Private wealth rebounds as managers face higher costs

Strong growth in private wealth is not translating into a proportional growth in revenue for wealth managers

Global private wealth grew more strongly in 2012 than in the two prior years, driven by net new assets and exceptionally strong stock market performance.

But that growth isn't translating into a proportional growth in revenue for wealth managers.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump