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    What the smart money knows….and how you can benefit

    SmartMoney CoverImage outline 231x300 What the smart money knows….and how you can benefitWhat are the super-rich doing with their money?

    I know it’s a question that many investors wonder from time to time. In our recently released whitepaper, “What the Smart Money Knows…5 ways to learn from institutional and billionaire investors” we examine the question.

    We look at five factors that set institutional and billionaire investors apart from ordinary investors – it’s not just the money – and we offer up our own solution packaging many of these advantages into turnkey investments for high net worth individuals who want a comparable calibre of expertise applied to their own wealth.

    You can download our whitepaper here.

    Filling the knowledge gap for the young affluent

    NextWAVE 28Nov2012 thumb 150x150 Filling the knowledge gap for the young affluentWealthy baby boomers are retiring and the ‘Great Transfer’ of wealth is well underway. Yet, according to the 2012 U.S. Trust Insights on Wealth and Worth Survey, more than two-thirds of parents believe their children are not adequately prepared to handle wealth. This is not surprising because managing wealth isn’t generally taught by our education system and is often not discussed within the family.

    It is common for young adults of affluent families to start receiving money in their twenties as beneficiaries of estates and trusts and many are ill equipped to make sound financial decisions with the capital. Conversely, adult children of wealthy families may have misconceptions regarding entitlement to family wealth and/or the relationship any wealth transfer might have on their planned lifestyle.

    NextWave is Newport Private Wealth’s initiative to fill the knowledge gap for young adults to become better equipped at managing wealth through a series of discussions tailored specifically to this demographic and present these topics in a way that resonates with these young adults.  The following are concerns among young people that will be discussed in NextWave’s series of upcoming financial workshops. [read more >>]