Thinking Outside The Managed Account Box - Moving to The Next Level....

Taken from Financial Advisor Magazine June 2005-

The primary instigator is the baby boomer generation and its effect as an economic tsunami that has rolled right over many, many industries and companies in the past, and that is now threatening to roll over the asset management industry. For example, the baby boomers practically wiped out the U.S. automobile industry in the early 1980s. That industry had become focused entirely on its own game plan and not on the experience of the consumer. With the boomer generation, any company or industry that does not manage its business backwards from the consumer experience will go out of business.