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The Economist

Wealth management: For the money, not the few

Wealth management: For the money, not the few

Negative interest rates are eroding the money held by the masses, about half of which is in cash deposits.

  • dicembre 21, 2019
  • Tempo di lettura min.

The Economist

Wealth management: For the money, not the few

Negative interest rates are eroding the money held by the masses, about half of which is in cash deposits. And clients are calling for help.

This has sparked a race between banks, fintechs and investment firms. According to Matthias Memminger, a partner with Bain & Company, wealth managers need several strengths to succeed: technology, trusted brands, marketing dollars and a human touch. 

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