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War for Young Rich Could Be Won by Video
February 9, 2011 | Kendal Kirby
BOSTON (TheStreet) -- More than $2.2 trillion in assets could be in play among wealthy investors under 50, according to Cisco's (CSCO) Internet Business Solutions Group, the company's global consultancy. Its advice for financial services firms that want some: a renewed focus on video technology and social media.
There is no denying Cisco, with its focus on video and conferencing technology, has a horse in the race. But it makes the case that advisers need to make a better value proposition to younger generations that grew up amid constantly evolving technologies.
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