GFC derails wealth fee growth by $30bnBY LAURA MILLAN | MONDAY, 25 MAR 2013 12:40PMThe global financial crisis cost the Australian funds management industry an estimated $30 billion in potential revenues, according to new research from Rainmaker Information. |
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The Australian funds management industry lost an estimated $30B. So what, the Australian funds management industry should have been better at what they do so their clients did not lose the estimated $1T.
I'm still not aware of any vested interest that said at the time "hold on, the situation is not sustainable".