Article by Russ Prince Asia is producing a great number of new super-rich families (net worth = $500 million or more). At the same time, those families new and older are establishing single-family offices. With respect to established ultra-wealthy families, the children or grandchildren of the wealth creators, depending on when the family fortunes were initially founded, are [...]
Article by Russ Prince More than 30% of financial advisors currently have some sort of joint venture arrangements. This is according to a study of 803 financial advisors. From the perspective of the three types of business models, 45% of multi-family offices, 40% of wealth managers, and slightly more than a quarter of the financial advisors have [...]
While the ranks of the super-rich, people with a net worth of $500 million or more, is dominated by men, women are joining this cohort at a proportionately greater pace. The Forbes 2017 Billionaires List, the biggest and fastest growing ranking since the initiative began three decades ago, included 227 females and 56 of them [...]