High net worth

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.

The central bank’s own data show that slightly more than half of U.S. households own stocks. But that doesn’t come close to telling the whole story.

Advisor Zaneilia Harris has come to a bleak conclusion.

Nicole Pullen Ross also heads an initiative to handle wealth management for athletes and entertainers.

With many clients already home from work because of the pandemic, advisors are being asked why not now? For most, even the wealthy, the answer is clear.

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.