Sparks fly after FundFire reports that Merrill Lynch and Goldman Sachs are offering some RIAs their corner-office research
The Financial Times publication stands by its story, but Merrill won't comment, making the fiery situation smokier; Goldman is unabashed
CA_RIA
It would be interesting to hear how RIAs are positioning the use of wirehouse research to clients. The ethos of RIAs is generally to be anti-wirehouse —— no commissions, no secret bonuses for pushing in-house products, no sales quotas etc…. all the stuff that is a conflict of interest. There are good, smart people at the wirehouses —- but then there are good, smart people everywhere so paying huge fees is the difference in the end.
If you get ahold of any info on how RIAs are positioning it — that would be interesting. Interesting article — stay on it.
CA_RIA
Jeff Spears
This reminds me of my youth – when my girlfriend would say, “I think we should date around”
There is ALWAYS a prettier boy/girl.
Brokers are just starting to realize this….
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