Portuguese financial firm wants to help the very well-to-do manage wealth. Lisbon-based investment-consulting firm Unicorn Ventures is launching a wealth-management unit for ultra-high-net-worth families mainly, but not exclusively, in Europe.

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Unicorn's new business will work with families worth at least 20 million euros -- that's about $28 million at today's rate of exchange -- to help meet their "highly specialized requirements," according to a statement from Unicorn.

Definitions of "ultra high net worth" vary from firm to firm. Business consultancy Capgemini, which publishes an annual survey of the world's high-net-worth market, makes $30 million in financial assets the cut-off for ultra-wealth status.

Unicorn has yet to staff the new unit, but says its looking for an ultra-wealth team that will bring significant experience and a breadth of product knowledge to the table. -FWR

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