Wealth

A seismic shift is about to take place in the world of wealth management. Predictably dubbed the greatest wealth transfer in history, an estimated $100 trillion will transition from older generations—primarily Baby Boomers—to their heirs, generally comprising Millennials and Generation Z. Various reports suggest that a staggering 81% of these young inheritors are eyeing new
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In an era dominated by rapid technological change and socio-economic upheaval, it’s fascinating how the affluent navigate their summer reading list as a blend of leisure and introspection. JPMorgan’s recently released summer reading guide has unwittingly become a mirror reflecting the ambitions and anxieties of the wealthiest among us. With titles focusing on happiness, artificial
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As the world grapples with economic uncertainty, a stark divide continues to emerge: while the majority tighten their belts, the ultra-wealthy are still indulging in lavish displays of affluence. Ornate diamond rings and exclusive gemstone necklaces are no longer just adornments; they’re symbols of status that survive economic downturns. This obsession with high-end jewelry, notably
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Burberry, an iconic name in luxury fashion, is grappling with a plethora of challenges as they embark on a bold, yet troubling, organizational overhaul. Announced recently, the company disclosed a plan that could potentially alter the fate of around 1,700 employees globally in a bid to slash costs and stabilize its wavering sales figures. This
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In 2024, the prospect of revitalizing the IRS with a projected budget increase of $80 billion sparked hope for enhanced tax compliance among high-net-worth individuals. The agency sought to recruit a new generation of young, technologically adept accountants and engineers like Wesley Stanovsek, whose expertise in complex financial instruments promised to untangle the labyrinth of
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