Key Takeaways
- Jay Korff, a Boston-based wealth manager, built a 30-year career at Morgan Stanley, managing over $600 million in assets and mentoring future financial advisors.
- He earned recognition as the youngest member of the Chairman’s Club and later served as Senior Vice President, specializing in asset allocation, tax strategies, and wealth preservation.
- Even after retiring in 2010, Korff’s influence persisted through philanthropy, notably supporting the Dana-Farber Cancer Institute.
- Inflation significantly impacts asset allocation by reducing purchasing power, driving interest rate hikes, and influencing market valuations.
- Equities, commodities, and inflation-protected securities often act as hedges against inflation, while long-term bonds can lose real value.