Millennials and Gen Zers, born roughly between the early 1980s and mid-2010s, are not only the largest demographic groups but are also driving significant changes in consumer behaviour, work trends, and investment preferences. Here we explore the potential impact of these generations on the economy, delving into their characteristics, preferences, and the emerging trends that are shaping the financial world.
As the new year unfolds, the business landscape is poised for significant transformation. The upcoming megatrends of 2024 promise to redefine industries, reshape strategies, and create both challenges and opportunities for companies worldwide. Let's delve into the five most important ones to watch this year.
The next 10–20 years represent a momentous opportunity for the younger generation. Known as the "Great Wealth Transfer," a massive amount of financial wealth will be transferred from the Baby Boomer generation to Millennials and Gen Z, collectively known as Zennials. This intergenerational transfer will not only impact the economy but will also have a ripple effect on technology and culture.
Excitement around cryptocurrencies has surged over recent years, sometimes dominating financial headlines and discussions. Where did it all start? This article aims to provide an overview of cryptocurrencies' history and what it may be saying about their future.
Economic growth due to demographic changes is a unique opportunity for the demographic dividend. The population in the Middle East and North Africa region is expected to double in size within the next twenty years. With the right investments and opportunities, young people can build a stable future in their countries.
Non-fungible tokens (NFTs) create a unique place in the digital asset space by combining rarity and authenticity. They function as digital certificates of authenticity by representing ownership of unique goods on the blockchain. Individuals with ultra-high net worth (UHNWIs) and high net worth (HNWIs) are increasingly interested in this emerging asset class in an ever-changing global financial landscape.
The economic landscape of live music has long been a subject of intrigue and analysis. In recent years, the rise of pop superstar Taylor Swift has shed new light on the industry and its impact on the broader economy. Dubbed "Swiftonomics," this phenomenon explores the intersection of music, consumer spending, and market dynamics.
The Middle East has embarked on the creation of sustainable projects. The ESG projects (environmental, social, and government impact) highlight the commitment of the government and businesses towards transitioning towards a sustainable energy mix as well as a sustainable economy.
While much of Europe and the US are struggling with stagnant economic growth, it’s a different story in Africa. The International Monetary Fund is forecasting GDP growth of 4% on the continent.
Las Vegas. The city of bright lights and even brighter dreams. A place where extravagant architecture, iconic landmarks and casinos reign supreme.
Only three out of ten adults in the USA are able to correctly name all six uses of artificial intelligence (AI) asked for in the survey. This is the result of the study conducted at the beginning of 2023 by the Pew Research Center, which deals with opinion polls and demographic research.
The vehicle battery is a linchpin in the fight against climate change. The global shift to electromobility shows the importance of raw materials that have not yet been mined in large quantities. Lithium, in particular, is the subject of debate.
In an era marked by rapid advancements and unprecedented global changes, the Innovation & Technology (I&T) sectors are transforming more than just economies—they are altering the very fabric of our societies. From biotechnology breakthroughs to the rise of artificial intelligence, these sectors are creating investment avenues that didn't exist a decade ago. For Ultra High Net Worth Individuals (UHNWIs) and High Net Worth Individuals (HNWIs), these developments pose opportunities and challenges that are impossible to ignore.
If systems like GPT and ChatGPT can deliver on the features promised by their makers, they might have a substantial influence on the employment market, according to a group of Goldman Sachs analysts in a research paper shared with CNET recently. This trend may be recognised, notably in the United States. But, can Articial Intelligence (AI) actually endanger jobs?
Since the beginning of the Corona pandemic, the richest people in the world have become even richer, according to the Oxfam organisation. The wealth of billionaires has increased by 42 percent. At the same time, more than a quarter of a billion people worldwide are at risk of falling into extreme poverty this year. This is the conclusion of the Oxfam organisation in its report evaluating the state in 2022.
Private household wealth has declined for the first time since the financial crisis. Dollar appreciation, inflation, and stock market declines over the past year all had a role in setting the stage for this. This is the finding of the Credit Suisse Research Institute's first-ever presentation as a part of UBS of what is likely the most thorough research of global wealth creation.
The convergence of blockchain technology, cryptoassets, and virtual reality is ushering in a new era known as the metaverse. This futuristic concept is rapidly transforming the way we live, work, and interact. As big tech companies, vanguard brands, international banks, and even sovereign states invest in the metaverse, it's clear that this digital frontier is poised to reshape our world. The journey into the metaverse has just begun, and the possibilities are boundless.
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If you’re using Excel spreadsheets for wealth management, you may have wondered about the value of
a wealth management platform, and at what point it makes sense to investigate the options.
As a wealth manager, do your clients take your advice entirely at face value? If not, they probably have good reasons. After all, they most likely became wealthy by thinking analytically. You should not expect them to stop that analysis just because you are providing the answers. Fortunately, their difficult questions can hold immense value for both you and them. A sophisticated digital wealth platform can help you extract and unlock that value.
In today’s increasingly digitalised financial landscape, all forward-thinking wealth professionals face a shared set of challenges in consolidating, analysing, and visualising data as they monitor investments. For family officers in particular, these challenges involve three specific challenges. Here we suggest how you can successfully address them.
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In today's fast-paced world, wealth and asset management has become increasingly complex and time-consuming for private individuals. The more bank relationships you have and the more diverse your individual portfolio, the harder everything becomes to manage — especially if you’re trying to do it manually. Advanced wealth management platforms like Altoo are helping people like you manage their financial portfolios across banks in near real time through the power of bank connectivity.
