MyPrivateBanking Blog
Daily Comments on the World of Wealth Management

Archive for April, 2009

Get the Rich!

Thursday, April 9th, 2009

The Economist has a Special on the state of the rich. It’s all about how undeserving those investment bankers and hedge fund managers are and how the crisis brings justice to this bunch. But hey…one article analyses the wealth management industry:

“The rich have become disillusioned with the people who look after their fortunes”

According to the Economist, 15% of the wealthy have left their main adviser. Just another confirmation of our suspicion that the Wealth Management Industry is in the middle of a perfect storm…