WSJ – Money management is emerging as a rare pocket of the financial-services sector that is likely to avoid major change under the bank-overhaul bill recently agreed by Congress, according to some analysts.
Key changes created by the far-reaching bill that might hit fund companies—such as moving advisers toward a higher fiduciary standard and limits on in-house, or proprietary, trading—should have only minor effects, said analysts at Keefe, Bruyette & Woods. “Based on our preliminary thoughts, we see few changes that would have a noticeable impact on asset managers and their business models,” analyst Robert Lee said in a note.
