Wall Street Leaders Need To Walk The Talk


    Leaders of all Wall Street institutions need to spend more time talking about how to best serve their customers and walk the talk when it comes to placing the customer’s interest first, says Winthrop H. Smith, a former executive vice-president of Merrill Lynch & Co. In the article ‘Bring Main Street Back To Wall Street’ at the Private Wealth Canada website, he says there needs to be a return to the revolutionary approach to investing that Merrill Lynch, Pierce, Fenner & Beane created in the 1940s which brought a belief that capital markets could be democratized and that Wall Street could be brought to Main Street.