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The wealth management business hinges on two things: bull markets and relationships. The current run in stocks – the S&P 500 hit an all-time high this week – is doing its bit. A rising market means increased activity, which boosts transaction fees, and asset appreciation, which increases asset-based fees. Even better, it means more money coming through the door. U.S. equity funds this week notched their biggest weekly inflow since the 2008 financial crisis.