Latest news with #highnetworth
Forbes
7 hours ago
- Business
- Forbes
Why Are More American Investors Immigrating To New Zealand Now?
An early morning view of the CBD of Auckland, New Zealand across the water of Waitemata Harbor. More American investors are immigrating to New Zealand this year than ever before. While it's not yet a stampede, it is on the rise. Since New Zealand introduced its revamped Active Investor Plus visa in April 2025, there's been a notable rise in interest from high-net-worth Americans—not for tourism, work, or study, but for long-term residency through investment. According to Immigration Minister Erica Stanford, nearly half of all new applications under the updated program have come from U.S. citizens. In total, 189 applications representing over 600 individuals have been submitted since the changes took effect, with 85 of those applications from the United States. These are not tourists. They're investors looking for security, privacy, and long-term options. What's fueling this quiet migration of wealth and talent to the South Pacific? And how does New Zealand compare to other 'golden visa' destinations worldwide? Let's unpack what's going on—and what Americans are getting for their money. Why Are Americans Exploring Second Residency Options? It's not because they've lost faith in the U.S. Rather, it's that many Americans, particularly high net worth investors, executives and professionals, increasingly recognize the value of global flexibility. There are several reasons why this trend is accelerating in 2025: The United States is facing some of the most intense political division in its modern history. Issues like election integrity, judicial independence, and democratic norms are fiercely debated. While most Americans remain loyal to their country, some are considering contingency plans in case domestic conditions worsen. The perception of instability—whether caused by partisanship, misinformation, or civil unrest—has led people to ask, 'What if things get worse?' This is not a new phenomenon. Following the 2016 election and the 2022 Dobbs decision on abortion, increases in inquiries about emigration were widely reported, especially in Canada for example. Some Americans are seeking geopolitical diversification. In a world facing escalating tensions between the U.S. and Russia, the U.S. and China, cyber threats, and renewed fears about nuclear conflict, people are recognizing that most of the planet's major risk zones are located in the Northern Hemisphere. Countries like New Zealand, located in the Southern Hemisphere, often feel 'out of reach' from these geopolitical flashpoints. Investor migrants aren't predicting catastrophe—but they are hedging against it. While the U.S. remains a major financial hub, its tax and regulatory burdens—especially in high-income states like California and New York—have prompted some investors to look at alternative jurisdictions for wealth preservation and planning. Although New Zealand is not a tax haven, its transparent regulations, strong banking system, and low corruption levels make it an attractive destination for those seeking stable and ethical governance. Others are looking to diversify their business exposure to countries that are advancing in climate, tech, agritech, and digital services. Many Americans are simply looking for a better quality of life—cleaner air, less traffic, safer streets, and a closer connection to nature. New Zealand provides this, along with excellent healthcare, education, and environmental protections. For families with kids, retirees, and digital nomads, these aren't luxuries—they're life choices. At its core, motivation often boils down to peace of mind. Having a legal right to reside in a second country provides a sense of control in a world where many feel increasingly uncertain. A second residency is a form of geopolitical insurance. It's not about abandoning the U.S.—it's about having an option if circumstances change dramatically. As New Zealand investment advisor Stuart Nash put it, 'More people are looking for a safe haven than a tax haven. That's what New Zealand offers.' Entrepreneur and venture capitalist Peter Thiel (Photo by) Why New Zealand? Back in 2017, Peter Thiel, co-founder of PayPal and early Facebook investor, quietly purchased a residence in New Zealand after only 12 days in the country. The move sparked political controversy at the time, but it also sent a message to the ultra-wealthy: New Zealand is a worthwhile investment. In Thiel's own words, it was a 'future-proof' country—a remote, resilient, and democratic place to build a life if things went south elsewhere. How Does New Zealand Compare to Other Options? Wealthy Americans exploring investor migration have many options. But not all programs are equal. Let's quickly compare some of the most popular programs: New Zealand's offer isn't the cheapest, but it balances flexibility, credibility, and long-term prospects. There's a transparent process and no English language test. You're not just buying a visa—you're joining an economy that shares your values. What Do You Get for Your Money? The Active Investor Plus visa has two main tracks: Both tracks lead to residency for the investor and family with a pathway to permanent residency. What Are the Drawbacks? New Zealand's system is straightforward, but not for everyone: Who Should Consider It? This visa is best suited to: Roys Peak, Wanaka view looking out over the Diamond Lake conservation area of Mt Aspiring National ... More Park, New Zealand The Bottom Line New Zealand isn't offering escapism. It's offering a sensible, well-governed place to live, invest, and build—if and when you choose to do so. What Peter Thiel spotted years ago—an island of stability in an uncertain world—is now something more Americans are quietly considering. With the new Active Investor Plus visa, New Zealand has made it easier to open that door. American investor immigration to New Zealand is increasing and may be the most enduring. It may not be the cheapest program or the most flashy, but it could be the best overall.
