A Turf War to Win the Rich

Fest, Glen
February 2007
Bank Technology News;Feb2007, Vol. 20 Issue 2, p1
Trade Publication
The article reports on the battle between brokers and banks in North America on wealth management platform. The number of affluent individuals in the country is increasing from 30 million to 37 million. The field of the rich is getting wider and higher. As a result, financial planners, private bankers and brokers that traditionally serve niche and highly segmented markets are investing heavily in new wealth management platforms to let them stretch the prosperity spectrum.


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