While luxury goods sales are expected to grow between 1% and 4%, experiences are on track for growth of between 3% and 7% this year, according to a new report.
Most registered investment advisors say they serve wealthy clients. The CNBC Elite Advisors list aims to help ultra-high net worth investors narrow the field.
The deal marks a bold experiment in the wealth management industry that could shift the balance of power from advisory firms to wealthy groups of investors.