Saturday, May 18, 2013

The 3% Solution – a Tough Sell

In his weekly Wealth Matters column, Paul Sullivan looks at Evercore Wealth Management. Founded by escapees from US Trust after Bank of America swallowed the nation's oldest trust company, Evercore asks the wealthy to focus on net investment results. That is, net returns after fees, taxes and inflation.

Admirable idea, but a tough sell. Even Sullivan has his doubts:
[W]hat I would have liked to see was a pre-fee return along with the returns before taxes and inflation.
Evercore's web site is cleaner than most. Also worth emulating, their uncluttered, plain-spoken newsletter.

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