Whether you’re looking for a net-new wealth management platform, or looking to make a change, customer satisfaction should always be a top priority. It’s important to make sure your wealth management platform provider can deliver both the technology and the service that you need.
Projections of the value of the personal assets set to change hands during the so-called Great Wealth Transfer have risen from US $129 trillion from $72 trillion. More significantly, or perhaps alarmingly, are expectations that up to 88% of heirs to this wealth will fire or replace their parents’ financial advisors. How can you position yourself to keep serving the next generation of their clients? Read on for our top three recommendations.
In Germany, several prestigious private membership clubs have been part of the business landscape for decades. These clubs have become legendary in their own right, providing platforms for influential figures to make speeches, initiate business deals and cultivate valuable relationships. In this article, we enter the world of Germany's exclusive business clubs and evaluate their importance in today's business environment.
As digitalisation reshapes the global economy, a trend of so-called crypto philanthropy has emerged. Involving cryptocurrencies such as Bitcoin and Ethereum, this innovative concept provides a borderless and bureaucracy-free alternative to traditional philanthropy and is poised to take on a powerful role in charitable giving.
Asian business founders and wealth owners are ageing, and more of them than ever are transferring their assets to younger family members in what has been dubbed the Great Asian Wealth Transfer. This trend is setting the stage for private wealth management advisers and banks to shine through comprehensive estate and legacy planning.
With a net worth of $2.7 billion, Bom Kim has become a prominent figure in South Korea's business landscape. His journey from scrappy entrepreneur to head of a multi-billion dollar company is not only inspiring but also representative of a new wave of self-made wealth in the country. In this article, we profile the accomplishments and leadership of Coupang's visionary CEO.
One of our greatest strengths is the ability to communicate with one another. On the other hand, it can spark fights and disputes. Poor or nonexistent communication can cause a lot of issues even inside families. These issues usually arise not because of inheritance but because of the revelation of deeper, unresolved concerns.
Private members' clubs have long been a symbol of prestige and exclusivity for high-net-worth individuals. These clubs offer a sanctuary from the pressures of everyday life, providing a space for networking, relaxation and indulgence. In this article, we explore some of the most elite private members' clubs around. From New York City to Monaco, these clubs offer unparalleled experiences and opportunities for their members.
Prenuptial agreements have long been considered a taboo subject, often associated with a lack of trust in a relationship. However, the perception of prenups is shifting, particularly in Asia, where more couples are recognizing the benefits of openly discussing financial matters and planning for the future. In this article, we will explore the changing landscape of prenuptial agreements in China, examine the reasons behind their increasing popularity.
Communication is a human thing, and it is where our strength lies. Still, it is also a source of conflict and struggle. Even within families, lack of communication or bad communication is a source of many problems. Not inheritance is often the cause of these problems, but the moment that deeper, unresolved conflicts are exposed.
The UBS Billionaire Ambitions Report 2023 highlights a significant shift in which billionaires have crossed the line where inheritance outpaces entrepreneurship in wealth accumulation.
In the ever-changing world of financial management, digital wealth management has grown as a critical tool for private individuals. It makes use of technology to deliver a comprehensive, real-time view of a person's financial portfolio.
Bill Gates pledged to give “virtually all” of his wealth away. The outdoor industry businessman and Patagonia founder, Yvon Chouinard, decided to donate his entire company to fight climate change. It is evident that the views of inherited wealth have changed. Baby boomers are the generation that has accumulated a greater percentage of wealth than any other generation ever has. What will the transfer of wealth worth more than USD 68 trillion globally look like?
While IQ is often considered a key determinant of success, Emotional Quotient (EQ) plays a more critical role in building wealth and achieving financial success. The ability to build strong relationships, make effective decisions, demonstrate resilience, and engage in continuous self-improvement are all facets of emotional intelligence that are essential on the path to financial success.
Wealthy individuals are influential players in various sectors, including finance, philanthropy, politics, and business, and their decisions and activities can significantly impact local and global economies.
There were good times in the mid-1990s in Ireland, with a property boom. However, after a banking industry crash that resulted in the recession and austerity measures, strong economic growth is boosting prosperity. Dublin has to establish a sovereign wealth fund to deal with budget surpluses expected to hit 65 billion euros between now and 2025.
The word "mancession" has come up a lot in economic conversations lately, especially after the Great Recession. Mark Perry, an economist at the University of Michigan, came up with the term to describe a trend in which economic downturns affect male employment more than female employment. Economists and policymakers are interested in and debating this idea, which adds a gendered viewpoint to the study of economic downturns.
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Whether you’re looking for a net-new wealth management platform, or looking to make a change, customer satisfaction should always be a top priority. It’s important to make sure your wealth management platform provider can deliver both the technology and the service that you need.
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.
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Profitable direct ownership of property often requires overcoming complexity not typically associated with traditional asset classes. This article outlines the two primary sources of this complexity and suggests how to best address it using a digital wealth platform with features supporting smart real estate investing.
