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Last waltz for the one-man-band
Thursday 24th of May 2012
Lifetime has, this week, acquired Wellington-based Meridian Brokers, a deal Stephens said was largely driven by the new regulatory environment.
“I really do question the viability of a sole practitioner being able to economically operate going forward,” he said.
“After July last year, the market changed and we needed to change with it. Having a larger capital base provides greater...
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