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Bank of America ultrahigh net worth clients see art as top asset

Ahead of TEFAF, a top art fair it will sponsor in New York next week, Bank of America shared why art matters to rich investors and what buyers can expect this year. ....

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IRS audit rates of the rich set to rise after start of COVID-19 pandemic

The IRS's $80 billion in new funding means more scrutiny of higher earners. ....

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Credit Suisse to see fifth of wealth assets leave, Citi says

Cultural differences with UBS, which is absorbing its Swiss rival, could push outflows even higher. ....

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From vintage cars to dinosaur fossils: the most popular assets to "own" through fractional shares

Collectibles worth up to millions of dollars are securitized into thousands of shares that trade for as little as $10 a pop. ....

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Clients bolting First Republic test wealth advisors' staying power

It wouldn't be easy for elite advisors at the bank to leave, for reasons ranging from loyalty to deferred compensation. But as spooked clients demand stability, some competitors see a rare opening to recruit. ....

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