Latest / The High Net Worth Podcast with Fexingo: Wealth Management, Tax Strategy, and Affluent Finance
Why the Ultra-Rich Are Rethinking Cash
This episode of The High Net Worth Podcast explores a quiet shift among ultra-high-net-worth individuals: the massive cash piles they've been holding since mid-2023 are finally moving. Lucas and Luna dig into the numbers — an estimated $1.6 trillion in U.S. money-market funds held by the top 1% — and what's driving the rotation. They look at one specific case: a multi-family office in Chicago that moved 40% of its clients' cash into short-duration municipals and structured notes over the past five months. The hosts discuss the tax implications, the role of the inverted yield…
The skinny
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