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Rich Travelers Prefer Personal Touch


Rich Travelers Prefer Personal Touch Many wealthy individuals still prefer to use travel agents, even amidst the advent of sophisticated online travel sites and mobile apps that make...

Saudi Arabia Looks To Become Tourism Mecca


Saudi Arabia—with an eye toward becoming one of the world’s premier tourist destinations—may begin offering tourist visas.

Trumponomics Outlook Full Of ‘What Ifs’


The economy could thrive or stall depending on how Trump's policies play out, Wilmington Trust analysts say.

Estate Planners Stumped By Trump


Channeling Donald Trump has become a national pastime, and for estate planners it is particularly tricky.

Nonprofits Are Seeking Profits


More than $545 million has been invested by NGOs into businesses run by social entrepreneurs, according to the report.

More Tortoise Than Hare In U.S. Wealthy

by ,

The wealthy are a diverse group of people who nevertheless have a lot in common, according to the survey of 684 people with at least $3 million in investable assets.

New Bank Of The West Unit Will Serve Ultra-Wealthy


New Bank Of The West Unit Will Serve Ultra-Rich Ultra-high-net-worth families and individuals, foundations and family offices have a new resource in Bank of the West Wealth Management Group,...

Trump Puts ‘Hedge Fund Guys’ On Notice


For a moment there, Donald Trump was starting to sound a lot like Bernie Sanders.

Kids A Top Worry Of Rich Families, Survey Says


Today’s ultra-wealthy are predominantly self-made innovators with strong values about health, education and philanthropy, but they’re worried about whether their kids will become good stewards,...

U.S. Economy Back In The Lead, Analysts Say


The U.S. economy will strengthen, and inflation will remain low in 2015, keeping yields and returns of fixed-income investments relatively modest, according to Wilmington Trust.

Paulson’s Advantage Fund Falls 36% In 2014

by PW Staff

Billionaire John Paulson posted the second-worst trading year of his career in 2014 as a wrong-way energy bet added to declines tied to a failed merger and investments in Fannie Mae and Freddie Mac.

PE Investors See Growth In Marijuana

by Juliette Fairley

Privateer Holdings raised $7 million in Series A capital last year and has officially launched Series B financing to raise $50 million.

U.S. On Low End Of World’s Estate Taxes

by PW Staff

The United States has among the lowest estate and inheritance taxes compared with other developed and emerging countries, according to a recent analysis by UHY International.

Fidelity Private Wealth Shutdown Puzzles Analysts

by Joseph R. Perone

Fidelity’s decision to consolidate its Private Wealth Management unit into two other divisions is a curious move at a time when competitors are touting their stand-alone operations.

Music Royalty Funds Charm Investors

by Anthony Greco

“Seventy percent of the [music] royalties we earn are from outside the U.S. If you think about a country that 10 years ago maybe had 10 TV stations, today it may have 100.”

Luxury Tower Touts ‘Sky Garages’

by PW Staff

“What we really tried to do is create a home in the sky, and that includes a garage,” said Gil Dezer, president of Dezer Development, with offices in New York City and South Florida.

Mayo Clinic Targets Ultra-Wealthy


The Mayo Clinic, one of the nation’s most prominent hospitals, is starting to flex its muscle in the field of medical concierge services for the wealthy.

Branson Joins Buffett’s Charitable Pledge

The first billionaires from outside the U.S...

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