Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:ICI GMM: What Not to Say In Front of Sallie Krawcheck Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, May 5, 2011

ICI GMM: What Not to Say In Front of Sallie Krawcheck

Reported by Armie Margaret Lee

Fundsters who want to get on Sallie Krawcheck's good side would do well to scrub the term "retail distribution" from their vocabulary. In her appearance Wednesday afternoon at the ICI General Membership Meeting in Washington, D.C., Bank of America's head of global wealth management and investment management (which includes the Merrill Lynch wirehouse) issued a request to the audience.

"Can we please get rid of the term 'retail distribution when talking about the wealth management business?" Krawcheck said. "Honestly, it's a term that diminishes what we do."

"I adore all of you," Krawcheck told the 1,000-plus fundsters in the audience. "I do. I adore most of you," she added, drawing laughter from the crowd. "But the business that I have responsibility for does not exist to be your distribution channel. It brings up images to me of us working for you, rather than for our clients."

Krawcheck said she prefers the term "private client solutions."

Another pet peeve, she said, is the term "cross-selling."

During her talk this afternoon, Krawcheck also tackled the seven myths of wealth management. Click here to view the story.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use