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High-net-worth investors in the art market are looking towards classic and safe investments as the art market starts to bounce back and have found a niche in jewelry, said Ron Varney, founder of Ronald Varney Fine Arts Agents.
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With the downturn in the economy and uncertainty as to how long the recovery will take, charitable giving has seen some contraction, and high-net-worth advisors are narrowing down charitable options to those that would have most impact.
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Today’s investors have more choices than ever for creating their philanthropic legacies.
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Why do people collect? Many have asked themselves, financial advisors among them.
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Bennett Financial Group, a Washington, D.C.-based investment advisory, is relying on fitness advice and services to cinch advisor/client relationships in these tough times.
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C22 Capital, a Los Angeles investment firm that invests high-net-worth dollars in bridge loans across various industries, has signed a deal to finance the completion of a feature film ‘The Devil Inside.’
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Fox River Execution, a Geneva, Ill.-based algorithmic trading firm, has partnered with exchange-traded fund purveyor iShares to launch Fox Spotlight, a new ETF platform aimed at helping wealth advisors find optimal pricing on large ETF block trades.
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Wealth advisors are looking to Unified Managed Households (UMHs)—a new spin on Unified Managed Accounts (UMAs)—as a way to capture more wealthy family assets.
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ACE Private Risk Services, a subsidiary of global insurer Ace Group, has lunched an investigative screening service for wealthy individuals, offering thorough background checks on a range of service providers, including financial advisors, contractors, and domestic help.
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Lenox Advisors, a New York-based asset manager has launched a program that aims to teach fiscal responsibility to the children of wealthy families in an attempt to keep money in the family longer.
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High-net-worth investors and advisors are overlooking appreciated fine art and collectibles as a source of charitable assets, according to Laurence Zale, founder of New York-based art advisory services firm Laurence C. Zale Associates.
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Luxe d'Europa and Quincy Consulting Group, which handle life and concierge management, are seeing increasing interest from wealth management shops and private banks, particularly those that have taken
TARP fund money, to collaborate and share services.
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Multi-family office Highmount Capital and Prince & Associates, a market research firm, are ramping up events specifically geared towards women to help them navigate their personal finances during a recession.
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Denver research firm Prima Capital is gearing up to launch a research-based structured products program for banks, brokerages, and asset managers.
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Advisors Trusted Advisor, a unit of Boston-based consulting firm The Collaborative that caters to high-net-worth advisors, has launched a program that offers wealth advisors strategies and information to help them grow their advisory and wealth management businesses.
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Trying to keep track of it all is the single most common frustration voiced by high-net worth-families struggling to insure multiple residences, automobiles, recreational vehicles, valuable articles and other assets spread among several states.
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Between December 2007 and October 2008, Americans’ net worth fell by almost 23 %, with the wealthiest households experiencing the most severe losses, according to a report released by the Federal Reserve in March.
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There is a new site in the works that could help law firms and estate planners track down beneficiaries of deceased wealthy clients.
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Historic New England, a Boston non-profit that partners with wealth advisors to help their clients maintain multi-generational dwellings, is branching out into environmentally friendly estate upgrades.
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Sun Valley, Idaho-based investment advisory firm Interfund Capital is launching a fund to invest in securities under the Term Asset-Backed Securities Loan Facility that will target smaller institutions and family offices.
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Philanthropic consultant Foundation Source has created a way to fast-track charitable no-interest loans and comply with the associated tax requirements. Andrew Bangser, president, said he’s seen an increase in direct loan activity due to a steeply rising number of foreclosures.
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PNC Wealth Management has launched a new ad campaign designed to grow business in its home state of New Jersey.
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Multi-family office Highmount Capital and Wilmington Trust are focusing on events designed to educate clients about managing their cash and lifestyles during the recession.