In the ever-changing landscape of wealth management, family offices have emerged as significant players in private investment markets. Traditionally reliant on private equity funds, a recent survey reveals a notable transformation: a growing number of family offices are choosing to invest directly in private firms. This change in strategy illustrates not only an evolving confidence
Wealth
As the U.S. approaches another election cycle, an observable trend is developing among high-net-worth individuals: an increasing number are considering relocating abroad. The instability in the political climate, coupled with social concerns, has sparked a surge in inquiries for passports and residency solutions among affluent Americans. This growing sentiment reflects not just fleeting worries but
In recent years, a significant transformation has occurred in the domain of philanthropy, particularly among younger generations. Wealthy millennials and members of Generation Z are moving beyond traditional notions of charitable giving, embracing a more engaged and activist stance towards philanthropy. A study conducted by Bank of America Private Bank underscores this shift, revealing that