High net worth

Credit Suisse has discovered fraud at its international wealth management business, two years after it was criticized by a regulator in a similar case that rattled the bank and raised questions about controls.

Gifting embedded loss assets can avoid a step-down in basis and preserve capital losses. Here's how to go about it, under several scenarios.

Tax-rate arbitrage is one approach, but it’s far from the only one, according to contributor Michael Kitces.

Any tax increases on high-income individuals and corporations would be offset by massive spending packages targeted at accelerating the country’s recovery from the coronavirus, according to the firm.

Perceptions on relationships, health, and lifestyle have also changed.

The move follows efforts to reduce expenses in the company’s global wealth management business.

“They’re now realizing: Let’s actually get the contingency plan in place,” said Dominic Volek, head of sales at Henley & Partners, the world’s biggest citizenship and residency advisory firm.

Affluent investors are concerned about transparency, performance and value, according to a new report by Capgemini.

As much as $16 trillion of global wealth may be wiped away this year as a result of volatility and economic fallout from the pandemic.

The wirehouse says it wants to simplify pricing for separately managed accounts and expand client choice.