At Last, the Super Rich Get Their Own Bank

At Last, the Super Rich Get Their Own Bank

by
Abby Zimet

Because the economic divide in this country can never get big enough, Wells Fargo is starting a new bank just for those 10,000 U.S. households with over $50 million in "investable assets" - total: $1 trillion - to spare. Launching in about 15 cities, the Abbot Downing brand "goes beyond traditional wealth planning analysis by focusing on clients’ values, goals and vision” - including, presumably, never again having to mingle with the likes of you or me.

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