The study shows a disconnect between the supposed increased urgency for succession planning and a willingness to do anything about it. It also sheds light on how social media influences philanthropic ideas.
Another firm serving wealthy individuals has been launched, built by a team collectively looking after $1.25 billion of assets in the Keystone State.
Evidence for the effectiveness of wealth taxes is mixed: several European nations that introduced them no longer do so, such as Sweden. Critics say they raise relatively little revenue, destroy capital and therefore reduce long-term growth for jobs and income. Defenders, however, continue to claim they're necessary to curb inequality.
Demand for talent is putting upward pressure on compensation, with median total amounts rising by 19 per cent over a five-year period, a new report from Charles Schwab shows.
Here is a summary of the major US banks' financial statements for the fourth quarter of 2020 and for the full year. In general, figures held up relatively well and assets under management rose on the back of hig...
The fine art auction market can act as a temperature measure for how high net worth and ultra-HNW people feel about the state of the economy and their own finances. Growth of online art auctions has increased ra...
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The move by the US bank, which provides services including wealth management, shows that Singapore is seen as a major hub for technology as well as for financial services. ...
The latest person to join the firm's board will be working alongside a former Fed chairman, a former UK Prime Minister and other luminaries from politics and central banking around the world. ...
The launch is an example of how different types of wealth firms, ranging from family offices and private banks to those catering to the mass-affluent/high net worth segment, are setting up in the state. ...
This news service talks to a nationwide US wealth manager about the approach it takes to client segmentation and how it is faring in the current environment. ...
The family office industry remains male-dominated, but those who work in it aren't perhaps as old as might be assumed. A new report seeks to illuminate the population characteristics of people who toil in the in...
A new book by a UK journalist challenges a number of economic ideas that he says have damaged living standards, fostered inequality and other problems. It describes the world that the wealth industry inhabits, a...
This news service talks to a US venture capital firm that operates in health-related sectors, stretching from foods, personal care and beauty. It is an example of the kind of sectoral approaches that drive sourc...
An enduring debate in wealth management is how advisors should segment clients, or should they at all? Should they be guided by financial metrics, such as minimum investible assets, or by sources of the money? W...