Saturday, January 21, 2012

Well Said....

Bankers and Advisors, especially from the 'Swiss Private Banks' and top fund managers who are being diligently followed by bankers and advisors in most other countries worldwide have sold the story of 'managing assets' to clients without actually contributing to the growth of money of their clients and devoured the fees and enriched themselves which has led to mistrust of advisors and bankers, not to mention decline in assets and hence the fees. This has led to many a top private banks to fail (think ING, Lehman) and several hedge funds to collapse and cases like Madoff and MF Global to surface. Wish they would keep client's interest at heart, at least going forward.

Dilbert says it beautifully...


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