Wednesday, September 08, 2010

When Everybody Was an “Asset Manager”

This U.S. Trust ad ran thirty years ago this month. Change "asset manager" to "wealth manager" and you could run much the same copy today.

Check out the graph to be reminded of the lousy investment climate that prevailed in the late 1970s. The S&P kept slipping sideways while inflation – and oil prices –soared.

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