Why Do Wealthy Parents Have Wealthy Kids?
An NBER study discovers that wealthy parents have wealthy children, even when those kids are adopted.
Valeant Tells Congress a Different Tax Tale Than Investors
The U.S. Senate Permanent Subcommittee on Investigations held its first hearing under new leadership on Thursday with a dive into the U.S. corporate tax code.
How Investors’ Decision Making Varies With Age and Wealth
Research firm Martini studied the online behavior of three segments of the affluent market.
For the Wealthy, It’s Hard to Find Good Help
Family offices are hiring household help for high-net-worth clients — but should they get involved?
Wealthy Americans Spend $13,000 a Year on Vacations: BMO Survey
Many affluent Americans will go on as many as six vacations a year, a BMO survey finds.
Sophisticated Cars, Sophisticated Risks
Automobiles are more high tech than ever, but they also usher in new financial risks for their owners.
Schwab, Fidelity DAF Grants Set Records in 2015
Schwab and Fidelity account holders each increased charitable grants by more than $1 billion compared with last year.
Affluent Investors Prefer Human Advisors—With a Catch: Wells Fargo Survey
Advisors "need to look for ways to have technology complement and augment their relationships with clients," says Joseph Nadreu of Wells Fargo.
Best Broker-Dealers Ranked by Financial Advisors: J.D. Power — 2015
Satisfaction poll by J.D. Power finds a big drop in loyalty as frustrated reps consider their options.
AMG Wealth Partners Buys Big Stake in myCIO
The new partnership with AMG Wealth Partners will allow myCIO to expand its capabilities to a broader client base.