The Heine family took advantage of Netwealth's strong results and buoyant share price yesterday to sell down about $76 million worth of shares in the company -- a tiny sliver of their expansive holding.

Two former Morgan Stanley financial advisers have started a new private wealth firm focused on HNW and UHNW clients.

A Lloyds auction of the estate of controversial former Queensland premier Joh Bjelke-Peterson produced mixed results.

For the first time in eight years, more high net worth individuals (HNWI) emerged in North America than in the Asia Pacific region.