PhotoAlto | Sigrid Olsson | Getty Financial advisors increasingly want to add the super-rich to their client lists. Not only do ultra-high net worth households offer a level of cachet to financial advisors, but there’s also growing demand for advice from this client segment, according to experts. There were about 442,000 households with $20 million…
Thomas Barwick | Digitalvision | Getty Images At the highest levels of wealth management, success is measured by more than investment returns. The advisors entrusted with guiding substantial fortunes must combine technical expertise, strategic foresight and an ability to serve clients whose financial lives often span businesses, generations and continents. That’s precisely why CNBC’s Elite…
Wera Rodsawang | Moment | Getty Images The richest U.S. households have financial needs different from those of the average investor and, as such, seek out financial advisors who specialize in managing this echelon of wealth. The inaugural CNBC Elite Advisors list recognizes 25 of the nation’s leading investment advisors serving ultra-high net worth individuals…
Thomas Barwick | Digitalvision | Getty Images The wealth management industry is in the middle of a sweeping shift, as more firms move up the wealth ladder to serve the richest individuals and families. Technology, competition and industry consolidation are pressuring fees and profitability, experts say. At the same time, the population and fortunes of…
Former US President Donald Trump speaks at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. Bloomberg | Bloomberg | Getty Images Cryptocurrency adoption appears to have a political bent — and a significant gender divide. Republicans have adopted crypto with more gusto than Democrats in recent years, data shows, coinciding…
Westend61 | Westend61 | Getty Images Even as home price growth has slowed, the housing boom during the first half of the 2020s means many owners are sitting on substantial equity — and they appear willing to use it. Homeowners tapped an estimated $47 billion in equity — the difference between their mortgage balance and…
A student student sits in a lecture hall while class is being dismissed at the University of Texas at Austin on Feb. 22, 2024 in Austin, Texas. Brandon Bell | Getty Images The Trump administration announced on Thursday that it will offer federal student loan borrowers who sign up for autopay a 1-percentage-point reduction on…
SpaceX shares have gained more than 30% since the aerospace and satellite communications company went public on Friday. Now, some people may be wondering whether they missed their chance to invest in the high-flying stock if they didn’t buy it at the IPO or its first few days of trading. Spoiler: They haven’t. In fact,…
Valentinrussanov | E+ | Getty Images Women tend to save more of their paycheck for retirement than men, but still trail them in 401(k) account values, new research shows. The average 401(k) balance among men in 2025 was $194,597, compared with $146,476 for women, according to Vanguard’s new 2026 How America Saves report, which looks…
Chairman of the Federal Reserve Kevin Warsh delivers remarks after being sworn in during a swearing-in ceremony in the East Room of the White House on May 22, 2026 in Washington, DC. Roberto Schmidt | Getty Images The Federal Reserve held interest rates steady Wednesday, concluding the first meeting helmed by new Fed Chairman Kevin Warsh….