Monday, December 1, 2008

managing money a good business

The most recent World Wealth Report revealed that the number of investors with more than $1 million in investable assets grew by 6% to 10.1 million in 2007. Meanwhile those with $30 million or more in investable assets grew by 8.8% to over 100,000. This doesn't include assets that are fixed or illiquid I would assume; not a bad year for some.

This has meant a bit of a boom in the management of family wealth companies, particularly as many of these global families are really global in nature. The cost of managing your wealth in a secure and profitable way runs about $100 million. Somali pirates have nothing on these guys.

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