Sir, in “For many rich people, wealth is a consequence of being succesful, Peter Scholla, himself an investment advisor, tells us that “the rich through the hiring of independent advisers with broad ranging responsibilities and powers. . . end up employing a variety of firms” meaning private banks. This sounds like a good suggestion for a diversification technique although the follow-up questions would of course then be, how many independent advisors do you need to hire to diversify yourself out of the investment advisor’s risk?
Peter Scholla diversification risk
investment advisor
Peter Scholla diversification risk
investment advisor