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    Consulting » Unhealthy wealth

    Unhealthy wealth

    Wealth managers are seeing their margins drop to one percent of assets on mass affluent portfolios, according to a report by KPMG Consulting.

    Author Date published January 18, 2002 Categories

    It points to intensifying competition and increased transparency within the wealth management market as the main squeeze on profits. Merrill/HSBC recently shed 25% of employees from its new wealth management venture.

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