This is a very good read from Strategas that broadly discusses the landscape of wealth management. Here is an excerpt that gives an outline of the paper:
“In one way, what was old is new again. The importance of the fiduciary and the provision of holistic, relationship-driven, risk-based advisory services has moved firms to again covet the same affluent clients that bank trust departments worked for 50 years ago – there are just so many more of them. We will explore the re-emergence of the fiduciary and ponder some of the implications on the business.”
Peter Malone, CFA
Research Analyst
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