Whether they be entertainers, athletes or lottery winners, those who become suddenly rich can lose their wealth just as quickly.
“The hope that my kids will take care of me or that I will die early is not a strategy,” says SSGA exec.
The rising cost of labor and cheap collaborative tools have led to a demand for outsourced advisor services.
Advisors who might have worried about returns can be assured that ESG funds perform just as well as others.
There’s an increased push to make advisor websites stunning and smart-phone compatible.
Helping clients navigate the complexity of private home care for the elderly can be a value-add service for advisors.
Despite the long-term-care insurance sales decline, top insurers report sales growth.
Advisory firms bemoan administrative headaches of Affordable Care Act.
Space tourism is still years away, but rich clients are putting down big bucks to reserve a seat.
Private jet travelers are trying to keep a low profile to avoid negative publicity, industry officials say.