Our weekly newsletter is up, and this time around, we’re delving into the world of the wealthy, and the categories that come with it. It turns out that the lifestyles of the rich and the famous extend far beyond access to Bugatti Roadsters , yachts to pull up alongside happiness, and expensive caviar. Wealth, in and of itself, also grants those with it the ability to access sophisticated investment opportunities. Turns out the regulators believe, for better or worse, that sophistication is highly correlated to the number of zeros at the end of your net worth, and as such believe that the more money you have, the more sophisticated of an investor you are.
We can think of many, many examples where that is decidedly not the case (anyone who invested with Madoff would be exhibit A), but suffice it say that in the regulators eyes, money equals sophistication, and sophistication equals knowledge about investments, and knowledge of investments equals a lack of need to have details of the investment disclosed to you.
Read on to find out how this applies to YOU: http://bit.ly/opTW3S
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