Ultra high-net-worth individual

NewEdge Capital Group Connects its Advisors and Wealth Divisions with New Program Supporting UHNW Clients

Retrieved on: 
Monday, December 4, 2023
Asset Management, Professional Services, Finance, Capital Group Companies, Ultra high-net-worth individual, Entrepreneurship, UHNW, Financial adviser

NewEdge Capital Group, LLC, a leading and rapidly growing wealth management firm supporting successful financial advisors nationwide, launched a new program to address the challenges advisors can face when servicing ultra high net worth clients.

Key Points: 
  • NewEdge Capital Group, LLC, a leading and rapidly growing wealth management firm supporting successful financial advisors nationwide, launched a new program to address the challenges advisors can face when servicing ultra high net worth clients.
  • The NewEdge Bridge Program is designed to ensure that representatives of NewEdge Advisors can provide the right level of services to UHNW clients and the flexibility to choose the level of involvement with the ongoing engagement.
  • In practice, these representatives will introduce qualified clients to NewEdge Wealth advisors and can remain involved with the client relationship.
  • "NewEdge Wealth was designed specifically to meet the needs of UHNW clients," said Neil Turner, Co-CEO and Co-Founder of NewEdge Advisors.

A. Walker & Co. Launches New Joint Venture Equity Investment Vehicle

Retrieved on: 
Thursday, October 5, 2023
Investment, Fed, Ultra high-net-worth individual, Taylor Walker & Co, Workforce, Investment management, Environment, SVP, Housing, Walker (surname), Commercial property, Financial services

NEW YORK, Oct. 5, 2023 /PRNewswire/ -- A. Walker & Co., a minority-owned and operated, institutionally-backed investment manager, is proud to announce the launch of its inaugural vehicle, A. Walker & Co. Real Estate Opportunity Partners I, LP ("REOP I"). The vehicle launched with a $24 million capital commitment from an institutional investor. As of today, REOP I has deployed $2.282 million into two transactions located in Los Angeles, CA and New Port Richey, FL. REOP I has a pipeline of approximately $64 million in transactions under active review for potential investment; they consist of 14 properties totaling 2,381 units and a total capitalization of $937 million.

Key Points: 
  • The vehicle will target equity investments into primarily small- and middle-market multifamily and affordable housing transactions via joint ventures with emerging operators nationally.
  • NEW YORK, Oct. 5, 2023 /PRNewswire/ -- A. Walker & Co. , a minority-owned and operated, institutionally-backed investment manager, is proud to announce the launch of its inaugural vehicle, A. Walker & Co. Real Estate Opportunity Partners I, LP ("REOP I").
  • A. Walker & Co. launches new investment vehicle (REOP 1) focused on small/mid market multifamily and affordable housing.
  • It intends to do so while serving as a leading provider of small balance joint venture equity, simultaneously providing certainty and institutional-quality execution.

Northern Trust Appoints Brian Donovan Senior Managing Director of Wealth Advisory Team and Ultra High Net Worth Practice Lead for East Region

Retrieved on: 
Wednesday, September 13, 2023
Banking, Accounting, Professional Services, Philanthropy, Personal Finance, Asset Management, Foundation, Other Professional Services, Legal, Insurance, Finance, Consulting, Equal housing lender, Senior, GFO, FDIC, Multimedia, Public–Private Investment Program for Legacy Assets, Ultra high-net-worth individual, Growth, Region, UHNW, Management, Financial services, Northern Trust

Northern Trust has appointed Brian Donovan Senior Managing Director of a wealth advisory team in Greater New York and lead of the Ultra High Net Worth (UHNW) Practice for the East Region, a newly created role.

Key Points: 
  • Northern Trust has appointed Brian Donovan Senior Managing Director of a wealth advisory team in Greater New York and lead of the Ultra High Net Worth (UHNW) Practice for the East Region, a newly created role.
  • View the full release here: https://www.businesswire.com/news/home/20230913096732/en/
    Brian Donovan, Northern Trust Wealth Management (Photo: Business Wire)
    In his role as a Senior Managing Director, Donovan will lead one of Northern Trust's wealth advisory teams in the Northeast Region, to include partners in both New York and Connecticut.
  • In addition, as the UHNW Practice Lead for East Region, Donovan will develop a market strategy and lead a team of professionals focused on the wealth management, fiduciary, advisory and planning needs of individuals and families in the UHNW segment.
  • “Brian is a proven wealth management leader who will greatly enhance our clients' experience, accelerate the capture of market share in Greater New York and deepen our Ultra High Net Worth practice across the entire region,” said Glenda G. Pedroso, President of East Region, Northern Trust Wealth Management.

