Generational Wealth: 7 Reasons Boomers Aren’t Leaving Their Kids as Much as Expected
High-net-worth individuals from Warren Buffett and Bill Gates to Mark Zuckerburg have publicly stated they don’t plan to leave an inheritance to their children.
How Creating Financial Order Gives UHNW Clients A “Single Point Of Truth”
After rises to interest rates and other changes to the financial landscape, ultra-wealthy individuals and family offices must rethink how they invest and spend. They need to look at the whole “balance sheet.”
Aquilance has been named a winner in the tenth annual Family Wealth Report Awards for Best BillPay Solution
Aquilance, a leading provider of financial administration services for high-net-worth families, individuals, and family offices, has been selected as a winner in the 'Bill Pay' category at the Tenth Annual Family Wealth Report Awards 2023 program.
3 Lifestyle Changes for Clients Who Are New to Wealth
In some cases, families have remained wealthy for generations and have successfully been able to transfer their assets to children and grandchildren, who then carry the torch.
Ultra-Wealthy Families Make Big Money Mistakes Too
Many ultra-high-net-worth individuals and families take great pains to surround themselves with top-tier registered investment advisors, certified public accountants, tax attorneys and other advisors that range from prominent art dealers to high-end insurance agents.
I’m an Advisor to Wealthy Families: 7 Little Changes That’ll Make Your Money Last for Generations
You may have heard of the third-generation curse, which causes 90% of wealthy families to lose their money by the third generation. But some individuals manage to deplete their wealth even sooner, especially if they came into a lot of money quickly.
Avoidable Mistakes For The Suddenly Wealthy
It’s not unusual for Joe Farren and his team of financial experts to occasionally come across clients who have suddenly inherited a windfall and are not equipped to manage the influx of money.
Getting a bead on wealthy clients’ spending habits — and why it matters
It's a dilemma almost every high net worth financial advisor has faced — being blindsided by a client's big-ticket purchase so large that it limits their investable funds.
Shipping Billionaires Race To Invest Pandemic-Era Fortunes
Many of the fortunes forged during the pandemic have long since crumbled. Yet a $95 billion boom among a small group of wealthy shipping tycoons has prevailed, spurring a mad dash to invest and diversify even as they face a comeuppance.
Millennials May Not Inherit As Much As They Expect, Financial Execs Say
Although the amount of money millennials are set to inherit from their baby boomer parents over the next decade is measured in the trillions of dollars, many individual millennials probably will inherit less than they are anticipating, according to a money manager for wealthy families.