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A year ago banks were reporting strong demand for wealth management services. The numbers of millionaires across the world was growing fast on the back of a decade of strong economic growth and high stock market returns. The dotcom bubble was just the icing on the cake. Banks and brokers from Charles Schwab to Goldman Sachs announced new strategies for targeting the affluent. However, life has changed. The dotcom bubble seems to have burst and stock markets are floundering. In this new environment what services do the holders of wealth need to ensure best management of their assets and who is providing them?
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