With the RE fund industry rapidly changing in response to increasing regulation after the financial crisis, the report reveals that the industry seems to have reached an inflection point in its evolution and that business models may need to change.
According to the report, which studied 78 families of wealth in India, nearly half (49 per cent) utilise family office services.
The University of Melbourne, followed by the ANU and the University of Sydney are the best at producing wealthy people, according to research by New World Wealth.
Golf lost an important advocate on Friday, when Bush, the 41st president of the United States, died, his family said in a statement.
The days of firms having “a secret guy in a back room who knows this or that” no longer exist, and real value now lies in the quality of advisory, and helping clients navigate the impacts of increasingly complex - and often onerous - global ta
“Data aggregation has become a staple in helping the collection of the totality of an individual’s or family’s wealth,” says Bill Crager, president of the turnkey asset management provider Envestnet.
The Inclusive Wealth Report 2018, the full findings of which will be released in coming weeks, was curated by over 200 economists from around the world.