Bloomberg: Todd Morgan Quoted in “Wealthy Investors Shrug at Facebook’s IPO”
"Wealthy Investors Shrug at Facebook’s IPO," by Elizabeth Ody and Margaret Collins, Bloomberg.
People who have a broker may be able to ask for shares and the allocation may be determined by how much business they did at that investment banking or brokerage firm, said Todd Morgan, senior managing director at Los Angeles-based Bel Air Investment Advisors, which manages about $6 billion. Investors trying to obtain shares now may not gain access to a large enough allocation to have an impact on their portfolios, he said.
Click Here to read full article.