Globe and Mail
2 days ago
- Business
- Globe and Mail
Knight Frank Launch Destination Saudi Guide to Investing in Luxury Real Estate in Saudi Arabia
Knight Frank, a global leader in real estate consultancy, proudly announces the launch of Destination Saudi Arabia, a dedicated initiative spotlighting luxury and exclusive property for sale in Saudi Arabia. With this strategic move, Knight Frank aims to further support high-net-worth investors and discerning buyers eager to capitalize on the exceptional opportunities within the Kingdom's fast-evolving real estate landscape. At the core of this initiative is Destination Saudi, a digital platform offering exclusive insights into Saudi Arabia's most promising real estate investment opportunities. Designed for both local and global audiences, the platform equips users with valuable tools to navigate the dynamic property market, from residential towers in Riyadh to beachside resorts along the Red Sea. By signing up, users gain access to a complimentary downloadable report packed with current market data, trend analysis, and expert commentary tailored to luxury property buyers. This launch is part of Knight Frank's wider vision to expand its footprint across the Middle East. With established offices and a seasoned team on the ground in Saudi Arabia, the firm provides localized knowledge, high-level advisory services, and a global perspective—essential for guiding clients through every step of the investment journey. The platform is user-friendly and updated regularly to ensure investors stay ahead of market trends and opportunities. Saudi Arabia's real estate market is undergoing a profound transformation, largely driven by Vision 2030, a national initiative aimed at economic diversification and urban development. Landmark megaprojects like NEOM, Diriyah Gate, and The Red Sea Project are reshaping the luxury landscape and attracting unprecedented levels of interest from institutional and private investors worldwide. As demand grows for premium residential offerings, mixed-use developments, and branded residences, Destination Saudi stands out as a central hub for insight and discovery. Whether buyers are focused on long-term capital appreciation, lifestyle-oriented investments, or high-yield rental properties, the platform simplifies the process of identifying and evaluating Saudi Arabia's finest real estate assets. For those looking to explore the next frontier in luxury investment, is now live, offering a trusted, data-rich, and globally connected gateway into Saudi Arabia's luxury property market. Media Contact Company Name: Knight Frank Contact Person: Faisal Khokhar Email: Send Email Country: United Arab Emirates Website:
Globe and Mail
2 days ago
- Business
- Globe and Mail
Raymond James Welcomes Experienced Financial Advisor Managing $750 Million in Georgia
ST. PETERSBURG, Fla., July 21, 2025 (GLOBE NEWSWIRE) -- Raymond James recently welcomed financial advisor Robert Chanin to Raymond James & Associates (RJA) – the firm's employee advisor channel – according to Gregg Stupinski, South Atlantic regional director for RJA. Based in Macon, Georgia, Chanin provides clients with comprehensive wealth management, specializing in high-net-worth clients. He arrives from Stifel, where he previously managed approximately $750 million in client assets. 'At this point in my career, aligning with Raymond James allows me to deliver a broader suite of capabilities to meet the increasingly complex needs of my high-net-worth clients,' said Chanin. 'The firm's extensive resources and planning infrastructure enhance my ability to provide the white glove service my clients expect.' Chanin began his career in 1979, bringing over 45 years of industry experience to his role as managing director. His experience is backed by a bachelor's degree in business administration from the University of Georgia. 'Robert's decision to join Raymond James reflects the firm's continued appeal to seasoned advisors seeking the freedom to serve their clients on their own terms, without compromising on resources or support,' said Stupinski. 'His dedication to personalized wealth management aligns perfectly with our client-first culture, and we are proud to welcome him to our Macon branch.' About Raymond James & Associates Raymond James & Associates, Inc. (RJA), member New York Stock Exchange/SIPC, is an industry leader in financial planning and wealth management services for individuals, high-net-worth families, corporations and municipalities. RJA is a wholly owned subsidiary of Raymond James Financial, Inc. (NYSE-RJF), one of the nation's premier diversified financial services companies with advisors throughout the United States, Canada and overseas. Total client assets are approximately $1.58 trillion as of May 31, 2025. Additional information is available at
