Berkshire Hathaway Inc. shares rose as much as 5.5% in premarket trading on Monday, set to push the market value of Warren Buffett’s conglomerate even closer to $1 trillion.
Revolut Ltd. raised $800 million from investors including SoftBank Group Corp.’s Vision Fund 2 and Tiger Global Management at a $33 billion valuation, the latest sign of investor demand for fintechs.
But a survey did flag some promising growth areas for wealth managers.
But some financial-services companies are using the disruption to fill key roles and bolster businesses.
Real estate is one of the largest asset classes held by rich families, and for those with sizable property empires, it is a cheap source of capital.
Some clients want to free up cash for investment opportunities, others to offset the cost of margin calls after borrowing against stock holdings.