"I think the basic advice, even though most people ignore it -- plan [for it] to take twice as long and cost twice as much," Boris Schlossberg, Managing Director of FX Strategy at BK Asset Management, told StreetID. "I would even say three times as long and three times as much because everything in the financial industry right now is incredibly regulated, highly overseen."
Schlossberg said that there is a "huge barrier to entry" right now. He believes that this will prove to be a positive in the long run "because it is hopefully going to provide a good degree of investor protection."
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