Chasing the wealthy's $46-trillion assets
)
Click on graphic
INVESTMENT AND MANAGEMENT SERVICES FOR HIGH NET WORTH FAMILIES
Family offices around the globe are booming because they're on the right side of the supply-demand equation. The number of people in the world with at least $1 million of investable assets, excluding their primary residence and collectibles, rose 9.2 per cent to a record $12 million in 2012, according to an annual report by Capgemini and RBC Wealth Management. Assets held by the rich grew 10 per cent to $46.2 trillion, driven by gains among people with $30 million or more
Family offices around the globe are booming because they're on the right side of the supply-demand equation. The number of people in the world with at least $1 million of investable assets, excluding their primary residence and collectibles, rose 9.2 per cent to a record $12 million in 2012, according to an annual report by Capgemini and RBC Wealth Management. Assets held by the rich grew 10 per cent to $46.2 trillion, driven by gains among people with $30 million or more
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Aug 17 2013 | 9:21 PM IST