Einhorn Says Markets Are ‘Broken.’ Here’s What the Data Shows.
David Einhorn put it bluntly: The valuation-be-damned boom in passive investing has “fundamentally broken” markets.
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(SEI) As the wealth management industry faces a wave of advisor retirements, a modern tech stack can help banks strengthen retention and recruitment.
Private banks are staring down a two-pronged threat: an impending wave of advisor retirements and an exodus to independent channels. Banks must offset advisor retirements by both attracting new talent and competing with the allure of independent advisory models.
Technology can be one of the greatest weaknesses for many banks, hindering both recruiting and retention efforts.