Non profits are increasingly turning to professional wealth managers

June 23, 2009 | Comments Off on Non profits are increasingly turning to professional wealth managers

Recently I read an article on Wall Street Journal about the trend of NGOs turning to professional wealth managers for financial help. The article cited that the total foundation assets in the US dropped about 22%, or almost $150 billion, in 2008.  There are many benefits for charity boards to use professional financial advisory services, […]

Excellent advisors can help you draft complex strategies to protect your assets, manage your cashflows and provide high value strategic advice. Mediocre advisors on the other hand only want your commissions and often encourage you to take positions that don’t serve you any good. Because of how “secretive” the private banking industry is, it is […]

Can private banking clients sue their advisors?

June 15, 2009 | Comments Off on Can private banking clients sue their advisors?

In short, the answer is YES. However, clients have to prove that their losses are direct results of negligence on the private bankers part. When the market is hot and everyone is making money, life is easy for wealth advisers. Advisers take their clients to lunch at Four Seasons, or go for a round of […]