New Altrata Report Reveals Only 10% of the Billionaire Population is Under 50

Retrieved on: 
Tuesday, July 11, 2023
Spotlight, Organization, Ultra high-net-worth individual, Hobby, Woman, Age, Environment, Billionaire

NEW YORK, July 11, 2023 /PRNewswire-PRWeb/ -- Today Altrata, the global leader in data intelligence on the wealthy and influential, released Today's Billionaires By Age Group 2023, a Billionaire Census Spotlight.

Key Points: 
  • The median age of the world's billionaire population is 67.
  • Just 10% of the global billionaire class are under 50, while more than four in 10 are older than 70.
  • It takes people a considerable amount of time to amass a fortune from commercial and portfolio holdings that is large enough to achieve billionaire status.
  • It also reveals the top interests and hobbies of billionaires, shining a light on how organizations can engage with them in a meaningful way.

Christie’s International Real Estate Eyes Growth in Australia Behind Leading Luxury Brokers

Retrieved on: 
Wednesday, May 24, 2023
Partnership, Ultra high-net-worth individual, Marketing, Cussel an Tavas Kernuak, Sale, Name, AUD, Trust, United Kingdom, Growth, Environment, Property management, Auction, Airline

CHICAGO, May 24, 2023 (GLOBE NEWSWIRE) -- Two of Australia’s top luxury real estate brokers, Darren Curtis and Sean Cussell, have renewed and extended their partnership with the Christie’s International Real Estate global luxury real estate brand in a bid to capitalize on the nation’s growing high-end property market and increased demand from foreign investors.

Key Points: 
  • CHICAGO, May 24, 2023 (GLOBE NEWSWIRE) -- Two of Australia’s top luxury real estate brokers, Darren Curtis and Sean Cussell, have renewed and extended their partnership with the Christie’s International Real Estate global luxury real estate brand in a bid to capitalize on the nation’s growing high-end property market and increased demand from foreign investors.
  • He is also expanding his territory to introduce the Christie’s International Real Estate brand in the state of Queensland.
  • Meanwhile, Cussell runs Christie’s International Real Estate Victoria, based in South Yarra and primarily focused on greater Melbourne.
  • Christie’s International Real Estate’s growth in Australia is the latest step for the global luxury network, which has been rapidly adding and expanding territory.

OriginClear Launches $300 Million Offering on Crowdfunding Site

Retrieved on: 
Wednesday, June 29, 2022
Finance, Engineering, Utilities, Public Policy, Government, Professional Services, Manufacturing, Energy, State, Local, Crowdfunding, MLP, CEO, Water, Image, Rule, WODI, Government, Regulation D, WOD, Program, Multimedia, Ultra high-net-worth individual, Conference, OTC Markets Group, Renewable energy

OriginClear Inc. (OTC Pink: OCLN ), the Clean Water Innovation Hub, announced the launch of its $300 Million offering to be conducted on behalf of its wholly-owned subsidiary, Water on Demand, Inc. (WODI).

Key Points: 
  • OriginClear Inc. (OTC Pink: OCLN ), the Clean Water Innovation Hub, announced the launch of its $300 Million offering to be conducted on behalf of its wholly-owned subsidiary, Water on Demand, Inc. (WODI).
  • The offering of the securities is made pursuant to an exemption from registration under Rule 506(c) of Regulation D, to accredited investors only, on the crowdfunding site Manhattan Street Capital: www.manhattanstreetcapital.com/originclear .
  • Water On Demand is designed to offer clean water systems to businesses and communities as a managed service without any capital requirement.
  • View the full release here: https://www.businesswire.com/news/home/20220629005299/en/
    OriginClear Inc., the Clean Water Innovation Hub, announced the launch of its $300 Million offering on behalf of its wholly-owned subsidiary, Water on Demand, Inc., on the crowdfunding site Manhattan Street Capital.

EstateSpace Launches Exciting New Features To Simplify Estate Management, Plus 1-Month Free Trial For ALL New Members

Retrieved on: 
Tuesday, May 3, 2022
CRM, SOC, Ecosystem, Workflow, Hotel manager, Compliance, Ultra high-net-worth individual, CEO, Technology, Certification, Founder, Efficiency, Real estate, Property management

GREAT FALLS, Va., May 3, 2022 /PRNewswire/ -- EstateSpace, the platform to help you simplify estate management, is pleased to announce exciting new features within their platform.

