Westpac Takes On The Wealth Management Upstarts

What happens when pesky, disruptive upstarts take on the big incumbents in an industry? More often than not, they find themselves in a battle royale over market share. And that’s just what’s happening in the wealth management industry, where Westpac is fighting back against the likes of Netwealth, HUB24 and Praemium.

This battle provides a very interesting example of competitive forces at work and things to look out for when considering an investment in very fast-growing companies.

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