Wealth Managers Will Have More Competition in 2010
(Bloomberg) — Wealth managers will have to work harder for business this year now that the financial crisis has stabilized, said Robert Gould, head of investment and wealth management for Brown Brothers Harriman & Co.
“That means 2010 becomes a more competitive environment for the wealth management business,” said Gould in an interview at Bloomberg headquarters in New York yesterday. Gould oversees about $40 billion for the New York-based firm, whose clients have at least $5 million in investable assets, he said.”
