According to Boston Consulting Group, wealth managers’ assets under management have dropped by 14% and their revenues have fallen 25% in the past four years. Boston Consulting revealed these findings in a report entitled Winning in a Challenging Market: Global Wealth 2003, based on interviews with 80 of the world’s leading wealth managers, with $5 trillion in assets under management.

The report also found that wealthy investors, defined as those whose household has $250,000 or more to invest, have lost $5.3 trillion since January 2000, just before the onset of the bear market.

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