Industry insiders are noticing a shift among individuals with at least $2 million to invest. The wealthy are shifting assets from large global banks and brokerages to smaller firms in an effort to reduce risk. Many large firms, such as UBS, have taken major, highly public hits from the subprime meltdown. This has affluent clients weighing their options and discovering the benefits of trusts, which have fiduciary obligations to clients, and other alternatives.
Read more at http://www.bloomberg.com/apps/news?pid=20601085&sid=atd72vyfNWUU&refer=europe
No comments:
Post a Comment