Fine vintage

The classic car market is on a roll, with auction prices breaking records. But not all vintages are cast-iron investments.
How do you preserve your wealth, pass it on to your children or give it away? How do you choose advisers, or handle the impact your wealth has on you, your family and your associates? FT Wealth helps find the answers to these and other questions affecting the wealthy.

The booming Chinese economy has spawned a new class of super-rich. In a country traditionally suspicious of wealth and marked by rising levels of inequality, it is inspiring a surge in private philanthropy, says Geoff Dyer.
Sandy Weill, the former chief executive of Citigroup, has left his banking career behind but his unflinching drive to succeed and extensive contacts make him a formidable philanthropist. By Francesco Guerrera.
Wealthy individuals are shrugging off troubled markets and continuing to spend big, especially in emerging markets.
The Twin Squirrel helicopter offers an efficient alternative to traffic queues or even private jets, but it may take a few lessons.
Sales in the art market are exceeding expectations, suggesting there is at least one class of investments still booming.

The classic car market is on a roll, with auction prices breaking records. But not all vintages are cast-iron investments.
Pictet, the 200-year old Swiss bank, argues that investors should maintain clear barriers between asset classes.

Funds of funds, widely used in recent years, are declining in popularity but they may still make sense for small investors.
With personal inflation rising rapidly, some wealth managers fear that equities may not offer adequate protection.

The Agnelli family, Italy’s most famous industrial dynasty and controllers of Fiat, have crowned their new 32-year-old scion.
London is the divorce capital of choice for the world’s wealthy. But settlements in England remain unpredictable.

Tax tops the list of reasons to live in Monaco but the tiny – yet wealthy – principality prefers to stress its other advantages.
Keeping children incentivised and motivated to forge their own careers when they know they will inherit family wealth is no mean feat.
Gavin Dein has remained loyal to HSBC since childhood and is being rewarded with sports industry contacts and advice.
Jean-Claude Biver stumbled into the watch industry by accident but his ability to revive brands has paid handsome rewards.

The sheer scale of large endowment funds allows them to take risks that create vast wealth for investors, writes John Authers.

Consolidated reporting enables investors to assess and compare the performance of their fund managers, says Matthew Vincent.
US generosity is less apparent because Americans tend to favour private giving, according to a leading index of philanthropy.
Stately homes suggest a life of luxury. But residents often face a quandry: sell the ancestral home or find a way to make it pay.