U.S. wealth management quotes of the day

BOSTON (Reuters) - The following are selected quotes from speakers on the second day of the Reuters Wealth Management Summit in Boston:

On the range of services wealth managers provide:

"You are going to see organizations trying to be everything to the ultra-high net worth individuals. Maybe not walking the dog, but finding someone who could walk the dog," John Stadtler, a partner at PricewaterhouseCoopers.

On the rise in philanthropic activity among the wealthy:

"On the very high end, there's a sense of, 'let's come up with a number that makes sense for my kids and the rest of it is going to charity'. A lot of people are very much on that bandwagon," Gail Cohen, head of global wealth management at Fiduciary Trust Company International.

On the rampant turnover in the private banking industry:

"I don't want someone who's had three jobs in 10 years," Lee Woolley, Northern Trust's president, Personal Financial Services - Boston.

On the importance of providing advice to the offspring of wealthy clients: "If you're an 18-year-old high school senior and you didn't realize your parents were worth $50 million, there's more to it than philanthropic giving. There's understanding what this all means, what this means in terms of when you start dating and prenuptials and all those sorts of things. There's much more to it. You want to be aware of people's motivations," Lee Woolley, Northern Trust's president, Personal Financial Services - Boston.

On wealthy clients' feeling about potential tax hikes:

"I think there's a feeling that it's inevitable. The spending rate we have right now is just so huge. I don't feel a lot of pushback from our clients. I just think it's a general sense of dissatisfaction with the economics and the government right now," Gail Cohen, head of global wealth management at Fiduciary Trust Company International.