Tag

Wealth Management

All articles tagged with #wealth management

finance6 hours ago•5 min saved

Citigroup rides IB and wealth gains to a Q4 beat, sets 2026 NII targets

Citigroup beat Q4 expectations with adjusted EPS of $1.81 on revenue of $19.9B, led by strength in investment banking and wealth management, while a Russia exit-related charge and softer markets limited GAAP results. The bank sees 2026 net interest income ex-markets rising about 5-6% from 2025 (~$49.8B to ~$52.3B-$52.8B) and targets a 60% efficiency ratio, down from 65% in 2025. End-of-period loans rose to $752B and deposits to $1.40T.

via Seeking Alpha|

#citigroup #earnings #finance

business5 days ago•3 min saved

Tech Stock Surge Prompts Executives to Diversify Wealth via Exchange Funds

Executives and founders heavily invested in tech stocks are using exchange funds to diversify their portfolios without incurring steep capital gains taxes, by pooling shares into a fund that, after a lock-up period, provides a diversified basket of stocks, helping to manage risk and facilitate wealth transfer.

via CNBC|

#business #capital-gains-taxes #diversification

personal-finance13 days ago•5 min saved

Discover Your Money Personality to Boost Happiness and Wealth in 2026

The article identifies six distinct money personalities—Giver, Trailblazer, Skeptic, High Roller, Penny Pincher, and Avoider—and offers tailored financial advice for each to help individuals improve their financial well-being in 2026 by understanding their tendencies and making intentional changes.

via CNBC|

#financial-advice #financial-habits #financial-planning

business17 days ago•2 min saved

Paris Hilton's Mortgage on $63M Mansion: A Smart Financial Move

Paris Hilton, despite her substantial net worth, took out a $43.75 million mortgage on her $63 million Beverly Hills mansion, a common strategy among the ultrawealthy to maintain liquidity and invest in higher-yield opportunities, rather than paying cash upfront.

via Yahoo Finance|

#business #financial-strategy #luxury-real-estate

business17 days ago•3 min saved

Paris Hilton Secures Mortgage for $63M Mansion from Mark Wahlberg

Paris Hilton, despite her substantial net worth, took out a $43.75 million mortgage on her $63 million Beverly Hills mansion, a move that aligns with the financial strategy of many ultra-wealthy individuals who prefer to keep liquidity available for investments and other ventures rather than paying cash upfront, illustrating that leveraging debt can be a smart financial decision even for the extremely wealthy.

via Fortune|

#business #financial-strategy #luxury-real-estate

business17 days ago•3 min saved

Paris Hilton Secures Mortgage for $63M Mansion from Mark Wahlberg

Paris Hilton, despite her substantial net worth, took out a $43.75 million mortgage on her $63 million Beverly Hills mansion, a move that aligns with the financial strategy of many ultra-wealthy individuals who prefer to keep liquidity and leverage their assets for higher returns, rather than paying cash upfront.

via Fortune|

#business #financial-strategy #luxury-real-estate

business17 days ago•3 min saved

Silver Spenders Over 50 Drive Investment Boom in Key Stocks

The over-50s demographic in the UK, known as 'Silver Spenders,' is gaining significant financial influence due to increased wealth and discretionary spending, driving growth in sectors like luxury goods, wealth management, insurance, healthcare, and pet care, with notable interest in companies like Hiscox, Evelyn Partners, Saga, and Pets At Home.

via CNBC|

#business #investment-opportunities #over-50s

business20 days ago•4 min saved

Essential Tips for Successful Family Wealth and Inheritance Planning

The article discusses the upcoming $74 trillion wealth transfer over the next 25 years, highlighting three common mistakes families make—avoiding money discussions, lacking a clear plan, and over-controlling heirs—and offers advice on how to address these issues for a smoother transition and better stewardship of family wealth.

via Business Insider|

#business #family-legacy #family-planning

finance21 days ago•4 min saved

How a Key Decision Saved My $28 Million Powerball Win

Tim Schultz, who won $28 million in the Powerball in 1999, credits consulting with financial advisors and investing in stocks and bonds for maintaining his wealth and avoiding bankruptcy, despite the risks associated with sudden wealth.

via Business Insider|

#finance #financial-planning #investment

business22 days ago•3 min saved

Financial Experts Caution Powerball Winners Against Common Money Mistakes

Financial experts warn that after winning the $1.7 billion Powerball, winners should avoid common pitfalls such as rushing decisions, going public, skipping professional advice, overspending, and neglecting long-term planning to preserve their wealth and well-being.

via Fortune|

#business #financial-planning #lottery-winners

finance23 days ago•5 min saved

Essential Tips for Powerball Winners

Wells Fargo advisor Emily Irwin offers essential guidance for lottery winners on choosing between lump sum or annuity payments, assembling a team of advisors, managing investments, paying off debt, and handling the social aspects of sudden wealth to ensure financial stability and security.

via Business Insider|

#advice #finance #financial-planning

business1 month ago•2 min saved

Swiss voters reject inheritance and climate taxes on the ultra-rich

Switzerland remains the top destination for the wealthy despite voters rejecting a proposed tax on the ultra-rich, with the country maintaining its status as a leading financial hub amid increasing global competition for millionaires.

via Fortune|

#business #financial-center #millionaire-migration

business2 months ago•4 min saved

Millionaires Prioritize Trainers and Therapists Over Wealth Advisors

A survey reveals that millionaires are less satisfied with their financial advisors and more value personal wellness and family services like trainers and therapists, highlighting a shift towards 'soft services' as key to high-net-worth client retention.

via CNBC|

#business #personal-trainers #service-satisfaction

finance-and-economics3 months ago•1 min saved

Ultra-Rich Shift Away from Luxury Assets

The article discusses how the ultra-rich are increasingly abandoning traditional luxury assets like fine wines, vintage cars, and mansions, despite their rising values from 2015 to 2023, indicating a shift in investment preferences among the wealthy.

via The Economist|

#finance-and-economics #investment #luxury-assets

business3 months ago•5 min saved

Trump's Wealth Finds New Support at Citi

After being shunned by major banks, Donald Trump's money has found a new home at Citigroup, where his son Eric Trump established a trust holding some of his assets, marking a significant shift in his banking relationships amid past financial and political controversies.

via Bloomberg.com|

#banking-relationships #business #citigroup