Despite more effective work execution, wealth creators are less confident in their ability to make money this year, and are therefore much less willing to spend their laborious earnings, according to a recent survey by Scorpio Partnership.
Single-family offices are delving into the world of safety and security as a way to protect their family and its wealth with many turning in-house to provide such services, according to a recent Rothstein Kass study coined Safe & Sound: How Single-Family Offices Are Addressing Family Security.
Second wave baby boomers appear to be in better shape than their elder counterparts regarding their retirement plans, according to a new report titled “Boomers Hitting Retirement with Fewer Assets in Hand. ”
Wealth management firms and high-net-worth brokerage shops are currently dealing with the dilemma of servicing small households—the challenge for advisors to work for smaller households without hurting their long-term production and books of business.