The internet has issued a “wake-up”call to the investment industry according to a new survey.
The Deloitte & Touche survey shows activities of new services from execution-only brokers and US on-line stockbrokers had been shaken-up by the industry.
The research, which was done with the Association of Private Client Investment Managers and Stockbrokers, found 60 per cent of retail stockbrokers and investment managers who responded believe the impact of the internet on their business will be “considerable”.
APCIMS chief Executive Angela Knight, said: “The internet brings with it a variety of uses including execution-only trading. It has also allowed clients to access their portfolio on interactive web sites which allows them to answer the question 'how much money am I making?' very conveniently.”