Australians are the richest they have ever been, with household wealth jumping to a record $14.68 trillion in the December quarter of 2021, a rise of 4.5 per cent from the September quarter, while wealth per capita increased to an all-time high of $566,541, according to data from the Australian Bureau of Statistics (ABS). Almost…
Funds under management (FUM) in managed accounts jumped in the second half of 2021, with continued growth expected in 2022 through more volatile asset markets, according to new data from the Institute of Managed Account Professionals (IMAP). As at 31 December 2021, FUM in managed accounts stood at $131.65 billion, an increase of $21.06 billion…
Last year’s global economic rebound, combined with increases in the prices of shares and property, have boosted the number of ultra-wealthy people worldwide, with their number rising at a faster pace in 2021 than in 2020, despite the lingering Covid-19 pandemic. The number of ultra-high-net-worth individuals (UHNWIs), or those with US$30 million ($40 million) or…
