The Silver Lining as Banks Say “No More Americans”

“Independent asset managers are entrepreneurs at heart. Many have started their own businesses after gaining deep experience in private banks or large investment houses. They recognize that those two business models don’t properly serve those looking for lower account minimums with the superior service found at smaller firms. Most Swiss independent asset managers feature tight, professional teams of four to five deeply experienced members. These managers are going about it the right way. They are registered with the SEC and they work with the very same private banks that decided to say good-bye to American clients.”

http://sovereign-investor.com/2013/07/26/the-silver-lining-as-banks-say-no-more-americans/