“This isn’t about legacy-building; it’s about getting ready for prime time.”
James Gorman, Morgan Stanley
The news that Morgan Stanley has acquired American online stockbroker E*Trade for $13 billion rather eclipses the news (included in our newsletter on 17th February) of Share plc/The Share Centre combining with Interactive Investor. Mind you, the size of E*Trade, with its 5 million personal investor customers and assets under administration of $360 billion, is somewhat larger than The Share Centre’s 300,000 customers and £6 billion assets under administration.
There is no doubt that retail investment businesses offer strong potential for growth in the years ahead, and large corporates and private equity firms see those opportunities across the free world. However if they’re wise, their control tenure in this space will be short-lived, since retail investment businesses thrive best when they’re owned by their own customers.
So please READ ON .. as this week we take a look at how private equity provides businesses with the opportunity to re-organise for the future, and why releasing their investments in a timely fashion is a key part of generating financial returns.
Please note that there's a £4.99 monthly subscription charge for listening to Share Radio, as either our live stream or podcasts. Listening to Share Music and selected podcasts (eg episodes of Managing My Money) is free, and there's no charge if you're introduced through one of our sponsoring partners. For details of the latter, please refer to our commentary on 10 February 2020.
After you first enter your email address and have activated it with your bank details or sponsor code, you shouldn't have to enter it again - as your computer or mobile device will remember that you've signed up.
When you just need some relaxing background music for reading, writing or entertaining, Share Music is there with an almost unbroken flow of instrumental folk music. It's a great complement to Share Radio, and if you buy an internet radio from us you'll find both Share Radio and Share Music preset and all ready to go.
Share Music has a great mobile app, Share Music UK, which displays information on tracks played.
In a new partnership with publishers Harriman House, Share Radio has produced its first audiobook 'Superinvestors', written by Matthew Partridge and read by some of Share Radio's best known presenters: Simon Rose, Fenella Fudge, Glen Thompsett, Ed Bowsher and accomplished actor David Ricardo Pearce, whose ancestor is featured in the book.
Here's your 100% internet Ocean Digital WR-220 radio, pre-set with both Share Radio and Share Music channels!
With access to over 15,000 more radio stations across the world.
Very competitively priced at -
£57.95 + £5 post/packing (UK delivery)
Welcome to Gavin Oldham's full presentation describing his vision for egalitarian capitalism.
The main set of proposals are as follows:
Egalitarian Capitalism is an alternative to socialism which, while fostering and encouraging enterprise for all, acts to involve and empower people right across society and especially the young.