Great thought piece. Read this carefully and certainly written by someone knowledgeable about the industry (I would hope so if he's running a hedge fund!)
I see some comments view this as a far-fetched idea. Maybe that's why its a good one....
RobinHood, the stock trading app, didn't exist 5 years ago. Now you trade for free - challenging a dozen well-known incumbent platforms like Schwab, Fidelity, etc... Luckily, these big guys offer more than just stock-trading. Imagine, zero fee trading with a fund-management platform as described by OP - I think it would crush the competition.
I see some comments view this as a far-fetched idea. Maybe that's why its a good one....
RobinHood, the stock trading app, didn't exist 5 years ago. Now you trade for free - challenging a dozen well-known incumbent platforms like Schwab, Fidelity, etc... Luckily, these big guys offer more than just stock-trading. Imagine, zero fee trading with a fund-management platform as described by OP - I think it would crush the competition.