wealth management

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.

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.

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.

There's no time like the present to give money away, particularly if you're rich. Taxes are almost certainly going to rise next year, making the end of this year a prime opportunity for the rich to scatter some of their wealth to preserve their fortunes. And with the weak economy shrinking...

More than half of affluent Americans report losing sleep over financial concerns, according to a new survey by Merrill Lynch Wealth Management. And, in a development that both surprised and concerned investment managers, the recession has frightened the youngest group -- those 18-34 -- into being...

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.

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.

Wealth – and the number of wealthy people – declined over the past year. Unsurprisingly, the worldwide recession that has hammered portfolios has caused the number of millionaires in the world to fall. Those that remain generally aren't as rich as they used to be. Among those dethroned...

UBS AG (UBS), the once-proud symbol of the Swiss banking system, is reeling. The Zurich-based company, which has been on the hot seat with the IRS for allegedly helping wealthy Americans evade taxes and had to pay a $780 million penalty, is now watching its wealth management business erode....