Role reversal: When should children talk to parents about money?
As baby boomers grow older—and presumably wiser about financial matters—more are finding themselves in the position of caretaker for elderly parents.
by Neil Canell, Jay CanellJay Canell and Neil Canell are managing directors and portfolio managers in Morgan Stanley’s Avenue of the Americas office.
Jay is experienced in equity investments with areas of focus that include portfolio analysis, access to lending services, mutual funds and the firm’s professional money management programs. A Professional Alliance Group director, Jay coordinates and manages the firm’s referral relationships with various trusted advisors such as attorneys, sports agents, entertainment industry executives and CPAs.
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Neil focuses primarily on the fixed-income marketplace with a specific emphasis on products such as municipal and corporate bonds, preferred stock and structured products. He also coordinates alternative liquidity strategies for the Canell Group’s clients. Additionally, Neil is a director in the firm’s Global Sports and Entertainment Division and is the group’s primary contact for its professional athletic clientele.