Forbes
2 days ago
- Business
- Forbes
Keep What Matters, Transfer What Counts: A New Approach To Estate Planning
Starting in 2026, the federal estate tax exemption is expected to jump to $15 million per person (that's estimated to be $30 million for couples). It's a big opportunity for high-net-worth families to get ahead with their planning; however, many hesitate. And if that sounds like you, you're not alone. One of the most common concerns I hear in conversations with clients is this: "I don't want to give up control. Or access. Or income." Totally fair, but here's the good news, modern estate planning isn't about giving everything away. When done right, it's about protecting what you've built, while keeping the flexibility and control you care about most. Don't Let the Tax Tail Wag the Dog Whether you're updating existing plans or starting from scratch, remember taxes shouldn't be the sole driver. Given enough time, the tax code offers multiple ways to address wealth transfer efficiently. Instead, begin with this question I learned from fellow board member Eleanor Johnson: 'What do you want to be known for?' It's a powerful shift in perspective. Once you clarify your legacy goals, your estate plan becomes a vehicle to achieve them. That might look like: I was recently speaking to a room of about 300 people and asked, 'How many of you know someone who's paid estate tax?' Maybe 15 hands went up. Then I asked about lawsuits. Around 40% raised their hands. Divorce? Nearly 80%. The point is, estate taxes get a lot of attention but in reality, things like divorce, lawsuits, poor succession planning, or bad business decisions are far more likely to chip away at your wealth. A sound estate plan guards against these risks, too. Liquidity Is Often Overlooked Most of my clients' own businesses making up 50% to 90% of their net worth, with limited liquid assets. In these cases, the biggest threat isn't just tax, it's the lack of cash flow and asset diversification. What happens if a key owner dies prematurely? The family may lose not only income, but the value of the business itself while also facing an estate tax bill. Another challenge arises when dividing assets among children. Often, one child is involved in the business while others are not involved in it. Without liquidity, it becomes difficult to equalize inheritance fairly, a common source of family tension. Permanent life insurance can help:Even if no crisis occurs, life insurance can offer long-term flexibility and tax-free leverage. Please consult with your own personal tax attorney for tax counsel. Strategies That Preserve Control and Income Modern planning tools can provide opportunities which allow you to transfer wealth without losing control or income. Here are three common tools used, typically in combination, to achieve this goal:These strategies aren't about losing control; they're about repositioning assets for long-term efficiency while keeping your financial independence intact. The best plans start with a clear vision and are backed by solid data. Work with an advisor who can walk you through different planning structures and model the impact of each option, including:The Window Is Open but Could Close Yes, the 2026 law makes the $15 million exemption 'permanent,' but nothing in tax policy is truly permanent. Future administrations can reverse course. My colleague Michael Amoia coined the term 'Political Life Expectancy' — your life expectancy divided by four. Why? Because every four years brings the possibility of a new administration, and with it, a new tax code. If you're 60 today, you could see seven to eight major policy shifts before your estate is settled. That's why flexibility is the most important feature of any estate plan built today. Waiting could cost a significant amount of its assets, taxes and worse, if your estate lacks liquidity, your family might be forced to: And don't forget: your assets are likely to grow over the next decade. Transferring them now, while they're still appreciating, creates the opportunity for major tax savings. What Should You Do Now? In today's climate, a smart estate plan should: You don't need to give it all away. You just need to act while you still have control, clarity, and leverage to choose how and when to use your resources.
