Chinese high net worth individuals (HNWIs) invest 35 percent of their wealth overseas, the bulk of which is in property.
Though chancellor Philip Hammond’s Budget statement may have surprised some with the dividend allowance cut or the improved GDP forecast, it did not reveal anything groundbreaking for UK wealth managers.
In times of trouble good advice is all the more valuable and the latest numbers suggest money managers are going to be in demand as much this year as in 2016.
There’s a split between how millionaires in the US and the rest of the world manage their holdings.
London is home to more multi-millionaires compared to any other city in the world.
The election of a high net worth individual (HNWI) – a billionaire no less – to the US Presidency is likely to have resounding effects for his ilk around the world.
Your typical UK millionaire is male, works in finance and is pushing 60.
While many believe the unthinkable has happened with Donald Trump becoming the 45th president of the US, leaving some disillusioned about the future direction of the country, the US remains set to continue its rise as, potentially, the biggest offshore tax haven in the world.