Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 173.43

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3:59 PM EST

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To: Voltaire who wrote (55598)	12/22/1999 7:52:00 AM
From: Jon Koplik	Read Replies (1) of 152472

Voltaire - I once read an article about this HUGE inter-generational wealth transfer (via death) coming up over the next 10 to 20 years in something like Institutional Investor magazine or the WSJ or whatever (I cannot remember which). The whole thrust of the article was : although it was clearly stated that (of course) it was a little bit weird (and "ghoulish") to be talking about it, traditional asset managers are all "licking their chops" and "smiling ear to ear" waiting for the inevitable deaths and asset transfers to take place because of all of the business that should flow to them. Although I know "traditional asset managers" WILL get some of the funds, I hope and assume they will get a lot less than they would have received many years ago. Things like Vanguard Index 500 mutual fund, plus people daring to "do things themselves" (in general) more today than in years past should help to deprive the "traditional asset managers" of at least some of their (rip-off) fees. (I know some people will (unfortunately) really screw up if they handle investment funds themselves. But, the (excessive) fees avoided by those who do things themselves will be massive). Jon.

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