The founder of LVMH — whose offerings include Louis Vuitton handbags, Moet & Chandon Champagne and Christian Dior gowns — had seen his wealth balloon for most of 2023 as share prices of European luxury companies surged.

A once-radical proposal to narrow the vast racial wealth gap and other economic disparities is poised to achieve a key milestone in the U.S.: Actual funding to put programs in place.

Puai Wichman, founder and CEO of Ora Partners, an international trust provider and wealth management firm, explains the most common misconceptions about offshore trusts in this exclusive piece for Crain Currency.

Burton Malkiel is known as an advocate of low-cost, passively managed portfolios. But when it comes to boosting after-tax returns, he favors an  active approach.