- Talent war between family offices and Wall Street drives up salarieson May 3, 2024 at 3:46 pm
Wealthy families are spending an average of $3 million to run their family offices, according to a J.P. Morgan Private report, and the biggest cost is staffing.
- Family offices are looking beyond the stock market for higher returns, new report findson May 1, 2024 at 7:12 pm
Unlike stocks, alternatives such as private equity and private companies have more gradual valuation changes, smoothing out volatility.
- The new class war: A wealth gap between millennialson April 26, 2024 at 8:47 pm
The surge in wealth among millennial heirs is creating new markets for wealth-management firms, luxury companies, travel firms and real estate brokers.
- Kering shares sink 9% after profit warning on declining Gucci saleson April 24, 2024 at 5:27 pm
Shares of French luxury group Kering sank more than 9% Wednesday after the company warned it expects a sharp downturn in first-half profits as demand for its Gucci brand continues to wane.
- Luxury real estate prices just hit an all-time recordon April 22, 2024 at 6:44 pm
Luxury real estate sales increased more than 2%, posting their best year-over-year gains in three years, according to Redfin.
- Meet the private doctor to the wealthy — at $40,000 a yearon April 22, 2024 at 6:26 pm
The rise of family office-style medical practices reflects the surge in wealth and growing demand for hyper-personalized, data-driven health care.
- Here's where the world's top 0.001% are putting their money, according to wealth expertson April 22, 2024 at 6:25 pm
There are about 28,420 centimillionaires globally, largely concentrated in New York City, the Bay Area, Los Angeles, London and Beijing.