Clifton is a lens into modern wealth. In our seats, we've seen wealth accumulated in various ways. No individual's story is the same, but we can learn from how they've each forged their path toward success.
Private banking once meant a single big institution handling everything for wealthy families. That world isn’t gone—but it’s no longer the default as HNW families and advisors move toward flexible, advisor-led platforms and multi-bank ecosystems.
Wealthy families maintain roughly 9% of their assets in cash and cash equivalents, which is sometimes insufficient to cover liquidity needs. Rather than derail well thought out investment strategies, short term borrowing is a common solution.
The global superyacht market has seen dramatic shifts since the Russian invasion of Ukraine. It isn't the first time geopolitics have impacted the industry, and in fact, much of the innovation in yachting can be traced back to global conflicts.
Effective Altruism peaked in 2022 as a movement attempting to make a positive impact on society. Since the collapse of FTX, EA has been tarnished, but perhaps the real solution — capitalism — has been hiding in plain sight.
