High net worth

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.