Renaissance of the rich. Now we all feel much better.

Renaissance of the rich. Now we all feel much better.

Thanks go to our colleagues at our sister publication Financial Director for bringing this particularly tragic (sob) story to the attention of TS.
A Merrill Lynch Capgemini World Wealth Report reveals that the aggregated funds held by the world’s 8.6 million high net worth individuals has fallen to $32.8 trillion (£20 trillion) – a level not seen since 2005. Given the gargantuan pay deal that TS has, that’s clearly no laughing matter. The recession affects us poor rich bods too you know. These are scary times.
But there’s good news on the horizon because the report’s authors believe we can rebuild rich folks’ funds back to $48.5 trillion in the next four years. As our esteemed FD oppos point out: ‘There is some good news in the world’. You’ve got to love the rich. And the advisers who feed off, er, help them.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource