Wall Street is racing to manage your wealth. That is a good thing
The hottest trend in finance offers more than just fat profits for advisers
“Where are the customers’ yachts?” asks a wide-eyed visitor to Manhattan, after his host points out the bankers’ and brokers’ boats, bobbing by the pier. The scene, from a book published in 1940, reflects a healthy scepticism of the advice peddled by financiers. Somehow they always seemed to get rich, regardless of how their clients fared.
This article appeared in the Leaders section of the print edition under the headline “Wealth management for the many ”
Leaders September 9th 2023
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From the September 9th 2023 edition
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