Why Fixed Income Is Still the Hardest Asset Class for Enterprise RIAs and IBDs to Scale

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Over the past two decades, the wealth management industry has effectively industrialized equity trading. Orders route electronically, allocations resolve automatically, rebalancing runs on models, and compliance sits inside the workflow rather than after it. For Enterprise RIAs and IBDs managing tens of billions in assets, equities operate like essential infrastructure. Fixed income never got that treatment. […]