Here you’ll find insightful articles, the most recent features and topical blogs covering financial markets, current trends and the latest appointments
October 18, 2024
Despite a turbulent global landscape, including economic uncertainty and geopolitical tensions, the UHNW community has not only recovered but thrived.
New insights from Altrata’s World Ultra Wealth Report 2024 reveal that the global ultra-high-net-worth (UHNW) population has surged by 20% over the past five years!
Here’s the scoop:
– Growth Spurt: The number of individuals with a net worth of $30 million or more hit 426,000 in 2023, marking a 7.6% increase. Their combined wealth now stands at a staggering $49 trillion—more than the GDP of the U.S. and China combined!
– Regional Trends: The U.S. leads with a 13% increase in UHNW individuals, while Europe and Asia also saw growth.
– Looking Ahead: Altrata projects a continued rise, with UHNW individuals expected to reach 587,650 by 2028.
– Impact & Influence: The ultra-wealthy are making waves with $190 billion in philanthropic contributions and $118 billion spent on luxury goods in 2023. They control $38 trillion in investable assets.
September 6, 2024
Family offices are becoming more prevalent among high-net-worth families, and the updated ‘Family Office Services Index’ highlights the top advisers in the industry.
The Spear’s research unit has identified experts who provide tailored services to family offices, reflecting the industry’s complexities.
Discover the leading advisers and elevate your family’s wealth management strategy.
July 19, 2024
In the realm of mergers and acquisitions, financial factors have traditionally dominated decision-making. However, in recent years, non-financial considerations have begun to take centre stage.
The most prominent among these non-financial factors is undoubtedly environmental, social, and governance (ESG), which encompasses a company’s impact on the environment, its social responsibility, and its governance practices. ESG principles have emerged as a critical standard for stakeholders committed to implementing sustainable and ethical practices.
June 21, 2024
Ever wondered how the uber-wealthy handle their investments?
Here’s a glimpse into the strategies of the world’s top 0.001%:
Prime Locations: With over 28,000 centi millionaires globally, key cities like New York City, the Bay Area, Los Angeles, London, and Beijing are their playgrounds, offering robust financial infrastructure and lucrative real estate markets.
Real Estate: Trophy assets like Class A properties dominate their portfolios, making up 27% of their investments. Stability and legacy preservation are paramount.
Family Offices: Managed by single family offices, these entities handle everything from inheritance to charity ventures, with over 4,500 worldwide managing a staggering $6 trillion in combined assets.