One of my guilty pleasures is the WSJ's Wealth Report blog, written by Robert Frank. Last weekend he posted on a new survey from Prince & Assoc. that indicates that wealthy investors are angry with their investment advisors.
As a "boutique" investment advisor I guess I should be encouraged that so many hate the brand-name wealth managers. On the other hand, I suspect that most wealthy investors will take their money away from hated brand-name X, only to put it with hated brand-name Y--and vice versa. It's a tough business that way for people like me.