Goldman strikes deal to sell unit that offers financial advice to the masses
The sale of a registered investment advisory business to a Kansas wealth management firm is part of a renewed focus at Goldman on the ultrarich.
Source: yahoo.com
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Affluent investors offer opportunities for wealth management
Investors with between $250,000 and $1 million outnumber the ultrawealthy by 2.5 to 1. For financial advisors, that could be a huge opportunity.
Source: financial-planning.com
Mediobanca Acquires Financial Advisory Firm
WealthBriefing provides news, features and information for the wealth management and private banking industries.In-depth industry profiles and authoritative commentary ensures that WealthBriefing is the premier supplier of news, content and analysis for wealth managers and private client professionals. Owned by ClearView Publishing, the leading supplier of information about alternative investment, asset management,tax, hedge funds and the high net worth markets
Source: wealthbriefing.com
SA's middle class is broke
Average salaries are down in real terms while the cost of living spirals …
Source: moneyweb.co.za
SA's middle class is broke | The Citizen
With a sharp, rapid rise in interest rates – prime is now 11.25%, up from 7% in the past 17 months – households are under immense pressure.
Source: citizen.co.za