World’s wealthy sitting on $10 trillion in investable assets

by NATHANIEL CAHNERS HINDMAN

Here’s another possible bump in road to the global recovery: the wealthy are still sitting on trillions in cash.

The wealthy have kept a $10 trillion pile out of the world markets, according to a new report by wealth management firm Scorpio Partnerships.

The money management industry has only accessed 42 percent of the roughly $40 trillion of investable assets held by high-net worth individuals, the report notes.

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