The landscape of private equity investments is evolving, with family offices emerging as key players in this arena. A recent survey by BNY Mellon Wealth Management reveals that a majority of family offices are shifting towards making direct investments in companies. In fact, 62% of family offices made at least six direct investments last year,
Wealth
The U.S. experienced a significant increase in millionaires last year, adding 600,000 new millionaires, contributing to record fortunes at the top echelons. America’s millionaire population soared by 7.3% in 2023, reaching 7.5 million individuals, with their combined fortunes amounting to an impressive $26.1 trillion, representing a 7% increase from the previous year. The definition of
Aston Martin, the iconic sports carmaker, is poised to achieve a significant milestone this year as it expects to become cash-flow positive, according to Executive Chairman Lawrence Stroll. The company is at a transitional moment, with Stroll highlighting an inflection point that marks a turnaround in Aston Martin’s financial performance. After years of losses, the