New report finds that total billionaire wealth dropped to US$5.1 trillion and average billionaire wealth fell to US$3.7 billion last year
Research found that there's lots of room for advisors to grow their business among high net-worth consumers
Private pools and income funds focus on financial needs pre- and post-retirement
As growth of HNW assets slows, wealth managers must deliver visible value, digital tools, says annual Capgemini report
One recommendation is that firms should look to partner with fintech companies already in the market that can help them to catch up to today’s technology
After the traditional tax-minimization strategies have been used, you can recommend more sophisticated approaches, such as insurance and charitable-giving strategies, to preserve clients' wealth
Big assets don’t always mean profitability for advisors
Make yourself referable and network with professionals who serve this market
High net-worth clients often own their own businesses or are key, very highly paid employees who are crucial to the success of a company. This is first article in a two-part series on helping these clients shelter more income from taxes
The program is targeted at clients who hold a minimum of $100,000 in certain mutual fund series and who purchased those investments with a front-end sales charge option