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Safety-conscious rich hit wealth manager profits: report

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Thu, 23 Jun 11 5:19 PM | 17 view(s)
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Safety-conscious rich hit wealth manager profits: report

LONDON (Reuters) - Two years after the financial crisis most millionaires are still keeping much of their money in safe assets like cash, squeezing margins for wealth managers already struggling with rising staff and compliance costs.

Chris Vellacott

LONDON
Wed Jun 22, 2011 10:33am EDT

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http://www.reuters.com/article/2011/06/22/us-wealth-mlcapgemini-idUSTRE75L3N420110622




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