Toshihiko Oshio of Nikko Cordial
Securities Inc., MMI’s first Japanese member firm, reported to us
that Nikkei ran a story on Managed Accounts in Japan. Entitled “Wrap
Account Assets at 3 Brokerages Reach ¥40bn,” the story reported that
“Securities firms have seen wrap account assets continue to grow
since last year, when the government allowed them to make full-scale
entry into the investment advisory business for wealthy customers.”
In addition to Nikko Cordial
Securities, Shinko Securities and Daiwa Securities Group were both
referred to in the story.
