Transcript: Brian Hamburger
Barry Ritholtz
APRIL 25, 2023
RITHOLTZ: So, what is changing is the big broker-dealers kind of figured out that the compliance nightmare and the legal nightmare of transactional business is so much harder than, wait, we could just charge a fee for managing their money, not sell them BS syndicate or not sell them IPOs that maybe they work, maybe they don’t.
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