New business model
A new business model is very much needed to take over the 'old' business model of remisers and phone calls. The world have moved on a lot more since.
A pure online and discount brokerage model could make sense. Cut out the bloat in phone dealing. Costs will be reduced by having a small team of dealers/customer service to perform solely as a customer service platform rather than trade execution service.
Branching out to different segments. A private wealth and wealth accumulation platform. Try to have a niche instead of competing with banks. Brokerages can offer niche services such as private/public placements and block trading by creating a private wealth desk.
Built relationships with overseas listing managers, offer IPO aggregation service for non-local stocks.
Built expertise and source business from regional/global countries. Do this on a specific country basis to build domain knowledge instead of spreading all the bullets. Understand legal and viable business structures. Targeting private wealth, wealth accmulation clients.
Get real in the information/fintech age. Explore how clients can move funds around easily and convienently. Look at fintech partnerships.
Move from transactional business model to AUM business model.
A pure online and discount brokerage model could make sense. Cut out the bloat in phone dealing. Costs will be reduced by having a small team of dealers/customer service to perform solely as a customer service platform rather than trade execution service.
Branching out to different segments. A private wealth and wealth accumulation platform. Try to have a niche instead of competing with banks. Brokerages can offer niche services such as private/public placements and block trading by creating a private wealth desk.
Built relationships with overseas listing managers, offer IPO aggregation service for non-local stocks.
Built expertise and source business from regional/global countries. Do this on a specific country basis to build domain knowledge instead of spreading all the bullets. Understand legal and viable business structures. Targeting private wealth, wealth accmulation clients.
Get real in the information/fintech age. Explore how clients can move funds around easily and convienently. Look at fintech partnerships.
Move from transactional business model to AUM business model.