FYI: ( Slide mouse to 28:20 minutes for Josh Brown interview.)
I did my friend Jeremy Schwartz’s show on XM Sirius, Wharton Business Radio, on Friday. We had a really fun conversation about the business models of Acorns, Robinhood, TD Ameritrade, Schwab, etc – and why if firms are offering a service, there’s nothing wrong with them charging money for it. This is America!
I know it’s become fashionable to play GOTCHA! every time a software company comes along and creates a non-traditional way of doing a traditional Wall Street service. But sometimes the criticism becomes too much. If no one is allowed to make money without having a finger pointed at them, then why even bother getting out of bed in the morning?
Regards,
Ted
https://thereformedbroker.com/2019/04/06/hear-me-out-financial-services-should-cost-something/
