Asset Managers are Piling Into Wealth Management as the Rich Get Richer
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
"Follow the money" is a pretty good rule of thumb for every fictional noir detective, but it works just as well in the world of financial services.
A new report from Bain & Company suggests asset managers and brokerages are increasingly adhering to that mantra, moving into wealth management as the Richie Riches of the world keep getting Richie Richer.
Source Fool.com
