If we take the concept of “elegant organisation” and apply what the ASX stats suggest (that is, more people look to the Internet and Friends/Family then Advisers) we can see how much of an impact that Social Media could have in this niche financial industry, the problem is what ASIC are reviewing does not consider the nature nor the dynamics of Peer-to-Peer networks. [...]
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Zimmer Frames A week or so ago I wrote about Marcus Schrenker, the 38-year-old Indiana money manager who tried to fake his own death after mis-managing clients money… Well he’s another adviser who has come a cropper… The story (I found it in the Sydney Morning Herald) discusses how a group of [...] News is the City has just reported what they describe as “another of those ‘you couldn’t make it up’ stories.” Picture this…Marcus Schrenker is a 38-year-old Indiana money manager who was very much concerned about the wrath of clients who were angry at losing [...] |
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