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Tag: wealth

India’s personal wealth may grow at 13%: Report

India’s personal wealth may grow at 13%: Report

Finance
NEW DELHI: The country’s personal wealth is expected to grow at a CAGR of 13% to $ 5 trillion by 2022 from $ 3 trillion in 2017 to get the rank of 11th wealthiest nation globally by 2022, improving its rank by four places from 2017, said a report by Boston Consulting Group. India’s personal wealth was estimated to be $ 3 trillion in 2017. The US leads the chart in terms of total personal wealth with $ 80 trillion in 2017, which is projected to touch $ 100 trillion by 2022. China is ranked second, with a total personal wealth of $ 21 trillion, which is expected to more than double to $ 43 trillion by 2022. The report noted that India constitutes the second largest pool of wealth from emerging markets in the coming years, with $ 2.2 billion. It is the fifth largest Asian market in number of
Wells Fargo said to be investigating reports of gender bias in its wealth division

Wells Fargo said to be investigating reports of gender bias in its wealth division

Finance
Wells Fargo has been investigating internal complaints of gender bias in its wealth management division for months and is looking into at least one formal human resources complaint about the division's head, a man, according to a report in The Wall Street Journal on Friday. Female executives at Wells Fargo have raised concerns about gender bias in the bank's wealth management division, the Journal reported. A dozen women who are executives in the division met in Scottsdale, Arizona, in June to discuss the concerns, particularly the lack of women in senior roles. The Journal talked to six women who are Wells Fargo executives who either attended ...
Deferring compensation now could build retirement wealth tomorrow

Deferring compensation now could build retirement wealth tomorrow

Finance
It's that time of the year again, when deferred compensation elections must be made ahead of the June 30 deadline. Deferred compensation is a benefit to higher-paid employees as a way to set aside additional funds for retirement. It is also a key attraction and retention tool for executives in this competitive marketplace; deferred compensation can provide new key employees a greater fringe benefit, and an important employee can be deterred from leaving, if leaving means the loss of a match or appealing investment alternatives. As such, many organizations have taken notice and increased the availability o...
Set Specific Goals to Manage Your Wealth Better

Set Specific Goals to Manage Your Wealth Better

Finance
Shutterstock photoBy Kevin SimpsonWhen you make specific goals, you’ll find saving for them comes more naturally and you’ll be more likely to achieve them. While saving money and being financially self sufficient are goals that many people have, not everyone achieves them. This is partially due to lack of clear focus. Defining specific goals for financial savings helps you achieve them more quickly and also manage your wealth better.Where to StartThe first place to start is to look at what you wish to achieve and why you are saving and investing. Do you want to put a down payment on a house? Do you intend to pay for your kids’ college education or your own? Are you aiming to create a nest egg for emergencies and any possible scenarios you may need to weather down the road such as
Growing homeless camps contrast with West Coast tech wealth

Growing homeless camps contrast with West Coast tech wealth

Technology
In a park in the middle of a leafy, bohemian neighborhood where homes list for close to $ 1 million, a tractor's massive claw scooped up the refuse of the homeless - mattresses, tents, wooden frames, a wicker chair, an outdoor propane heater. Workers in masks and steel-shanked boots plucked used needles and mounds of waste from the underbrush. Just a day before, this corner of Ravenna Park was an illegal home for the down and out, one of 400 such encampments that have popped up in Seattle's parks, under bridges, on freeway medians and along busy sidewalks. Now, as police and social workers approached, some of the dispossessed scurried away, vanishing into a metropolis that is struggling to cope with an enormous wave of homelessness. That struggle is not Seattle's alone. A homeless crisis ...