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Cg Tan | E+ | Getty Images Millionaires are increasingly dissatisfied with their wealth managers and accountants, but they prize their personal trainers and therapists, according to a new survey. Only a third of millionaires use a wealth advisor for their financial planning and 1 in 5 plan to fire their advisor due to high costs and poor service, […]
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The price surge in bitcoin helped create another 70,000 new crypto millionaires over the past year, adding hundreds of billions of dollars in […]
New York needs more millionaires — or risks falling behind its rivals and losing billions in tax revenue, a fiscal watchdog warned in a new report that’s already roiling the mayor’s race. The nonpartisan Citizens Budget Commission said Thursday that while New York state nearly doubled its number of millionaire earners from 2010 to 2022, […]
Mercer Island, a wealthy enclave just outside Seattle. Danita Delimont | Gallo Images Roots Rf Collection | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The United States is […]
Wealth grew disproportionately quickly last year in the United States, where over 379,000 people became new US dollar millionaires, more than 1,000 a day, a report published on Wednesday showed. Private individuals’ net worth rose 4.6% worldwide, and by over 11% in the Americas, driven by a stable US dollar and upbeat financial markets, the 2025 […]
A living space in the new J.P. Morgan financial center branch format in Palm Beach. Courtesy: JP Morgan JPMorgan Chase thinks it has cracked the code on managing more money for America’s millionaires. It’s not a new financial product, a novel software program or an enticing sign-up bonus. Instead, it’s a refurbished take on an […]
