NYT Article: In Search of Competent (and Honest) Advisors; PWC Wealth Management Survey

The NYT, in an article titled "In Search of Competent (and Honest) Advisors" summarizes a survey of 238 private banks and wealth management firms published by Pricewaterhouse Coopers.  The article concludes that the "economic crisis has presented client relationship managers with challenges that they have neither the experience nor the skills to deal with."  The articles continues by discussing what individuals must do to search out and conduct due diligence on prospective financial advisers.

The full survey itself, which is captioned "Financial Services - A new era: redefining ways to delivery trusted advice - Global Private Banking and Wealth Management Survey 2009" is available on PWC's website.

Posted by Lewis J. Saret, General Editor, Wealth Strategies Journal.