Click here for a special offer. Click here for our free newsletter. The next explosion may occur in the private banking business. And Clark has every intention of obliging.
Time is money.
Mass. By streamlining the process of wealth management, Clark will be able to take a load off the minds of the rich and move it into their bank accounts. Private bankers won't necessarily become obsolete. They could still E-mail advice to their clients, send them gifts on their birthdays, and hold their hands during times of financial duress. But bankers who want to survive may have to become Web- savvy. Controlling even a small portion of that would give Clark colossal clout.