Yes, the rich really are different…

Really interesting article in Canada’s Globe and Mail newspaper considering attitudes that differentiate the highly affluent from those who are not.

But the lessons and thought patterns presented in this article are not just the domain of the rich right now. More and more wealth clients – high net worth and mass affluent alike – exhibit rich behaviour (specifically, they are “more inclined to assume they are in control” and tend to “individualistic behaviour”). More to the point, they expect their wealth managers to have a complementary mindset and, critically for wealth management operations, this implies a means of facilitating transparent, immediate investment control.

http://www.theglobeandmail.com/life/yes-the-rich-really-are-different-from-the-rest-of-us/article4557430/