The New Banks That Cost You Pounds 25m to Join ; the Credit Crunch Doesn't Worry the Super-Rich They Already Have Their Investments, Grand Houses and Sporting Estates. Now They Have Found a New Breed of Banker to Keep Them Ahead of the Game

Summary

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THE old adage of the rich always getting richer has never rung more true as a glance at the annual wealth tables shows. Each year, the families at the very top seem to add to their fortunes with effortless ease.

Talk of an economic slowdown may be worrying the rest of us but it is unlikely to ruffle the very wealthy. Such is their enormous influence that a booming new industry has sprung up to meet their particular financial requirements.

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The New Banks That Cost You Pounds 25m to Join ; the Credit Crunch Doesn't Worry the Super-Rich They Already Have Their Investments, Grand Houses and Sporting Estates. Now They Have Found a New Breed of Banker to Keep Them Ahead of the Game

Once, the landed aristocracy and gentry left the management of their money to senior figures at discreet accountants, trusted banks and lawyers. Now the independent "family office" is all the rage the Wall Street Journal recently devoted a major feature to the way in which the richest US families looked to teams of specialist experts to look after their cash and make it grow. Some of these advisers were becoming hugely wealthy in their own right, such was the deman...

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