tx
Member of DD Central
Posts: 300
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Post by tx on Aug 6, 2018 7:17:48 GMT
I still don’t get this asset rich time poor statement. Private clients as I understand, mostly are not time poor, and those asset rich and time *rich* clients pays most of attention to their assets and succeed. The 50k min wont even meet a fraction of the requirement of most wealth management offerings on the street, the real clientele of LyWth seems very different to traditional wealth management but branded as if the investors are at even higher end ... seems a market mis-positioning.
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Post by p2plender on Aug 6, 2018 8:18:09 GMT
They want to attract the 'time poor' in the hope they won't spend too much time looking into Lendy. Too late though, game's pretty much up I'd have thought.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Aug 6, 2018 11:48:03 GMT
It's clearly a cunning plan to turn "asset rich, time poor" investors into "Asset poor, time rich" investors, so giving them the opportunity and time to enjoy facets of their lives that they had hitherto never dreamed of.
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