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fromBusiness Insider
1 day ago

Rich people have trillions of dollars they want to give to hedge funds

Private wealth - which refers to money held on platforms run by the private banking divisions of places like Goldman as well as wealth advice giants like Merrill Lynch, independent advisors, and family offices - is eager to invest in hedge funds and has plenty of capital to put to work. Goldman's report estimates that less than $500 billion of the $50.7 trillion of private wealth assets are in hedge funds.
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#wealth-management
fromBusiness Matters
1 month ago
Business

Amit Singh Explains Why Private Banking Has Evolved Beyond Relationship Management

Private banking has shifted from relationship-driven capital preservation to data-driven, technically sophisticated wealth management demanded by younger, performance-focused clients.
fromEntrepreneur
2 months ago
Business

JPMorgan Connects Wealthy Clients With Private Jets, Butlers | Entrepreneur

JPMorgan Private Bank offers wealthy U.S. clients a no-fee lifestyle program with discounted referrals for luxury services like private jets, travel planning, art maintenance.
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Business intelligence
fromBusiness Insider
1 month ago

I went from MTV star to managing fortunes at Bank of America. It took hustle and a lowly internship to get here.

Kim Stolz transitioned from MTV presenter to Wall Street private client advisor, advising ultrawealthy families after persistent efforts and unconventional entry.
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