Investment Houses
Found 3 recent publications
Moving from a bank to an investment house is cheap, but leaving one is very expensive
Regulation has made exiting a bank investment portfolio relatively simple, but transferring assets out of an investment house can cost thousands of shekels. Despite the rise in independent trading, banks still dominate the market.
Investment houses demand that the regulator cut distribution fees at banks
The Association of Investment Houses has appealed to the Capital Markets Authority and the Supervisor of Banks with a demand to re-examine pension distribution fees. The association claims: while management fees have plummeted, the bank commission has been stuck for two decades at a rate of 0.25% and prevents objective advice in default funds. CEO Nimrod Sapir: "The time has come to update the...
Independent trading, economies of scale and a trillion shekels: how investment houses became profit machines
Thanks to automatic deposits, market rallies and strong operating leverage, the five largest investment houses recorded a 52% jump in aggregate net profit to 651 million shekels. Meitav and IBI lead thanks to independent trading activities and services for the high-tech sector, while Altshuler Shaham remains far behind.