Expertise war between family offices and Wall Avenue drives up salaries

Important Points

Wealthy households are investing an ordinary of $3 million to operate their personal investing wings, recognised as loved ones workplaces, according to a J.P. Morgan Personal Bank report.
The major expense is staffing, which has turn into more high-priced as relatives offices have tripled in number about the past 5 several years.
That’s primary to opposition for expertise with banking companies, personal equity companies and hedge cash.

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Finance

Stocks making the biggest moves premarket: Brighthouse Financial, Amazon, Ramaco Resources and more

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Check out the companies making headlines in premarket trading. Brighthouse Financial — Shares soared 23% after the Financial Times reported that Aquarian Holdings is in advanced talks to buy the North Carolina-based life insurer and take it private. Amazon — The e-commerce company and web services provider beat earnings expectations, boosting its stock 12%. Amazon […]

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More retirement investors opting for ‘good enough’ stock portfolio strategy to protect their market money

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Pony.ai becomes first to win citywide robotaxi permit in China’s Silicon Valley

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Key Points Pony.ai is the first firm cleared to run robotaxis throughout Shenzhen. The move expands autonomous taxi services beyond pilot zones in Chinese cities. Pony.ai will start rolling out the self-driving taxis in parts of Shenzhen before expanding coverage. Source