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Fidelity survey shows family offices plan to increase real estate holdings

by Lewis Dayton | Mar 12, 2024

In Fidelity’s recent survey of 83 single-family offices, with a total net worth of $432 billion, 36 percent of respondents indicated that they plan to increase their investments in direct real estate investments over the next three years, while 51 percent said they expect to maintain the level of investment in the sector of that time span.

Drucker Wealth, a $750mm advisory team, launches Independent RIA

by Andrea Zander | Mar 12, 2024

Drucker Wealth, a hybrid advisory team with $750 million of assets under management, led by father-son duo Lance and Gideon Drucker, recently launched their own independent registered investment adviser (RIA) based in New Jersey & serving clients nationally.

U.S. House approves legislation to offer CITs to 403(b) plan holders

by Lewis Dayton | Mar 12, 2024

The United States House of Representatives has approved legislation that makes collective investment trusts (CIT) an option for members of 403(b) plans, writes John Sullivan in a recent article for the National Tax-deferred Savings Association (NTSA).

Majority of high-net-worth investors expect wealth to increase in 2024

by Andrea Zander | Mar 11, 2024

Approximately two-thirds (65 percent) of all global high-net-worth investors expect their wealth to increase in 2024, led by three-quarters of survey respondents from Gen Z (75 percent) and seven-tenths of millennials (69 percent), according to the latest edition of its annual Wealth Report by Knight Frank.
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