Wealthy investors turn away from advisers

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Szifra is quoted in this article from Investment News

By Charles Paikert

January 11, 2009

Shock of losses, scandal lead high-net-worth clients to question advice

Financial scandals and decimated investments are changing the behavior of wealthy investors in ways that may reshape the wealth management business.”Before [Bernard] Madoff, wealthy investors diversified their portfolio, but didn’t think about hedging their bets in terms of advisers,” said Dan Ariely, a professor of behavioral economics at Duke University in Durham, N.C., and the author of “Predictably Irrational” (HarperCollins, 2008).

Investment News profile of Szifra Birke

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By Charles Paikert

August 13, 2007

Szifra Birke is fascinated by money.That may not be unusual for someone who works for a wealth management firm, except that she is not a wealth manager, nor is she a portfolio manager or a financial adviser.Ms. Birke is a psychologist. Continue Reading