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Title: Life

Essay Details:

Subject: History
Date: April 19, 2015
Level: University
Grade: A
Length: 2 / 494

Essay text:

What's more, the top end of that spectrum?those worth more than $30 million?is growing fastest. The group includes numerous well-known Western business titans, but numbers are rising faster in parts of the developing world. The last few years of soaring equity, real estate and commodity markets have been good to them all: UBS's wealth-management division alone saw an influx of $76 billion in new money last year, up 57 percent from 2004. Ten or 15 years ago, wealth management was a pretty straightforward business. The private-client division of institutions like UBS, JPMorgan or Citibank would invest in a set of simple options?stocks, bonds and real estate...

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