Financial Services Industry Report -- What will happen in the next ten years?

Ten years can seem like a long time in the financial industry -- recall how what seems like eons ago, but really was only a few years in historical time, when "the dot-com boom brought home how trend-conscious investors can be," regarding stocks. Regardless, the shaky performance of today's current 'recovered' economy, because of the skyrocketing price of oil and an uncertain economic future means that new investment strategies and relations with financial institutions are necessary both in the short-term and with an eye upon ten years in the future. True, "it's been a recovery year, but not one that's been broad in industry specifics," notes FBR Financial Services' Dave Ellison in a recent interview with TheStreet.com's Ian McDonald. (McDonald, 2004)

Ellison believes that in ten years, or even in ten months the big "brokerages and investment...
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