Lessons from Three Decades of Retail Brokerage
| San Francisco, CA, USA January 2, 2002|
Everyone knows that past experience provides valuable lessons for the future. A review of retail brokerages history not only points out useful lessons but also inspires a rational perspective on its current malaise.
In a new report entitled , Alenka Grealish, analyst at Celent Communications, provides a twenty-five year retrospective on the industrys competitive landscape, product and channel innovations, and regulatory landmarks.It outlines enduring lessons that can be drawn from the industrys past experiences.These lessons can be distilled into three imperatives:
·Do not underestimate the viability of product and channel innovations and investors receptiveness to them. There will always be the next new-new thing that will differentiate competitors and open the door to new entrants for at least the short-run.
A Table of Contents is available online.
of Celent Communication's Retail Securities & Investments research service can download the report electronically by clicking on the icon to the left.
Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].
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Table of Contents
|San Francisco, CA, USA January 2, 2002
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