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      "text": "A brand that is globally recognized and trusted; Essentially a 100% fee driven business model; Largest independent advisor in the world; $157bn assets under management (AUM)",
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      "text": "Sweet spot of asset management: global and international equity are approximately 70% of AUM; Developing and emerging markets are approximately 40% of global GDP, but only 12% of industry AUM; Institutional demand to diversify outside of US should lead to continued AUM growth",
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      "text": "The Financial Crisis has reshaped Wall Street: Compensation costs down, talent flight from bulge bracket to independents; Boards turning to independent advisory firms for conflict-free advice",
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      "text": "Source: SEC filings. (1) Largest by 2011 revenue per company SEC filings. (2) As of 3/31/12 (3) BCG Report, \"Global Asset Management 2011\", CIA World Factbook",
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