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Marketplace: Todd Morgan was featured in the article, “Snap’s IPO creates a new class of young money.”

“Snap’s IPO creates a new class of young money”, by Reema Khrais, Marketplace.

Todd Morgan, chairman of Bel Air Investment Advisor in Los Angeles, said his firm is already in talks with some Snap employees. He said because many new tech millionaires come from the start-up culture, the first thing they want to do with their new money is risk it.

“They might sprinkle it around in 10 different deals, maybe put $50,000 in a deal, hoping that one of them will be the next Facebook,” explained Morgan, who helps clients manage their wealth.

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