Wealthy Clients Go Global as Ultra-Rich Fortunes Set to Reach US$84T by End of Decade
A new Altrata‑Arton Capital report finds that one in five ultra‑high‑net‑worth individuals (UHNWIs) were born outside the country where they now live, underscoring a surge in cross‑border wealth creation. The global UHNWI population is projected to grow 33% to 734,100 by 2030, with collective wealth climbing from $63 trillion in 2025 to $84 trillion by decade’s end. Roughly 79% of foreign‑born UHNWIs are self‑made, and the United States alone accounts for about 40% of the total UHNWI pool. These dynamics signal a rising demand for advisors skilled in international planning.
Asia’s Wealthy Families Shed Taboo on Succession Planning as US$83 Trillion Changes Hands: UBS
UBS’s Global Next Generation Report, based on over 170 respondents, reveals that nearly two‑thirds of Asian wealthy families now involve the inheriting generation in wealth management early on. The study highlights that 78% of next‑generation clients prioritize networking opportunities when...
William and Harry’s Cousin Named Head of Impact at New Family Office Consultancy
Lexi Bowes‑Lyon, a cousin of Princes William and Harry, has been appointed head of impact at Cynren, a newly launched AI‑powered family‑office consultancy. Cynren, founded by a former KPMG client‑relations head and a Citi Venture Capital International veteran, offers international...
What to Do When UHNW Clients Go Quiet
Advisors are seeing a surge in ultra‑high‑net‑worth families as 526,000 new millionaires emerged in 2024 and UHNW individuals grew 6.2%. These families face escalating complexity, from multi‑jurisdictional tax planning to identity shifts after business sales or inheritances. To...
Former KPMG Hedge Fund Adviser Launches AI-Driven Advisory Firm for Wealth Families
Tony Cowell, a former KPMG adviser to alternative‑asset managers, has launched Cynren, a boutique advisory firm that builds AI‑enabled tools into every client engagement. The firm uses agentic AI for rapid analysis, scenario modelling and real‑time monitoring while retaining senior...
CII Warns Advice Sector Is Underprepared for Great Wealth Transfer
The Chartered Insurance Institute warns that the UK’s upcoming Great Wealth Transfer—estimated at £5.5 trillion (about $7 trillion) by 2050—has left the financial‑planning sector under‑prepared. Only 44 % of advisory firms have a formal intergenerational strategy and fewer than 40 % actively engage adult...
Rockefeller Adds $3.5M Raymond James Team in Michigan
Rockefeller Global Family Office announced the acquisition of the Meridian Wealth Partners team from Raymond James, a group that generated $3.5 million in annual revenue. The five‑person team, led by Michael A. Rosner and Robert “Bobby” Barrett, oversees roughly $350 million in...
Family Offices Embrace Institutional Models Amid Governance Pressures
Family offices are rapidly adopting institutional‑style operating structures as large liquidity events and generational wealth transfers expose gaps in informal governance. A Morgan Stanley Wealth Management report finds families tightening risk management, documentation, and oversight after business exits, IPOs, or...
Growth Partner Eyes More PE Exits Following Synergym Deal
Growth Partner, the family office of former HomeServe founder Richard Harpin, has begun ramping up divestments after selling its stake in Spanish fitness chain Synergym. The transaction met Harpin’s internal hurdle of a 2.5‑times return on invested capital, marking one...
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Understanding Trust Funds: A Guide to How They Work
A trust fund is a legal entity that holds assets for designated beneficiaries, managed by a trustee on behalf of the grantor. Trusts fall into two primary categories—revocable, which the grantor can modify or dissolve at any time, and irrevocable,...
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AlphaCore Puts Alternatives at the Heart of Its Strategy
AlphaCore Wealth Advisory, a La Jolla RIA managing $8.6 billion, has placed alternative investments at the core of its portfolios, allocating roughly 20‑25% of assets to private equity, real estate and infrastructure and scaling to about 30% for clients with $10 million-plus balances....
Family Office of One of Asia’s Wealthiest Individuals Backs Struggling EV Battery Group in Green Push
A family office linked to one of Asia’s wealthiest families has taken a stake in a listed electric‑vehicle battery platform that has been struggling financially. The infusion of capital is intended to stabilise the company and accelerate its regional joint‑venture...
Winning the Next Generation Before the Wealth Transfer Happens
Wealth‑transfer retention hinges on relationships built years before assets change hands. Advisors who involve heirs early—through values‑focused family meetings, charitable giving, and modest financial exposure—create a stewardship mindset that outlasts the transfer event. Expanding the value proposition beyond portfolio management...
Sowell Management Plans Recruiting Push for Advisors Serving $5M+ Clients
Sowell Management, a $6.5 billion Arkansas‑based RIA, has launched Cache River Private Wealth to serve high‑net‑worth clients with at least $5 million in assets. The new division offers “family office lite” services that integrate investment management, tax, estate planning, and legacy initiatives....
How Sudden Inheritances Can Hobble Next-Generation Heirs
Over the next two decades trillions of dollars will shift from baby‑boomers to their heirs, yet many families remain unprepared. A Raymond James survey finds only 45% of individuals with at least $500,000 in investable assets are “extremely transparent” with their...