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Article: Taking stock - Time for education.
- Article from:
- Money Management
- Article date:
- May 1, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Russell Taylor
Current market conditions present a great opportunity for advisers to help clients invest wisely for the future, says Russell Taylor
The investment world is about to face some wrenching changes. The sale of Barclay's ishares is only the beginning. This profitable business is being sold to strengthen Barclay's balance sheet, but other banks and insurance companies will be selling their fund management business.
This is because of coming regulatory changes and, more importantly, because most of them lose money unless they can increase the volume of funds under management each year. There is neither money nor appetite for ...