Wealth and Asset Management
Are You Ultrarich, Rich or Merely Affluent? It Makes a Big Difference for Your Bank
Scale is crucial in the wealth-management business, but it needs to be the right kind of scale. Managing money for the rich is today’s golden goose in banking, because it generates stable fees and has low capital requirements. Many are eager to ape Morgan Stanley, which has become a wealth…
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Click here to read the full story: Yahoo Finance