 "This is not to say that executives pondering an entry into wealth lines should omit insurance. But it does suggest that robust revenue generation may be hard to come by solely on the back of insurance."?Harry Terris. |
Banks Prepare to Elbow In on Wealth Management
Saarah Todd | Financial Advisor, August 2014
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Summary: The wealth management landscape may be primed for a shake-up as a number of revenue-hungry banks plan to enter the business. Roughly a quarter of banks are gearing up to offer wealth management services within the next two years, according to a survey of 200 bank executives and senior banking professionals conducted this spring by American Banker and SourceMedia Research.
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