WHAT’S UP
The week, distilled
INVESTMENT
With geopolitical uncertainty and supply-side shocks redefining volatility, KKR, through its quarterly Wealth Investment Playbook urges investors to prioritize quality assets, durable cash flows, and selective exposure as public market valuations leave little room for error.
#assetallocation #supplysideshocks #volatility
UHNWI
Sunday Times Rich List 2026. Britain's 350 wealthiest share a combined £784 billion, billionaire count edges up to 157, and David Beckham becomes the UK's first billionaire sportsman, though the list also maps an ongoing exodus of wealthy residents following non-dom tax reforms.
#wealthranking #ukwealth #wealthmigration
WEALTH MANAGEMENT
Revolut is set to launch a private banking offering in the UK for mass-affluent clients, backed by a new FCA licence, the latest sign that Europe's most valuable fintech is closing the gap with traditional private banks.
#fintech #wealthmanagement #industryshifts
PURPOSE
TIME100 Philanthropy 2026 maps more than $1 trillion in global giving. This year's cover features the Elbas and the Dells, whose $6.25Bn commitment to 25 million American children reframes what strategic giving at scale can look like.
#philanthropy #influence #giveback
WEALTH MANAGEMENT
Citi’s latest focus tackles family offices turning to AI not to generate alpha, but to stay lean, automating the operational load so small teams can focus on strategy. Privacy concerns remain the single biggest challenge on adoption.
#winemarket #ponzischeme #finewine
UHNWI
Business schools are moving into advisory territory long held by private banks, expanding programmes on governance & succession as wealthy families navigate increasingly complex ownership structures across generations.
#executiveeducation #familybusiness #familygovernance
WHAT’S THAT
This week’s visual clue.
Goldman Sachs: Opening the Door to Alternatives
Goldman Sachs surveyed 1,000 HNW and UHNW investors in the US to map private market participation. Alternative adoption scales sharply with wealth: just 39% of households with $1-5M in investable assets use alternatives, versus 80% of those with over $10M. The knowledge gap is equally telling, only 41% of advised clients have ever had a conversation with their advisor about private markets, while ETFs and tax strategies dominate the agenda.
The generational shift may be the most consequential signal. Millennials allocate roughly 20% of their assets to alternatives, compared to 11% for Gen X and just 6% for Boomers, and they view public equities as the riskier bet. As this cohort inherits and accumulates wealth, the report suggests alternatives are on track to move from a UHNW privilege to a standard building block of HNW portfolio construction.
Millennials: The New Alts Generation
WHAT’S ON
This week’s pick of entertainment
ATTEND
Women in Fintech 2026
May 28th
42 Lausanne, Switzerland
42 Lausanne, in partnership with the Fondation Vaudoise pour la Formation Bancaire, organizes an annual "Women in FinTech" seminar to bring together women from banking, fintech companies, and Swiss universities to co-build the finance of tomorrow. Unstacked is proud to be a media partner of the event.
ATTEND
Giorgio Armani Superyacht Regatta
May 26th - 30th
Porto Cervo, Italy
The Yacht Club Costa Smeralda's event returns to Porto Cervo, bringing together some of the world's most exceptional sailing vessels under the Armani flag. Set against Costa Smeralda, the regatta marks the unofficial opening of the Mediterranean sailing season for those who treat the sea as a second home.
