Bank results underpin wealth management new eraBY LAURA MILLAN | FRIDAY, 8 MAY 2015 12:15PMAs the big four banks prepare for the end of the extraordinary bull run experienced since the global financial crisis, their wealth management arms also gear up for a new era. Related News |
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Oh humm. The big four banks (and others) will have to deal with potential conflicts of interest. Right! That is, they wont want their scapegoat, so-called financial planners gunning for bank business? Right. Right!
And as far as funds management is concerned, they wont carry on trying to convince an unsuspecting (or is it conditioned) public that share price movements are a reliable form of investment return? One, that is, that can be used as a secure basis for building up one's retirement funding 'piggy-bank'?
Right. Right!
A philanthropic revolution coming up.