The Most Ridiculous Asset Class, Banks’ Lack of Capital, Wealth Management’s Lack of Pros

Private Banking & Wealth Management

Art funds: The most ridicolous asset class in the world (Felix Salmon via Reuters)

Capital remains a concern for most large banks  (Seeking Alpha)

Facebook flop riles Goldman clients (gated) (efinancial news)

There are no pros in wealth management (Market Watch)

Family matters

What kinds of societies create wealth? (Christian Science Monitor)

Ben Ali’s hated in-laws looted Tunisia (ahram online)

Tax and legal

Protecting your mail from identity thieves (NYT)

Life of luxury & philanthropy

The rich are doing “all the heavy lifting” in the economy  (Wealth Report)

European masters in the Pallant gallery (FT)

Royal couple may ask guests to make charity gifts (AP )

Rich and trendy puff up cigar sales in India (MyDigitalFc)