The Presidential Daily Brief


  1. An illustration of people taking money from one another.

    Millennials Ditching Family Money Managers

    They’re trying to fix what was brokeraged. Younger generations are set to inherit about $36 trillion from their parents over the next five decades — but changing mores about investments might mean that the brokerages and money managers sustained by that old-money business are in trouble. As young folks scarred by watching the boom-and-bust maelstroms of 2001 and 2008 opt for more passive, risk-averse money management, active investors may find themselves trading on talents no longer valued in the industry.

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