New York is no longer the world’s capital of ultra-high-net-worth individuals, and five other trends of interest to financial advisors.
Wealth-X, a global data and intelligence company focused on ultra-high-net-worth individuals, released its 2018 World Ultra Wealth Report Wednesday.
Not surprisingly, given recent market performance, the wealthiest individuals throughout the world only got richer last year. But the report wasn’t without interesting data points, affirmation of trends and even some surprises—like New York being overtaken by Hong Kong as the world’s capital of the ultra-high-net-worth individuals.
Here are some highlights from the report that WealthManagement.com found interesting, and what advisors should take into serious consideration.
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