The Newly Minted Rich Client

While the economy is still sluggish to say the least, there are a lot of very happy people in silicon valley.  Many new internet companies have had their IPO and with it newly minted millionaires (and billionaires).  For financial companies, however, this is a new pool of potential high net worth clients.

See Evelyn M. Rusli & Ben Protess, "In Silicon Valley, the Ripe Scent of New Money," nytimes.com (Jan. 15, 2012).

Posted by Shahzeb Gaziani, Senior Associate Editor, Wealth Strategies Journal.