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Wealth Advisers Pounce on Retirement Nest Eggs of American Airlines Pilots
Reuters
Aug. 12, 2013 "When American Airlines dumped about $3.5 billion of retirement money into the laps of its pilots late last month, the winners were the wealth managers who got a piece of the action.... Stockbrokers, financial planners and other advisers who spent much of the year competing to manage the pilots' money, are now celebrating a windfall of fees. The pilots, still reeling from their company's bankruptcy and bewildered by the unanticipated need to manage their money, are still digesting what amounted to a marketing onslaught." MORE >> |
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