Wealthy investors receiving low-quality advice, says research



An elderly Asian couple posing as wealthy investors visited 18 Swiss-based banks recently on behalf of Private Banking Prüfinstanz with the aim of ranking wealth advisers. Only one of the banks the couple visited, Schroder & Co Bank, emerged from the test with a ranking of ‘excellent', while four were ranked as ‘very good'.

The couple visited the banks pretending to seek advice on investing a fortune of $14 million. They said part of the money was to be used to assist their children, who were st

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