Bain See New Business Field to Exploit

https://consortiumnews.com/2022/07/19/excessive-wealth-disor…
A report from Bain & Company, a global consultancy with offices in 65 cities worldwide, has a suggestion: wealth management.

And why do analysts at Bain see wealth management — the business of helping people of means grow their assets — as such a promising career path? A simple financial fact: A colossal chunk of the world’s wealth now sits in the pockets of affluents who have no clue what to do with all their good fortune. The “investable assets” of these wealthy worldwide, Bain is predicting, figure to double by 2030.

Now if Bain & Goldman Sachs can steer folks away from low expense index & ETFs; the yacht industry should boom along with more profits flowing into Bain & Goldman Sachs bottom line.

9 Likes

Now if Bain & Goldman Sachs can steer folks away from low expense index & ETFs; the yacht industry should boom along with more profits flowing into Bain & Goldman Sachs bottom line.

Haven’t we been there before?

Where are the customers’ yachts? Yes, that’s the title of a book written in 1955. The more things change, the more they stay the same.

4 Likes

Where are the customers’ yachts? Yes, that’s the title of a book written in 1955. The more things change, the more they stay the same.

A fun book about the stock market and its characters!

Where Are the Customers’ Yachts?: or A Good Hard Look at Wall Street Paperback – January 10, 2006

https://www.amazon.com/Where-Are-Customers-Yachts-Street/dp/…

Don’t confuse it with a book about this book, they even stole the cover image!

The Captain