Head of Merrill Lynch Houston on Wealth and Philanthropy among New Millionaires

Houston Business Journal: Face to Face with Janet Caylor of Houston Merrill Lynch, 2008-Apr-11, by Casey Wooten: Houston is a wealthy area, and it is continuing to grow millionaire households at a rate 20 percent higher than the national average. According to Claritas, a market research firm, Houston has consistently ranked among the fastest-growing cities for millionaire households in America. ... Also, compared to our clients nationwide, Houston's wealthy are much younger. This new generation of wealth has been exciting to work with because they require sophisticated financial solutions. We have also found that, for the most part, they are extremely philanthropically minded.