Christina Lewis, the daughter of Reginald Lewis, founder of TLC Beatrice International, had her first asset allocation meeting with a wealth manager at the age of 13. After facing a tragic loss and inheriting a large fortune, she went on to work with multiple wealth managers over the years. Her experience led her to create
Wealth
In a recent survey conducted by BNY Mellon Wealth Management, it was found that family offices are increasingly shifting towards making direct investments in companies rather than relying solely on traditional investment vehicles. The survey revealed that a significant majority of family offices, numbering at 62%, made at least six direct investments in the past
The United States experienced a significant increase in millionaires last year, outpacing the rest of the world. According to a report from Capgemini, the U.S. added 600,000 new millionaires in 2023, bringing the total millionaire population to 7.5 million people. These millionaires amassed fortunes totaling $26.1 trillion, representing a 7% increase from the previous year.