Excerpt from Barron’s quoting DataTrek’s Nick Colas:
…. ” Retail brokerage firms “will have to consider merging in order to maximize economies of scale,” says Nicholas Colas, Co-founder of DataTrek Research, according to ThinkAdvisor. But scale, he adds, “may not return an industry or its participants back to returns on capital that existed before the disruption came along”….
Read the full article here on Barron’s!