Gold could be a way to avoid a wealth tax, hedge against global recession – Fox Business

Permanent Portfolio Family of Funds President Michael Cuggino discusses why investors shouldn’t ignore commodities like gold, silver or palladium. Investors, rattled by a global growth slowdown, the U.S.-China trade war and vows by several Democratic presidential candidates to tax the rich, are flocking to gold. Continue Reading Below Prices of the precious metal, which climbed …

Artificial Intelligence Is Superseding Well-Paying Wall Street Jobs – Forbes

The New York Stock Exchange floor is devoid of humans and runs primarily on technology conducting … [+] the electronic trading activities. Photographer: Jin Lee/Bloomberg BLOOMBERG NEWS We’ve been told that there is nothing to worry about artificial intelligence, robots and technology. New technologies will only replace mundane, repetitive jobs and free up workers to …

Mercer acquires $230 million wealth management firm – InvestmentNews

Mercer Global Advisors has acquired Republic Wealth Advisors, a wealth management firm managing $230 million based in Houston. [More:​ Merger mania: Why consolidation in the RIA space is about to explode] Republic, which has satellite offices in Austin, Texas, and Bartlesville, Okla., serves approximately 190 households. The firm’s former co-owners — Frederick M. Hanish, Kenneth …

Wealth and Poverty: The Cautionary Tale of Argentina – Investment U

Financial Freedom By Nicholas Vardy Originally posted December 10, 2019 on Liberty Through Wealth In today’s political discourse, there’s a major focus on wealth and poverty. Are socialist policies the answer to economic inequality? Nicholas Vardy examines Argentina’s success (and failure) to find out. “Those who don’t learn from history are condemned to repeat it.” …

What Asia's family firms can teach western business about purpose – Ethical Corporation Magazine

In a new book about sustainable wealth creation, Ong Boon Hwee and Mark Goyder argue that companies can thrive if they rediscover stewardship, balancing the needs of shareholders, community and environment “Nothing has ever belonged to me. I believe the key for continuity and long-term prosperity is to maintain inherited assets as if they are …

Chinese wealth management service provider acquires Hong Kong firm – International Adviser

Chinese service provider Puhui Wealth Investment Management has acquired Hong Kong-based Granville Financial Services. The deal is part of Puhui’s strategy to expand its wealth and asset management services to outside of mainland China. Puhui has agreed to purchase 13,000,000 (100%) shares of Granville for HK$29.4m (£2.9m, $3.8m, €3.4m). Granville offers services in securities, futures …

Latin American AUM will more than double by 2025: PwC report – Investment Europe

Despite a number of Latin American countries facing political and economic uncertainty, the long term growth prospects for the asset and wealth management industry remain strong across the continent according to a report published today by PwC and Sura Investment Management. The report, titled Asset and Wealth Management Revolution: Latin America’s flourishing opportunities, finds that, despite …