Giving hostages to fortune: Licensees, advisers and the ties that bind themBY SEAN GRAHAM | TUESDAY, 12 JUN 2018 2:52PM The end of vertically integrated businesses "The reports of my death are greatly exaggerated" - Mark Twain. Those of us who recently sat, transfixed and unblinking, captivated ... Upgrade your subscription to access this article
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Well said - except that in the future world of better perfomance by advicers and licencees - mistakes, negligence and ilegal activity will still happen, as it does in all walks of life. I think that the customer is better served by engaging with a licensee that has the incentive to stay in business and has deep pockets to fix the bad stuff. Even if malfeasance occurs less than before, it only takes one mistake to cause a a large loss to the client - perhaps too large for a small licensee to rectify.