Text
It’s been a challenging period for wealth management firms. Markets are down this year and so are the fees wealth managers collect on the assets they oversee. But there’s a bright spot for the industry’s biggest players: loans to wealthy clients.
Several wealth managers have reported that net interest income soared during the second quarter thanks to higher interest rates and steady demand for securities-based loans, mortgages, and other lending products.
...
Barron’s Advisor
Free Registration
Welcome to Barron’s Advisor! Our content is free but available only to wealth management professionals. To read this article, please provide the information below so we can confirm that you work in the industry.
All fields are required.
If you’re not a wealth management professional, you can find other great financial content at barrons.com. If you have any questions, please contact us a
advisor.editors@barrons.com