High net worth

The wealthiest clients require teams of professionals leveraging the highest touch service with a global reach, Markus Lammer, COO of Credit Suisse’s UHNW business in the U.S., explains in an episode of Financial Planning’s Invest Podcast.

Despite recent upheaval, some clients will still be shocked their portfolios have shown declines.

With return targets growing ever more elusive, many investors are willing to take their chances with private debt and equity.

For clients fortunate enough to not need them, minimum distributions are not required this year in most — if not all — cases.

Equities have rallied more than 20% from March lows, but remain well below 2020 highs.

The percentage of workers who say they are ready to retire has dropped by more than 5% in last month, a survey found.

The global pandemic has flipped the market upside down, turning the industry’s most-valued customers into risky bets.

Deposits increased by almost $30 billion in March alone, with clients shifting out of equities and into cash.

The firm sees "light at the end of the tunnel," says Silvia Ardagna, managing director in the investment strategy group within the firm's private wealth management unit.

The biggest challenge for serving ultrahigh-net-worth clients in the future will be grasping and attending to their specific needs, consultant Jamie McLaughlin says in an episode of Financial Planning’s Invest Podcast.

The Internal Revenue Service is postponing the date for filing gift tax and generation-skipping transfer tax returns and making payments until July 15 because of the novel coronavirus pandemic.

The rout in Asian equity markets this year has not been for the faint-hearted.

The problem was from a bug related to an external software provider.

The world’s 500 richest people have lost almost $1.3 trillion since the start of the year.

Many advisors aspire to serve the coveted group without really understanding their needs, wealth management marketing entrepreneur April Rudin says in an episode of Financial Planning’s Invest Podcast.

A time to buy or a warning to avoid timing markets?

The agency will send several dozens agents to make at least 800 face-to-face visits in February and March of this year.

The expansion is likely to come at the end of 2020 or early next year, and will focus initially on higher-net-worth customers.