Community Banks Take a Serious Look at the Affluent
Some "firms are growing assets because they're finding disgruntled clients," says Doug Ralston, the president of wealth management at Trustmark National Bank, a unit of Trustmark Corp. (TRMK) in Jackson, Miss.
"Sustainability and growth over time depends on the underlying health of the economy," Ralston said. "The well-heeled traditional wealth management client is very concerned right now about the direction they perceive the economy is headed."
-- This article first appeared on American Banker.