Forbes
2 days ago
- Business
- Forbes
Family Office Learnings From This Year's Most Noteworthy Collectible Sales
Thomas H. Ruggie, ChFC®, CFP®, Founder & CEO, Destiny Family Office. Million-dollar collectible sales write splashy headlines, but as family office professionals, they capture our attention not for the dollar figures but for what we can learn from them. Each headline sale is brimming with valuable lessons for high-net-worth collectors. In servicing our clients, we monitor industry activity closely to understand how they can better optimize their collections for financial success. Thus far in 2025, various significant collectibles have dazzled with their sales prices, and I've synthesized several key themes that demand consideration from collectors and their advisors. The highest standards of authentication are a necessity. This spring delivered two remarkable game-worn NBA jersey sales, highlighted by the staggering magnitude of their capital appreciation. In March, Sotheby's sold a Chicago Bulls jersey worn in the preseason of Michael Jordan's rookie year for $4,215,000. The jersey last sold in 2009 for just $66,000. Not to be outdone, Kobe Bryant's regular season debut jersey notched a sale price of $7,004,000 in April. It last crossed the auction block in 2013, selling for $115,242. How did these museum-quality pieces multiply in value by factors of more than 60? The elevation of the market for game-worn sports memorabilia certainly played a role. High-end sports artifacts have risen in stature and sales prices to a tier previously reserved for fine art. As recently as early 2022, the record for the most expensive game-worn sports memorabilia was $5.6 million. Today, that record is $24.1 million, supercharged by the sale of Babe Ruth's 'Called Shot' jersey in 2024. But the meteoric rise of the two game-worn jerseys sold this spring is not merely the result of broader market appreciation. When these jerseys came to market previously, they did so without stringent third-party authentication substantiating their in-game use. Upon their return to auction this year, both lots improved upon more informal photo-matching efforts offered in their prior listings, presenting thorough photo-matching authentication from multiple providers. A glance at any ranking of the most expensive game-worn items ever sold reveals that a vast majority of them were authenticated using this method, in which reputable authenticators match unique characteristics of a garment to their appearance in period-specific photographs. The lesson is essential for collectors: Pursuit of the highest available authentication standards is of paramount importance to an item's marketability. Even collectors who have no immediate intention of selling should heed that lesson. By confirming their items' authenticity, collectors ensure their families can realize full value for them in their absence. Failure to authenticate an item and preserve the accompanying documentation leaves inexperienced heirs with a steep learning curve to climb. Regardless of circumstance, obtaining the most stringent authentication could represent the difference between an item worth hundreds of thousands of dollars and one worth millions. Asset sales while living are a critical component of planning. Early 2025 saw Bernie Ecclestone, one of the godfathers of F1, sell his unparalleled collection of Formula One cars—reportedly worth hundreds of millions of dollars—through high-end dealer Tom Hartley Jr. Ecclestone explained the impetus for the sale: 'After collecting and owning [my cars] for so long, I would like to know where they have gone, and not leave them for my wife to deal with should I not be around.' His thought process should resonate with collectors whose heirs have little knowledge of their collections, as a proactive sale can create simplicity and reduce undue burdens in estate planning. While owning collections through death can offer financial benefits, the right choice for each collector is highly circumstantial and deeply personal. For Ecclestone, gaining certainty about the collection's next chapter while simultaneously ensuring his family would be unburdened by it was a tidy outcome. Collectors can use passion assets to leave a legacy. In February, Sotheby's sold a violin crafted by Antonio Stradivarius in 1714 for $11,250,000. The Joachim-Ma Stradivarius, named for prior owners and prolific violinists, Joseph Joachim and Si-Hon Ma, is the latest in a remarkable string of Stradivarius violins to reach eight-figure prices. Though the sale is over, the proceeds will shape the future of music for decades to come. Si-Hon Ma passed away in 2009, and per his wishes, his estate donated his Stradivarius to the New England Conservatory, where he was a student in the 1950s. That donation came with the stipulation that the conservatory could one day sell the instrument, provided it used the proceeds to fund student scholarships. After several years of use by advanced students, the Conservatory consigned the violin this winter, generating funds that will enable the establishment of the largest named scholarship program in the Conservatory's history. When estate planning, many collectors face a series of difficult decisions. Bequeath to heirs or sell now? Keep or donate? And if donating, to whom and for what? Si-Hon Ma's Stradivarius illustrates the capacity of passion assets to cement lasting legacies when collectors plan thoughtfully. In pursuing the items meaningful to them, collectors compose a rich personal story. However, by planning diligently, they can ensure that the final chapter is the most rewarding. Beneath the surface of every multimillion-dollar collectible headline, collectors can find myriad valuable lessons on collection stewardship. Just as assembling the perfect collection requires attention to detail and nuance, so too does its ongoing management. Exercising diligence in collection-related organization and planning can be the difference in unlocking and preserving millions of dollars in value for the purpose of the collector's choosing. The information provided here is not investment, tax or financial advice. You should consult with a licensed professional for advice concerning your specific situation. Forbes Finance Council is an invitation-only organization for executives in successful accounting, financial planning and wealth management firms. Do I qualify?
