Online advisers bullish despite Etrade Asia exit
One wealth industry executive questions Etrade's commitment to Asia, but others say the firm's closure in the region should not be seen as a bellwether for the online advisory model.
Online investing will continue to thrive in Asia despite the withdrawal of US share-trading platform Etrade, say market observers in Hong Kong, amid suggestions that the firm could have done a better job of maintaining its business in the region.
Etrade said last Friday that it was pulling out of Hong Kong – where it had brokered local and US stocks – with account closure effective from February 12, 2016. Local branch and customer service operations will shut down on March 10, an…
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