The smaller you are, the more vulnerable you are, because if the market goes down 15%, it gets harder and harder to run a business."
David Canter, head of the RIA segment at Fidelity Clearing & Custody Solutions |
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Summary: Investors aren't the only ones who will have something to worry about if the stock market heads for a major correction. As volatility steadily ticks higher, owners of small financial advisory firms might start to feel as if the walls are closing in on them.
The smaller you are, the more vulnerable you are, because if the market goes down 15%, it gets harder and harder to run a business."
David Canter, head of the RIA segment at Fidelity Clearing & Custody Solutions |
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