Jerry Seinfeld has a routine, a “bit”, where he makes fun of fans of professional sports. When a player is part of the team you root for, you cheer him on. When he departs, you scream that he’s a bum. In fact, he says, you actually are just rooting for the laundry, not the people. Well, with UBS’ exit from the broker protocol, it looks like the wealth management industry is becoming Seinfeldian…READ MORE
James E. Heavey