That's great and I'm all for it - that's vastly better than many alternatives. The problem is, it does not remove the disconnect between serving shareholders (ie profit maximisation), and serving the end customer.
The dysfunctional incentives remain, and unless Mr Kelahar (and his successors) is Mother Theresa or Nelson Mandela, in the long run, these incentives can be expected drive outcomes.
Restructuring the industry will cause short term pain, yes. But RC's don't come around too often. Now is the time for change.
We need more funds to flow to those that add value, whilst minimising helper-fees, either via actual investment nous (eg PTM) or via low costs (index funds).
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)