I think this is a misunderstanding of what wealth management is. I have friends in private banking who have told me that some of their clients are hedge fund ma

I think this is a misunderstanding of what wealth management is. I have friends in private banking who have told me that some of their clients are hedge fund managers and they aren’t looking for stock advice, but more for things like tax help and succession planning. And a banker who will see to it that they can get their yacht financed using their Rembrandt as collateral, since even billionaires don’t necessarily have much liquidity.