Private Asset Management

Wealth Shops To Rebuild In 2010 12/15/2009

Money managers and wealth shops have finally stopped cutting costs and are cautiously starting to hire again. More than half of brokerages, private banks and investment firms are predicting a modest 1-10% growth rate, according to exclusive research from Prince & Associates. Moreover, multi-family offices, compared to their wealth management counterparts, believe growth may be even more robust, with 34.8% surveyed said they expect to see a 10-25% growth rate in 2010. The findings track news that PAM has reported during the year.

Harris Private Bank, Wilmington Trust ...

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