Comment & Analysis
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Wealth and Asset Management
Managers advised to downshift their focus to ‘core millionaires’
Private banks risk neglecting the needs of people with less than $10m of investable assets, according to McKinsey’s 2011 Global Private Banking Survey. The report says that – to capture pre-financial crisis levels – private banks need to expand their focus beyond the ultra-wealthy clients to serve so-called “core millionaires”,…
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Click here to read the full story: The Financial Times