In an era marked by economic uncertainty and fluctuations in the financial markets, family offices—private wealth management advisory firms serving high-net-worth individuals—are demonstrating a renewed vigor in their investment approaches. Recent findings from Citi Private Bank’s 2024 Global Family Office Survey reveal that these entities are shedding caution in favor of a more aggressive investment
Wealth
In recent years, the landscape of wealth distribution has undergone seismic changes, giving birth to a rapidly expanding class of centimillionaires—individuals boasting at least $100 million in investable assets. A report by New World Wealth in conjunction with investment migration expertise from Henley & Partners has shed light on this phenomenon, revealing that the global
As the political landscape shifts and the potential for significant tax changes looms, high-net-worth individuals are facing a pivotal moment in their financial planning. With the prospect of tighter estate tax regulations, the need for strategic tax planning is more urgent than ever. This article will delve into the implications of upcoming changes in estate
The ultra-wealthy population in China, with a net worth of at least $30 million, is predicted to grow by almost 50% in the coming years. Despite the economic challenges facing China, the ultra-rich are diversifying their investment portfolios beyond the country’s borders. Wealth managers have observed a trend of wealthy Chinese individuals channeling their funds
The United Kingdom is expected to witness a surge in the departure of millionaires this year, as indicated by the latest research conducted. The Henley Private Wealth Migration Report suggests that the UK will see a net loss of 9,500 high-net-worth individuals in 2024, a significant rise from the previous year’s figure of 4,200. This
Burberry, a renowned British luxury fashion house, has recently faced a series of setbacks that culminated in its removal from the prestigious FTSE 100 stock market index. This significant development comes as a result of waning sales, management changes, and a general loss of favor among consumers. With a 15-year run in the FTSE 100
Back in 1916, newspapers across the country celebrated the world’s first billionaire, John D. Rockefeller of Standard Oil. The announcement marked a wealth milestone that was once thought to be unreachable. The concept of achieving billionaire status was groundbreaking at the time, with Rockefeller’s soaring share price making headlines. Fast forward to present day, and
Sports team owners are currently facing a unique set of challenges as team values continue to soar and the average age of owners increases. The pressure to navigate through tax implications and ensure a smooth ownership transition to the next generation is becoming more prevalent in the sports industry. In the National Football League (NFL),
The world has witnessed a staggering 95% increase in the population of crypto millionaires over the past year. Recent reports from New World Wealth and Henley & Partners indicate that there are now 172,300 individuals globally holding more than $1 million in crypto assets, a significant jump from the previous year’s count of 88,200. This
The annual Monterey Car Week auction sales have experienced a 3% decline from the previous year, indicating a shift from older classic cars to newer models. This shift has resulted in a surplus of unsold classic cars from the 1950s and 1960s. Total sales at the five car auctioneers in Monterey, including RM Sotheby’s, Broad