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 A
new book from Russ Alan Prince and Lewis Schiff, The Middle-Class
Millionaire: The Rise of the New Rich and How They Are Changing
America, details the transformation of the core affluent on America.
The book describes how these “Middle-Class Millionaires” have
a profound impact on our society, influencing the products and
services we buy, and the values we promote. In particular, it looks
closely at how a portion of the middle-class is pulling away from
the rest by amassing significant wealth, while maintaining the
middle-class values that make them an important bellwether of the
mood in America. The book shows us how this subset of America manages
to thrive with one foot in the world they came from (the middle-class)
and one foot in the world they now inhabit (the wealthy). The
Middle-Class Millionaire is based on extensive personal interviews with more
than 3,500 American households conducted in 2006. It provides a
three-dimensional portrait of a previously unrecognized demographic
group: the growing affluent middle class.. |
Ms. Grove is an expert on the demographics, psychographics, preferences,
finances and behavior of high-net-worth individuals and families
and is a well-regarded speaker, author and columnist. widely quoted
in the press. She spent more than 15 years in the financial services
industry working closely with institutional and high-net-worth
investors to develop sophisticated financial, planning and servicing
solutions. Ms. Grove, a private wealth consultant, works with companies
and entrepreneurs on working with the wealthy, and provides one-on-one
and group coaching with financial professionals on business growth
and best practices.
Private
Wealth: Advising the Exceptionally Affluent is the first
and only publication for the professionals focused exclusively
on meeting the needs and desires of ultra-high-net-worth clients.
Private Wealth delivers thought leadership to the advisor or
provider whose established business is centered on the exceptionally
affluent by providing cutting-edge news and research on the target
market, the competition, the latest financial and legal strategies,
and key lifestyle issues. Additionally, the magazine addresses
the insights, processes and techniques that translate into a successful
practice focused on the super-wealthy. Private Wealth distinguishes
itself with high-quality, sophisticated editorial structured around
key topics such as investments, estate planning, insurance, wealth
protection, lifestyle, business development and philanthropy. Unique
content is drawn from the extensive academic and practical
experience of its contributors – advanced planning specialists,
tax attorneys, concierges, family office directors, estate planners,
executive coaches, business managers, accountants, private security
specialists, investment professionals and researchers, among them.
