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What is the difference between discount broker and private banker?

What is the difference between investing with a discount broker and private banker ? First, in discount broker you will be limited to traditional assets and you will not be exposed to "Private Equities" which resembles common stocks listed in the exchanges, yet on average it delivers double the return of stocks if managed well by a reputable…

Understanding Hedge funds

  its not easy to evaluate a hedge fund 

If you already have over $50M portfolio distributed over many custodians and funds, you probably have a hard time knowing what investment manager doing what and how good or bad is his performance.​​