Hello? Does anyone still read this thread? I hope so because I have a question:
Yesterday I had a conversation with one of my broker's assistants at Smith Barney. They used to be with Legg Mason until Smith Barney (C) took LM's brokerage business. _I_ am not happy with SB. They are *really* unhappy with the way things are at SB, but moving elsewhere is a concern the way the smaller, regionals are getting eaten up--why go elsewhere when it will, in turn, get eaten by SB or ML?
The assistant said that the way things are going, we shall only see two firms, ML and SB, in the not too distant future. I'm interested on commentary. Do others see this happening, too? Basically just SB, ML, the online firms, and brokerage business offered by banks (like Wachovia Securities, BAC's)?? |
