High net worth individuals (HNWIs) are those who have at least $1 million in easily convertible assets like cash, stocks, and bonds. They often manage significant wealth across diverse portfolios. As per Empower’s financial dashboard, retirement accounts such as 401(k) plans and IRAs comprise 55% of total wealth for many HNWIs. This is a stark contrast to the median household. Pew Research Center reports that these accounts typically represent only 27% of the net worth of households where at lea
The hedge fund trader stands accused of misleading banks and manipulating prices through huge, shadowy stock buys, but he argues he did nothing illegal
CEOWORLD magazine has recently published its 2024 Most Powerful Women List, which celebrates women who have made significant contributions to the world. These women belong to diverse fields such as politics, business, finance, banking, and technology. They possess unique strengths, ranging from their ability to reform policies and laws to their excellence in business and […]
In 2023, the highest-paid CEO was Hock Tan, the CEO of the chipmaker Broadcom. He received a total compensation of $161.8 million. Although some other high-wattage CEOs like Tim Cook of Apple, who is ranked 6th with a compensation of $63.2 million, or Satya Nadella, the CEO of Microsoft, ranked 9th with a total compensation […]
There were some interesting figures obtained by wealth managers Quilter under a Freedom of Information request to the Office of the Public Guardian (OPG) in relation to Lasting Powers of Attorney (LPA), not least that roughly 20,000 applications are rejected each year due to mistakes and it takes...
Financial crimes such as money laundering remain prevalent both in the U.S. and globally. In fact, global enforcement actions for such crimes increased by more than 50% from 2021 to 2022.In 2021, Congress passed the Corporate Transparency Act (CTA) to fight these crimes and prevent terrorist...
While the purposes of any single family office can range from managing the family assets to overseeing an expanding set of other important wealth and family matters, they are at their core businesses striving for excellence, just like any other enterprise.The significant expansion of services...
When it comes to the number of resident millionaires with liquid investable wealth of USD 1 million or more, the US leads the pack, with 11 cities in the Top 50, including New York City, which holds firmly onto 1st place in the 2024 World’s Wealthiest Cities Report, published annually by international wealth migration specialists Henley & Partners in collaboration with global data intelligence firm New World Wealth.
Featuring exclusive data highlighting the world’s 50 wealthiest cities and accompanied by insights from leading academic and industry experts, this informative digital report is a must-read for all followers of private wealth and wealth migration trends — from high-net-worth investors and their advisors, to industry professionals, and policy makers looking to turn their cities into the wealth magnets of tomorrow.
Enzo is the CEO of Lugen Family Office, CEO of Medici Family Office, a best selling author, and a social entrepreneur. Enzo is the most trusted Consigliere to several UHNW families and a sought after speaker.
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