As a result, many asset managers, including some of today’s market share leaders, may struggle with shrinking revenue and a decaying book of legacy business
The survey – unveiled as part of a report titled, Retail Bank Pricing: Resetting Customer Expectations – finds that there is considerable aversion to price increases, with many consumers believing that banks are not being fair in raising fees.
No sooner has the US economy averted one precipice, the “fiscal cliff”, than it faces another – the “spending cliff”. While we remain cautious near term, we don’t believe this undermines the case for equities. We view r
“Sometimes even if you have a slight recession it’s better, because you take the bad medicine and get it out of the way and get on to healthy growth,” said James, who is also a CFP, at one point.