Financial firms better shape up or ship out

Livewire Exclusive

Livewire Markets

Seth Merrin, the well-renowned founder of Liquidnet in New York says he’s seeing “a massive amount of interest amongst venture capitalists in FinTech” in the U.S. because they believe that Asset Managers, Brokers and Bankers could all be massively disrupted over the next 5-10 years. Merrin singles out the asset management industry as one that’s currently not suited to the needs of the Millennials. “It’s high friction. It’s a pain in the butt to open an account. It’s a pain in the butt to switch money around. I don’t know if robo-advisors are really going to take hold, but I think peer-to-peer advising is a really interesting space. You have the ability to track other folks who have done their homework and you can see their returns and do it across asset classes.” In this video Merrin goes on to discuss the future of asset management and broking and the types of companies that will be going out of business.


Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.