#wealth-management

#wealth-management

HSBC's Pulse Check survey showed that nearly 68% of local customers expect no change or improvement in their wealth position by year-end, despite global uncertainties.

For the third year running, Singapore ranked as the world's most expensive city for high-net-worth individuals, according to the latest Global Wealth and Lifestyle Report from Julius Baer Group.

A trust is a legal arrangement where assets are managed by a trustee for the benefit of a beneficiary. They are popular estate planning tools to ensure financial security, control asset distribution, and potentially reduce taxes.

My youngest brother received a sizable compensation of around €40,000 after a playground accident but now faces financial instability after excessive spending.

Currently, affluent buyers are prioritizing strategic decision-making like affordability and long-term value, marking a shift toward what is termed 'smart luxury' in real estate.

Rachel Reeves, after a backlash from wealthy individuals following the introduction of new inheritance tax regulations, is reportedly considering modifying changes affecting non-domiciled statuses and taxing worldwide assets.

Gen AI systems trained on large language models like GPT-4 are enhancing customer interaction by resolving complex queries and providing human-like conversations.

Donor-advised funds, or DAFs, are accounts where donors can contribute funds, immediately get a tax deduction, and 'advise' on where to donate - and they are becoming increasingly popular.

This year's selections focused around the power of curiosity, reflecting on a transformation standpoint that resonates with the wealth management goals of our clients.

A reverse mortgage is often misunderstood as a last resort for financially destitute seniors. However, that perception is far from accurate, said George Vrban.

Equity release schemes enable homeowners aged 55 and over to access property wealth without selling, but understanding implications and drawbacks is essential before proceeding.

Nicolas Cage lost much of his fortune through extravagant purchases, including an octopus and a dinosaur skull, eventually owing the IRS $6.3 million.

The Redditor's financial breakdown reveals a solid foundation for early retirement, with his brokerage account yielding over $276,000 annually, sufficient to cover family expenses.

Richard Gnodde's move to Italy marks a troubling trend for the UK as it faces a decline in its status as a hub for wealthy individuals.

Wealthy parents must have the right boundaries and set of expectations in place to prevent fostering the wrong traits and an unhealthy relationship with money.

Many childfree individuals are saving excessively due to traditional financial norms that assume all individuals have children, resulting in misguided financial advice.

Over 4 Million Americans set to retire this year. If you're one, don't leave your future to chance. Speak with an advisor and learn if you're ahead, or behind on your goals.