Canada lost about 2,000 wealthy clients between 2010 and 2011. So how do you keep the ones you have?
August was a month of extreme volatility, largely blamed on the S&P downgrade of U.S. long-term debt. While that move triggered panic selling among most retail investors, the wealthy stood out, taking a steady and balanced approach, according to a study conducted by PriceMetrix.
Advisors often wonder where they can find wealthy clients. It turns out, they’re all hanging out on social media, with rich investors spending an average of 9 hours per week on their phones, 12 hours on their tablets and 22 hours on computers.
Luxury cars and cozy cottages build a formidable illusion of wealth, but these hallmarks of conspicuous consumption don’t always add up to high net worth. This harsh reality jolts many possession-rich folks when advisors tally assets against liabilities, and reach grim conclusions.
Wealthy investors are worried about their retirement plans, revealed a new study by consulting firm Spectrem Group. The firm, which specializes in the affluent and retirement markets, found that more than two-thirds of the mass affluent—those with investable assets between $100,000 and $1 million—admit they’re concerned about having enough money set aside for retirement, up […]
In August, Warren Buffett challenged the U.S. government with his claim that the rich, himself included, “have been coddled long enough by a billionaire-friendly Congress.”
RBC Wealth Management has announced it will acquire the Latin American, Caribbean and African private banking business of Coutts, the wealth division of Royal Bank of Scotland Group. The business has client assets in excess of US$2 billion.
The U.S. investment reporting rules just got a whole lot more stringent. The IRS has been relentless in going after U.S. citizens owning foreign assets.
Northwood Family Office has been recognized as the premier Canadian family office service provider by the Euromoney Private Banking and Wealth Management Survey, one of the leading global benchmarks for the industry. First published in 2004, the survey uses a peer ranking methodology.
When new money finds old masterpieces the result is historic financial performance. As an atypical asset class, art has been steadily growing as a preferred haven for wealthy investors shunning wild swings in stock markets.