Scott Gallacher: Why we should be concerned about consolidation
Market trend
Scott Gallacher: "In the longer term, I think it could be a real threat to us and for consumers once consolidators and VI firms reach critical mass."
Scott Gallacher voices his concerns about ongoing market consolidation. Here he explains why consolidators and VI firms pose a 'real threat' to small advisers and consumers...
Rarely do I read a trade paper or e-mail without seeing that one IFA or another has been taken over by consolidators or vertically integrated (VI) firms. It's a seeming constant, despite the pandemic....
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