This might seem of nugatory interest to most people, but the wave of mergers on the wealth management scene actually has a lot to tell us about the way the world works today, not least who has the money – and what they’re doing with it. I wrote several pieces on this theme: What is prompting the … More Wealth management mergers
It’s tough being rich, sometimes, believe it or not. Okay, so most of you will say ‘not’, but at Spear’s I took a wry look at the actual problem of why rich people have poor credit ratings. This piece (PDF) starts by asking why Alexander Hoare, scion of the private bank C Hoare & Co, couldn’t get a mobile … More Why do the rich have such poor credit scores?
In October 2015, I wrote a long piece for Spear’s after a visit to the Fondation Louis Vuitton in Paris about how the fashion world had staged a showy takeover of the art world, with artworks, prizes and even museums all patronised by fashion’s biggest names and brands. This movement is, I think, changing the … More Art, fashion and money
First published on spearswms.com, I’m quite proud of this story: it’s been picked up by national and international media, from the FT and the Daily Mail to ITV and CNBC. It’s an unexpected situation, which has evoked, I suspect, a good dose of Schadenfreude. When you hear a house has been repossessed, London’s most expensive luxury … More See inside the £5.25m One Hyde Park flat which has been repossessed
This video was inspired by our article about domestic violence among the wealthy, in the new issue of Spear’s.
Turns out that when private school fees increase at ten times the rate of wages, social mobility grinds to a halt. This is me on why education needs to become less expensive, with reference to a £10,000 gap yah trip to Venice.
A fascinating, disturbing figure hit my inbox just now, from wealth managers FF&P: school fees have risen ten times faster than income since 2010, so even the 1 Per Cent can’t afford to send their kids to fee-paying schools any longer. According to FF&P Wealth Planning, ‘Incomes of those earning between £100,000 and £499,999 per annum have … More Even the 1 Per Cent can’t afford private school fees any more