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In a Q&A, Todd Thomson explains why Wall Street's glitter faded beside Dynasty opportunity

The former Smith Barney chief is mentoring his young colleagues and raising capital from Wall Street veterans

Author Elizabeth MacBride March 24, 2011 at 2:51 PM
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Todd Thomson: All the best products, the best thinking, the best money managers, used to be on Wall Street. Today, none of that is on Wall Street.

Jeff Spears

Jeff Spears

March 24, 2011 — 4:24 PM

Couldn’t agree more. The corner office advisors have NOT moved yet. What will make them move? Preasure to “cross sell” and preasure on payout. Both seem inevitable to me. If BofA can’t increase their dividend doesn’t it seem likely that they will try and increase cross selling of banking products/services? I’ve been at the table for these conversations before when BofA forced a coversion of client assets to Nations money funds.


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