Merrill's Thiel Says Advisors Must Change The Conversation With Clients, But His Comments Come Four Years After The Financial Crisis Hot

0.0 (0)
Write Review
“We got drunk with the performance of the bull market, 12% a year every year in equities from 1982 to 2000,” Thiel told the audience, according to OnWallStreet. “But the world changed and our dialogue, our approach, didn’t. It needs to. We need to talk about what our clients goals, concerns and priorities are and map absolute performance to that objective.”


Independent advisors take heart: A top executive at Merrill is giving a speech at Wall Street's top conference for private wealth advisors talking about problems you've probably been addressing for many years.


Thiel is not just a day late and a dollar short, he's years late with this message and Merrill has lost billions of dollars for clients. 

This Website Is For Financial Professionals Only

User reviews and Comments

There are no user reviews/comments for this listing.
Already have an account? or Create an account