Asset Management
August 2nd, 2008 | by admin |Wealth offers an important mechanism of the inter-generational transmission of inequality. Approximately half of the wealthiest people in America inherited family fortunes. But the effect of inherited wealth can be seen on a more modest level as well. For example, a couple that buys a house with the financial help from their parents or a student that has his or her college education paid for, are benefiting directly from the accumulated wealth of previous generations. Of course a person of humble means who maximizes his or her potential can achieve the same wealth if he or she knows how to leverage educational gifts and the assistance of an F&C Asset Management company.
