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September 30, 2020

CNN: Todd Morgan Quoted in "Why you pay taxes, and rich Americans -- like Donald Trump -- don't always have to"

"Why you pay taxes, and rich Americans -- like Donald Trump -- don't always have to" by Anna Bahney, CNN.

Todd Morgan, chairman of Bel Air Investment Advisors, has been in high-net-worth wealth management for 40 years and said he's never encountered a client with a tax return like those the Times described Trump as filing.

"If I had losses like that I'd be out of business," he said.

Morgan said his firm works to keep clients wealthy for generations, not just rich right now. "We try to minimize taxes for our clients. But we're not this successful [as Trump]. And that's for the best."

Read the full article here.