Updated Thursday, July 31, 2014 as of 5:38 PM ET
The High Cost of Client Secrets
Transparency is a hot buzzword in the wealth management world. In the wake of the financial crisis, clients rightfully want more information about their investments. But transparency can evaporate when it comes to small family businesses, where money and relationships are often intertwined.
Sometimes, itís merely that the use of multiple advisors clouds communication ó perhaps a key piece of information remains unconsidered in a decision-making process. At other times, deliberate deception creates real mystery and financial havoc.   more »
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