What Advisors are Missing About Rich Clients
Only one-third of wealthy clients say their advisors are talking with them about planning for longevity risk, according to a new U.S. Trust study.
More in High-Net-Worth
Fewer than 14,000 American households received 5.6% of adjusted gross income in 2012, according to data released by the IRS that underscore the increasing concentration of income. more »
Rose Cohen will join Citi in August as managing director and ultrahigh-net-worth team lead in Washington, D.C. more »
The ranks of the ultrawealthy are graying, and many are trying to figure out what their legacy will be. more »
The rapid rate of wealth creation by billionaire entrepreneurs will probably level off over the next two decades as economic growth slows in emerging markets and governments act against income inequality, a UBS study found. more »
By acquiring fintech companies Upside and Finance Logix, financial advisor platform and service provider Envestnet is betting that the best wealth management model combines human advisor-client relationships with the latest technology. more »
The wirehouse picked up the Blaustein Clancy Financial Group in New York. more »
Changes in both demographics and tax laws require a massive rethinking of estate planning strategies. Here are a few of the minefields that planners should avoid. more »
Switzerland's second biggest bank beat analysts' estimates, posting a pre-tax profit of 636 million francs, about $666 million, in the first quarter. more »
The U.S. House voted to repeal the 99-year-old U.S. estate tax amid a partisan clash over whether the government should break up concentrated wealth or make it easier to pass along assets to the next generation. more »
While these documents may seem routine, advisors should check whether clients need to revise existing provisions. Here's what to look for. more »
If you’re scared of an audit by the IRS, there’s less to fear these days. New data show that budget cuts at the IRS mean the agency is investigating fewer wealthy taxpayers. more »
The allegations, coming from two former clients of the recently dismissed advisor, demonstrate how a big producer could also become a big liability for firms, securities law experts say. more »
As growth in the region creates more millionaires, Citigroup is targeting a 10% increase in its Asian wealth assets under management this year. more »
11 Creative Ways Advisors Have Changed Their Fees
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