A financial adviser's most frightening competitor these days is not the bank across the street or the credit union downtown. It is the Internet, which has spawned E-Trade, Ameritrade, and Charles Schwab's Mutual Fund OneSource. Bank brokerages need to scramble to get on track.

With Forrester Research predicting that 21 million households will be using on-line financial services by 2003-600% more than in 1998-it is clear that bank brokerages must merge their proven guidance and expertise with technical innovations. Yet questions persist as to how such systems should be put in place.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.