03 March 2010
Careful Study of Wealth Mgmt Firms
The map shows the money managers in CT with assets of less than 150M (to eliminate the bias of the larger firms). These firms should more closely serve (and reflect) their local markets rather than national and international clients. My conclusion is that there is a lot of money in the Greenwich-Westport corridor. And not much in places like Bridgeport,Waterbury and Torrington. Who'd a thunk it.
Well I know where the money is in CT. And so do you. This gets really interesting when you look at states and cities you've never been before. I didn't know where the nice parts of Houston were before. There isn't much money in Detroit but there's a lot in the northwest suburbs.