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Why Multimillionaires Favor Boutique Money Managers

“Wealthy clients tell us that expertise, trustworthiness and generosity are the critical elements in building strong client relationships in wealth management,” Luxury Institute CEO Milton Pedraza . “Successful wealth managers are relationship builders first, and, since few can beat the markets in the long run, money managers second.”  In the latest edition of its Luxury Brand Status …

What Luxury Chill? LVMH Resilience On Fire

With organic growth of 3%, the second quarter showed comparable regional trends to the first quarter, except in Japan, which had experienced particularly strong growth during the first quarter. Profit from recurring operations for the first half of 2014 was €2 576 million and current operating margin reached 18%. Negative exchange rate effects weighed strongly …