I am not in the space, I just saw this article pop up in one of the daily newsletters I get.
From the sounds of it, ML just reached into the pocket of all their trainee advisors. Seems pretty fucked up....is there something I am missing on this to add context? If you have 40mm under management...you are generating say 400-450k for the company...why do you pull a profitable kid's book?
Would love to hear any inside knowledge on this
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