2nd November 2006, 08:50 PM
Well said sniffer.
I will give one example of where small firms have a larger cost being an RAO in the IFA - I have posted on this before.
In many respects the advantages of being small are countered by this and the economy of scale. For example a bit of software I use a few times a month costs £3500. It becomes cheaper to hire things rather than buy.
I would suggest the smaller firms occupy slightly different niches to the bigger ones.
Peter
I will give one example of where small firms have a larger cost being an RAO in the IFA - I have posted on this before.
In many respects the advantages of being small are countered by this and the economy of scale. For example a bit of software I use a few times a month costs £3500. It becomes cheaper to hire things rather than buy.
I would suggest the smaller firms occupy slightly different niches to the bigger ones.
Peter