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Merrill Is Fighting To Retain Talent And Clients After Record-Setting Quarter

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There's intense competition to lure wealthy clients and poach advisors.

BlackRock's Hedge Fund Star Gets Paid More Than CEO Larry Fink

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Alister Hibbert's name is rarely mentioned within the walls of the world's largest asset management firm.

New Bill Would Hike Taxes On Wealthy To Bump Up Social Security Benefits

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The bill increases Social Security benefits for current and new beneficiaries by 2%.

L.A. Mega Mansion Once Floated For $500 Million Put In Bankruptcy

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The developer filed for bankruptcy to keep lenders from foreclosing on the Los Angeles property.

How Elizabeth Holmes Lured Rich Families To Back Theranos

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Holmes sought wealthy backers to avoid pressure to bring her blood-testing company public.

Dynasty Indie Names Chris Smith To Head Tax Practice Launch

by FA Staff

The new launch under Smith's leadership is expected to promote tax efficiency and cost savings.

NYC Reaping Hudson Yards Dividends After Luxury Building Boom

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The Manhattan district of office towers and luxury apartments is paying down its tab with New York City taxpayers.

Maserati Feels Pain Of Chip Crunch With Delayed Luxury SUV

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Even luxury car makers are not immune from a chip shortage and supply chain issues.

Warren, Jayapal Ask Supreme Court To Get Tougher On Judges' Conflicts Of Interest

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Politicians want to eliminate judges' investment conflicts of interest.

Exotic World Of ESG Derivatives Triggers Warning From Regulator

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ESG derivatives may be more "greenwashing" than green, said European regulators.

Westchester Home Sales Hit 40-Year High As Suburbs Still Beckon

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Amid rising crime and the threat of a pandemic, Americans continue to flee cities for the suburbs.

Italy Yacht Maker Sanlorenzo Sees Sales Boom As Pandemic Eases

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Yachting is recovering from a slight Covid-19-caused slump.

Porsche's Electric Taycan Pulls Ahead Of The Iconic 911 In Sales

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Porsche has proved relatively resilient to the global semiconductor shortage thus far this year.

Virgin Galactic Falls After Delaying First Commercial Flight

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The delays occur amid public criticism of the billionaire space race.

Shredded Banksy Painting Sells For Record-Setting $25.4 Million

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The piece made headlines around the world in 2018 when it self-destructed immediately after selling for $1.2 million.

Crypto Billionaire Mike Novogratz Wants To Turn Tattoos To NFTs

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Novogratz tweeted that he will be meeting with a tattoo artist about turning her work into NFTs, and she may give him a tattoo.

Even Harry And Meghan Are Joining The Build-Your-Own Index Craze

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Discussed for years by asset managers and technologists, direct indexing may finally be having its moment.

Cities Might Be Back, But Aspen Real Estate Is Still Booming

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Even as the pandemic once more fades, wealthy Americans seek wide open spaces.

Elon Musk Goads Jeff Bezos After Extending Lead As World's Richest Person

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Tesla's co-founder added about $9 billion to his fortune after SpaceX was valued in excess of $100 billion.

Chile's President To Be Investigated After Pandora Revelations

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Sebastian Pinera faces an investigation related to the sale of a stake in a mining project.

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