Direct Firms Can Grow Through Managed Accounts: Cerulli
In its managed accounts edition of The Cerulli Edge, the company finds that even as wirehouse market share declines, that of the direct channel is growing steadily, if not at a breakneck pace. The reason? Direct providers are able to keep their existing self-directed clients interested by providing managed accounts...
Direct Providers Threaten Advisors’ Client Base: Cerulli
Those advisors most in jeopardy are those who compete most directly with providers such as Schwab, Fidelity and E*Trade.