Talent war between family offices and Wall Street drives up salaries
Wealthy families are spending an average of $3 million to run their family offices, according to a J.P. Morgan Private report, and the biggest cost...
Family offices are looking beyond the stock market for higher returns, new report finds
Unlike stocks, alternatives such as private equity and private companies have more gradual valuation changes, smoothing out volatility.
The new class war: A wealth gap between millennials
The surge in wealth among millennial heirs is creating new markets for wealth-management firms, luxury companies, travel firms and real estate brokers.
Kering shares sink 9% after profit warning on declining Gucci sales
Shares of French luxury group Kering sunk more than 9% Wednesday after the company warned that it expects a sharp downturn in first-half profits as demand for...
Luxury real estate prices just hit an all-time record
Luxury real estate sales increased more than 2%, posting their best year-over-year gains in three years, according to Redfin.
Meet the private doctor to the wealthy — at $40,000 a year
The rise of family office-style medical practices reflects the surge in wealth and growing demand for hyper-personalized, data-driven health care.
Here’s where the world’s top 0.001% are putting their money, according to wealth experts
There are about 28,420 centimillionaires globally, largely concentrated in New York City, the Bay Area, Los Angeles, London and Beijing.
Superyacht sales plunge as wait times rise, Russian oligarchs drop out of the market
Sales of superyachts took a dive in 2023, as long waiting lists, soaring costs and Russian oligarch sanctions hit demand.
State tax officials are using AI to go after wealthy payers
New York state is sending out AI-generated letters looking for tax revenue, many of them focused on remote work or a change in tax residency.