Wednesday August 5, 2020

The great grab: how brokers are vying for your money

With billions of euro at play, a changing financial services sector is fighting for investors' cash, writes Barry J Whyte.

Barry J Whyte

Chief Feature Writer

27th April, 2014
The squeeze is on: And not all in the wealth management industry will survive.

The last five years have been gruelling, both for investors and for the massed ranks of Irish stockbrokers, wealth managers and investment advisors.

Since the financial meltdown of 2008, billions of euro in individual investors' money has been wiped out.

Not all of that was sheer market forces, however. Acres of newsprint and court documents have been generated by successful actions by bust investors who felt they were poorly served by their brokers and their advisors.

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