Money management is kind of tough right now. Their clients are in the high net worth and ultrahigh net worth space so there is far less competition from the banks. Had a period where there was subpar performance but are turning things around. They do special dividends when they get performance fees. Yield is under 5% but any kind of performance fee could take it up to 7%-9%.
Money management is kind of tough right now. Their clients are in the high net worth and ultrahigh net worth space so there is far less competition from the banks. Had a period where there was subpar performance but are turning things around. They do special dividends when they get performance fees. Yield is under 5% but any kind of performance fee could take it up to 7%-9%.
(A Top Pick May 15/12. Down 9.57%.) Performance is getting better, so he hopes they are on the road to repair.
(Top Pick May 15/12, Down 14.06%) Still believes in them. Assets under management have been falling. Sector is out of favour. Assets under management stabilized and performance was improved last quarter. Will do well and he will collect the 5%.
(A Top Pick May 15/12. Up 23.5%.)