World's rich grow richer as bull markets roar on, says study
Updated : June 15, 2018 04:46 PM IST
The business of providing advice to those super-rich is still strong in North America.
Legacy brokerages’ market share fell to 37 percent in 2016 from 41 percent in 2012, while the portion held by direct channel firms such as Charles Schwab and Fidelity grew modestly to 21 percent from 20 percent.
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