High net worth

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.

“The stocks that I hadn’t heard of three months ago all of a sudden are the most active — that’s not where investors go, that’s where traders might go or hobbyists might go,” says a private wealth advisor at UBS.

About 6% of the country’s family offices have more than $5 billion of assets under management, while roughly a third control $500 million or less.

Major donor-advised fund providers said they’re using webinars, podcasts, social media and emails to nudge clients to give.