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Early this year, it announced that the minimum asset level to remain a private banking customer would double from $5m to $10m.
Already, he has abandoned one bold idea, of abolishing the anachronistic wealth tax, preferring merely to raise the minimum asset base at which the yearly tax kicks in, from €790,000 to €1.3m.
"It's true there's no minimum asset requirement, but it's a club," explains Wellner patiently.
Over the years, the zero commission brokerage service increased the minimum asset balance to $2,500 and decreased free trades from 40 to 10. Now the company is putting further restrictions on trades.
Direct public offerings A DPO is an investment opportunity offered to the public directly, without an investment bank and without minimum asset requirements for investors.
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The minimum assets needed for a bank to enter the Chinese market were reduced to $6 billion from $20 billion, a step aimed at allowing 12 mid-sized Hong Kong banks to enter the Chinese market.
The table on the following page lists seven equity funds that have consistently outperformed both bull and bear markets, have minimum assets of at least $500 million and are open to new investors with an initial investment of $5,000 or less.
Though Nasdaq operates the Bulletin Board, stocks quotd there do not have to meet the requirements of Nasdaq-listed suchrities, such as minimum net assets and minimum number of shareholders.
To appear in the survey a fund must be in existence for three years and meet an asset minimum: for stock, balanced, foreign and global funds, $50 million; for fixed-income funds, $500 million $100 millionn for single-state munis).
Given the bewildering number of ETF choices that investors now have to contend with, consider the following factors when selecting an ETF: Level of Assets: To be considered a viable investment choice, an ETF should have a minimum level of assets, a common threshold being at least $10 million.
We're less and less likely to have the minimum level of assets that most investment counselors want to see before accepting us as a client.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com