You're Rich! 5 Strategies for Staying That Way
Rich people know it can be just as hard to hang onto your wealth as it was to earn it. Here are 5 steps you can take to avoid becoming a rags-to-riches-to-rags story.
Wealth management
Payments to Wealth Advisers Shows Some Funds Aren't 'Fee-Free'
At least three wealth management firms marketing themselves as objective financial advisers are getting payments for investing their clients' money in certain mutual funds.
The U.S. Is Still Tops for Millionaires
When it comes to its population of millionaires, the U.S. still leads the world, but other countries have gained recently, The Boston Consulting Group reports. In particular, the report found a stagnation of wealth growth in developed nations, but rapid wealth growth in the developing world.
Gene Simmons Plants a KISS on Estate Planning for the Rich
The KISS frontman may still want to rock all night and party every day. But lately he's been getting up relatively early, putting aside the makeup and fake blood and embracing financial responsibility -- pitching the financial advisory services from Cool Springs.
Ten Wall Street Sales Pitches Investors Should Run Away From
The financial crisis exposed an industry that couldn't manage its own portfolios, much less provide worthwhile advice to clients. Yet 85% of investors continue to invest with brokers. Here are 10 reasons why that's a mistake.
Legal Briefing: U.S. Targets More Rich Tax Cheats
Now that they are nearly done squeezing Swiss bank UBS for information about its wealthy tax-dodging clients, the IRS and the Justice Department are moving on to new tax fraud targets: Clients of London-based bank HSBC Holdings, mostly those with ties to India and Singapore.
The World's Wealthiest Are Getting Richer, Capgemini Reports
Worry no more: The world's richest people are getting back much of the 24% of their wealth they lost since 2007, according to a new report. The top 10 million high net worth individuals held total financial wealth of $39 trillion in 2009, an 18.9% increase from 2008.
