July/August 2014 Openers

Wealth study reveals need for education

Wealthy people say they want to preserve their money for the long term, but most don't know how much they can afford to spend each year without risking depletion of their assets. So reports Merrill Lynch's Private Banking & Investment Group, which recently released a study of 171 U.S. consumers with $5 million or more in investable assets.

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About the Author(s)

Barbara Spector

Barbara Spector is Family Business Magazine's editor-at-large.


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