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On The Move


Citi Private Bank has hired a new director for its Miami office.

Infrastructure Projects Seen As New Investment Opportunity


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.

Investing In The Lobster Coast

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. 

Romney 'I Dig It' Trust Gives Heirs Triple Benefit

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 Up To 200 Hidden Billionaires

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.

Estate Plans Of Rich Families Out Of Date, Survey Says


A majority of families wealthy enough to have their own financial offices may have estate plans that are sorely out of date, according to a survey by Rothstein Kass.

Brooke Astor Sale Prices Soar First Day, $200 Box For $21,250

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.

Gold Seen Luring Wealthy As Central Bankers Expand Stimulus

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.

Latin America, Africa Poised For High UHNW Population Growth


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.

Asia's Millionaires Increase As Economic Growth Adds Wealth

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.

How Mark Leder Made His Fortune

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.

Impact Funds Overcome Doubts, Raise Money

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.

Ultra Wealthy Take Active Role In Investing


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.

Brooke Astor Dog Paintings, Tiepolo, Teapots Head To Sotheby's

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.

America's Fourth-Richest Woman Unveiled With Koch Stake

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.

On The Move


Rockefeller & Co.'s appointment of Raymond Wareham as managing director and senior client advisor is among a number of personnel changes the past week.

BNY Mellon Helps Clients Pull Cash From Denmark, Switzerland

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.

Many Advisors Outside Millionaire Family Circle, Study Says


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.

Postnuptial Agreements On Rise, Lawyers Say

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.

Wealth Managers Say Alternatives Rising In Importance


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.

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