Boring and Conservative are the New Darlings of Wealth Management
A recent Wall Street Journal article discusses the renewed focus on conservative and rather boring investment options among the wealth management community.
In the wake of extreme capital market volatility during the past couple of years, wealth managers have returned to basics in their discussions with current and prospective clients.
Among the more mundane options that are frequently discussed are:
- Annuities, and in particular fixed annuities.
- Bank deposits.
- Dividend paying stocks.
- Face to face meetings with plenty of client hand holding.
Source: Wall Street Journal
Anonymous wrote on Thu, 12/03/2009 - 14:57:
Bank deposits as a wealth management strategy--really???
Who would pay a wealth manager to open a bank account?
tom wrote on Thu, 12/03/2009 - 16:02:
I guess it would have to be part of a much larger financial planning / asset allocation exercise to justify any fees :)