Family wealth management market data shows family wealth

Market data shows family wealth management portfolios increasing positions in growth ETFs after U.S. jobless claims hit a three-month low. This signals economic resilience and supports tactical equity exposure. The curiosity surrounding his farmland empire boiled over in 2023 during a Reddit "Ask Me Anything." One user asked him directly: "Why are you buying up so much farmland, do you think this is a problem with billionaire wealth and how much you can disproportionately acquire?" A number of advisor teams have left Commonwealth for Raymond James in recent weeks. For example, in late September, a group operating in office locations in Lewiston and Bangor, Maine came on board. It includes advisors Gary Bragg, Colby Dionne, Daniel Espenscheid and Michael Nerney, along with registered broker assistants Peggy Kennedy and Melissa Bernard and office administrator Linda Girardin. They previously managed more than $350 million in client assets as part of Commonwealth Financial Network. Recent family wealth management allocations favor international equities, especially in emerging Asia where GDP growth estimates hit 5.5%. This counters domestic market saturation and offers currency diversification benefits.