by
Kathy Lynch
Citi Private Bank has hired a new director for its Miami office.
by
Karen DeMasters
Infrastructure projects such as energy facilities are
among the investments high-net-worth families should now be focusing on, according to
six leading family offices.
by Ellie Winninghoff
The pioneering Coastal Enterprises Inc., which is building Maine's local economy from the ground-up, specializes in food, fish and forests.
In January 1999, a
trust set up by Mitt Romney for his children and grandchildren reaped a
1,000 percent return on the sale of shares in an Internet advertising firm.
Africa may have as many as 200 "hidden" billionaires operating in the
unofficial economy who will seek to legitimize their wealth in the future,
investor Mark Mobius said.
by
Karen DeMasters
A majority of families wealthy enough to have their own financial
offices may have estate plans that are sorely out of date, according to a
survey by Rothstein Kass.
A bronze figure of a six-headed Tibetan deity that belonged to Brooke
Astor and was expected to sell for $2,500 to $3,500 went for $134,500
yesterday at Sotheby's.
More high-net-worth individuals are seeking to buy gold to protect their
wealth from the risk of rising inflation after central banks boosted
stimulus, according to Deutsche Bank AG.
by
Karen DeMasters
The population of ultra-high-net-worth individuals will grow by
3.9% a year over the next five years, with Latin America and Africa the leading gainers, according to a new report.
More people in Asia became millionaires last year as the region's
economic growth and entrepreneurship helped generate affluence,
according to a report by RBC Wealth Management and Capgemini SA.
Marc Leder, whose $3 million Florida home was where Mitt Romney said almost half of Americans feel
entitled to government aid, made his fortune buying broken companies.
by Leila B. Boulton
A recent meeting of social investors and impact fund managers in Colorado explored some of the reasons why mainstream investors hesitate to invest in impact funds.
by
Karen DeMasters
The majority of the ultra wealthy rely on their financial advisors for
advice, but a majority also take an active role in handling their own
investments, according to Spectrem Group.
Philanthropist Brooke Astor's lacquered Japanese cabinets, Louis XV
clocks and porcelain tea sets are heading to the auction block at
Sotheby's on Sept. 24 and 25.
For the past six
years, Elaine Tettemer Marshall, the fourth-richest woman in the U.S.,
has avoided the spotlight that ordinarily accompanies great wealth.
by
Kathy Lynch
Rockefeller & Co.'s appointment of Raymond Wareham as managing director and senior client advisor is among a number of personnel changes the past week.
Bank of New York Mellon Corp. said it's helping clients pull cash from
Denmark and Switzerland as the central banks take measures to stem
appreciating currencies.
by
Jim McConville
More than half of millionaire investors have not introduced their
financial advisors to their his families, but the reasons for not doing
so vary, says a new study.
by Caren Chesler
More and more couples are signing postnuptial agreements, as they face the fact that divorce is a possibility and it's smarter to plan ahead, according to a new survey.
by
Karen DeMasters
The public markets will to continue to be turbulent
for at least the next three to five years, increasing the importance of alternative investments, private wealth managers say in a new survey.
