The season of giving is upon us, and for the affluent clientele of J.P. Morgan Private Bank, that means more than just extravagant presents. As part of their annual tradition, the bank has unveiled its “NextList2025,” a curated selection of holiday books and experiences designed to inspire high-net-worth individuals and their families as they look
Wealth
The landscape of wealth management is witnessing a dramatic evolution, driven by the burgeoning sector of family offices. These entities, primarily established to manage the wealth and investments of affluent families, have become a focal point of interest and educational endeavor at some of the world’s leading universities. Prominent institutions are launching specialized programs and
As Britain grapples with fiscal pressures and an impending budget fraught with uncertainty, the discourse surrounding the country’s non-domicile (non-dom) tax status has intensified. Wealthy individuals residing in the UK but maintaining a domicile elsewhere are lobbying for a revised tax regime reminiscent of Italy’s flat tax model, seeking to secure their financial interests against
The landscape of global wealth is witnessing a significant transformation as women increasingly influence the ranks of the ultra-wealthy. According to recent data from the Altrata Billionaire Census, women now constitute 13% of the world’s billionaires, amounting to 431 individuals within a total of 3,323 billionaires. While this percentage may initially appear modest, it signifies
The recent auction of a banana duct-taped to a wall for an astounding $6.2 million spotlights a cultural moment defined by the convergence of contemporary art, cryptocurrency, and social media phenomena. The piece, aptly titled “Comedian,” by Italian artist Maurizio Cattelan, transcends conventional boundaries of artistic expression. To understand the implications of this sale, one
The global art market is currently in a challenging phase, facing its second consecutive year of decline. This downturn signals a significant shift in buyer behavior, as a new generation of collectors emerges, bringing different preferences and spending habits. Recent findings from The Art Basel and UBS Survey of Global Collecting reveal that renowned auction
As the landscape of wealth management evolves, family offices—private investment entities of affluent families—are increasingly becoming significant players in the startup investment arena. Not only have they embraced a more active role, but their strategies highlight an emerging trend that could reshape the future of venture capital. An analysis conducted by CNBC in collaboration with
In an era marked by shifting consumer preferences and intensified competition, luxury brands often find themselves at a crossroads. For Burberry, a storied name in British fashion, the need for transformation has become increasingly urgent. The luxury market’s contraction, coupled with a mysterious drift from core offerings, has compelled Burberry to embark on a bold
The personal luxury goods market is entering a phase of significant change, which marks its first noticeable slowdown since the aftermath of the Global Financial Crisis. According to Bain & Company’s recent annual luxury report, a confluence of macroeconomic uncertainties coupled with a marked decline in consumer spending in China has led to this situation.
Family offices, once primarily reliant on private equity funds for their investment strategies, are undergoing a significant transformation. A recent survey highlights a growing trend where these wealth management entities are shifting towards direct investments in private companies. This movement underscores a broader evolution in how high-net-worth families are managing their wealth and capitalizing on