The world of platforms has changed out of all recognition, but, as Brendan Llewellyn asks, might we be about to go too far?
The initial idea was that fund supermarkets would make things easier: instead of dealing with dozens of fund houses, you could access one screen and consolidate all client transactions and investment communications at the press of a button or two. The other expectation was that these new large aggregators would negotiate keen prices from fund managers. Initially, the question of the price of supermarkets didn't really surface as the rebate model kept such things under wraps. Then wraps unfolded onto the scene and price became more transparent. So, from the original conception, there h...
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