Columns
March 8, 2016
Harold Pine is managing director of multifamily office Chasefield Capital
By a Luxury Daily columnist
Increasingly, the ultra-wealthy – those with a net worth of $30 million or more – are taking a closer look at how they handle their financial affairs due to the low returns and high fluctuations experienced in 2000-2002, 2008-2009, 2011 and now early 2016.
{"ct":"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","iv":"28b830e6afa2b241d88d2caa453e844d","s":"9186ab66b9155715"}
Share your thoughts. Click here