Resource Search

Wealth management firms and banks must transform their client reporting systems to satisfy investment and web-savvy clients. That's according to a report on next-generation wealth management from Actuate Corp. and IBM Corp. The report examines the growth of the market and outlines some of the challenges confronting wealth managers.

Affluent Gen X households have markedly different attitudes about finances than other affluent families, investing more aggressively and owning more managed future funds, exchange-traded funds and socially responsible funds. This is according to Northern Trust's annual Wealth in America study, which examines topics for all age groups, such as asset allocation, investment strategy, philanthropy and retirement.

International Financial Services London offers its take on the international market for private wealth in a report titled "International Private Wealth Management 2007." IFSL analyzes the size, structure and key developments for the market of individuals with at least $1 million in investable assets.

This paper tackles 3 key questions in relation to UHNWIs: What is the economic contribution of Non Doms to the UK? How likely are they to respond negatively to tax reform, and what are their options; Finally, how fair is it for the rest of society that ultra high net worths don't pay their fair share of tax, and yet they benefit from the privileges and protections often not available in their countries of domicile.

In the fourth such report in conjunction with the EIU, Barclays examine the true value of wealth and the choices wealthy individuals make in seeking to enjoy it. The report also considers how luxury brands are responding to the changing requirements and expectations of an ever expanding customer base for whom time in particular is becoming an increasingly precious commodity.

This press release reports on the pre-crisis boom for some of the world's leading private banks whose asset growth was driven by net new money and the seemingly inexorable rise of global equity markets.

Profile of the Brumley family.

Philanthropy is and was, for the Brumley family bone deep. When the Brumleys addressed a complex philanthropic problem, they invested every form of capital available to them; a considerable treasure and commitment. The Brumleys were committed to total engagement in all that they did together.

Cousins Michael, Richard and David Horvitz told the story of their family, the birth and evolution of their individual family offices and their differing approaches to investing family assets. They also spoke of the challenges of transitioning from a trustee's office to a sibling's office and the lessons they learned along the way.

In our 1st Quarter 1991 newsletter, FOX interviewed the Laird Norton family office, which at that time had become a Private Trust Company and had been serving outside clients for several years. Now a firmly established Multifamily Office, Larid Norton discusses how their firm has evolved.