Key Points: 
  • GREAT FALLS, Va., May 3, 2022 /PRNewswire/ -- EstateSpace, the platform to help you simplify estate management, is pleased to announce exciting new features within their platform.
  • In addition to these new features, EstateSpace is pleased to offer simple pricing with a 30-day free trial to new members, so you can see for yourself how EstateSpace can help improve estate management.
  • The 30-day free trial to new members is available now at signup, with no promotional code required.
  • EstateSpace is a platform to help estate managers, project managers and family offices simplify estate management.

Myria Launches Private Marketplace to Make Off-Market Experiences, Luxury Services, and Philanthropy More Accessible to Ultra-High-Net-Worth Individuals

Retrieved on: 
Monday, March 21, 2022
KYC, UHNW, Ultra high-net-worth individual, The Blue, Sales, Interview, AML, Blue, Restaurant, CEO, Video game, Auction, Real estate, Cryptocurrency, Myria-

LOS ANGELES, March 21, 2022 /PRNewswire/ -- Myria, a marketplace of luxury services for Ultra-High-Net-Worth (UHNW) individuals and family offices has launched today. The richest 300,000 people spend $1.3 million each on their lifestyle – but still lack access to what they want. The most sought-after services, experiences, and philanthropic opportunities are not available online. Myria puts those off-market opportunities at the fingertips of the richest people.

Key Points: 
  • LOS ANGELES, March 21, 2022 /PRNewswire/ -- Myria , a marketplace of luxury services for Ultra-High-Net-Worth (UHNW) individuals and family offices has launched today.
  • The richest 300,000 people spend $1.3 million each on their lifestyle but still lack access to what they want.
  • Myria co-founder and CEO, Rey Flemings, says, "The vacation homes the wealthiest want to rent are unlisted.
  • The most sought-after opportunities are not online because off-market sellers have demands beyond money, including:
    Only showing offers to pre-vetted, qualified buyers.

As Build Back Better Moves Forward, Taxes Top Concern for Investors

Retrieved on: 
Tuesday, December 7, 2021
Knowledge, Standard, Public opinion, Public relations, Income, Tax, Twitter, Marital status, Research, The Harris Poll, Population, Climate change, OH, Ultra high-net-worth individual, Nationwide Mutual Insurance Company, Thought, UHNW, Income tax, Adviser, Industry, Organization, FINRA, Education, Insurance, Policy, Time, COVID-19, Build Back Better Plan, Nationwide, Mass affluent, Facebook, NISC, Solution, HNW, Investment, Renewable energy, Financial adviser

According to our seventh annual Advisor Authoritystudy , powered by the Nationwide Retirement Institute, year-over-year, investors say taxes are one of their top three biggest financial concerns.

Key Points: 
  • According to our seventh annual Advisor Authoritystudy , powered by the Nationwide Retirement Institute, year-over-year, investors say taxes are one of their top three biggest financial concerns.
  • In fact, investors' concerns about taxes have nearly doubled in 2021 vs 2020 (27% vs 15%).
  • While the Build Back Better bill does have tax implications for some Americans, many may be overestimating this risk unless they are of extreme wealth.
  • "Under the current proposed reconciliation plan, income taxes would increase only for very high-income individualsnot most Americans," said Eric Henderson, President, Nationwide Annuity.

Six-Person Advisor Team Joins UBS in New York City

Retrieved on: 
Friday, October 22, 2021
Consulting, Banking, Professional Services, Finance, Certification, Baird (investment bank), Asset management, University, SIX Swiss Exchange, Wealth, Indiana University, Industry, Retirement, Ultra high-net-worth individual, UBS, Trust, NYSE, Communication, Central Waqf Council, New, Asia, Solution, Villanova University, Investment banking, Sale, Financial services, Financial adviser, UBS Global Wealth Management, UBS, UBS GLOBAL WEALTH MANAGEMENT, UBS

UBS Private Wealth Management today announced that Financial Advisors Matthew (Matt) T. Leone, Kevin M. Heck and Emily Barbe, have joined the firm in New York City, NY.

Key Points: 
  • UBS Private Wealth Management today announced that Financial Advisors Matthew (Matt) T. Leone, Kevin M. Heck and Emily Barbe, have joined the firm in New York City, NY.
  • She serves on the Board of Advisors to EDsnaps Inc. and is a member of the New York Junior League.
  • UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland.
  • The key symbol and UBS are among the registered and unregistered trademarks of UBS.