Word: weigandt
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Dates: during 2002-2002
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Over the next 15 years, heirs will come into more than $10 trillion, and most will rejoice. But those who aren't prepared may find that sudden wealth complicates their life. "I've seen kids in the inheritance business," says Don Weigandt, an adviser at J.P. Morgan Private Bank. "All they ever thought about was how to get Dad's money. What happens after they...
...remains dominated by pensions and endowments. An investor with less than $3 million may not get decent diversification, and advisers caution that private equity should be no more than 10% of a portfolio. "That level doesn't add a lot of overall risk but can juice returns," says Don Weigandt, a wealth adviser at J.P. Morgan Private Bank. The perfect candidate, then, is worth $30 million or more...
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