Future of diversification

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That is the conclusion of family office managers and investment professionals who say wealthy families need to be treated like institutional investors and not private individuals.

While diversification in the investment process is not dead and gone, it has changed, says GWM Group’s chief investment officer Paul Kennedy.

“I’m not sure that anyone is going to say that diversification is not beneficial in the asset allocation process,” says Kennedy.

“The concept of diversification is based on the old

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