Wellner Says Papamarkou Clients Like `Boutique' Strategy: Video

Nov. 19 (Bloomberg) -- Karl Wellner, chief executive officer of Papamarkou & Co., talks with Bloomberg's Betty Liu, Adam Johnson and Jon Erlichman about the performance of money management firms.¶ Independent registered investment advisers are expected to gain about $50 billion in assets this year, in contrast to full-service brokerage firms, whose assets are projected to decline by $189 billion, according to Boston-based consultant Cerulli Associates. (Source: Bloomberg)