Welcome to our vision for the present and future of wealth management and the financial services industry
Wall Street 2.0
Too often, the large wirehouses place their own interest ahead of the clients. Hefty regulatory fines for self-dealing feel like just a cost of doing business. Behaviors and sales tactics used by the Old Wall Street firms don’t seem to change no matter the penalty. Products and loans are pushed because the wirehouses make money from them, not always because the clients need them.
Conflicts of interest abound.