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JPMorgan is in a fight over its client’s lost $50m fortune

JPMorgan is in a fight over its client’s lost $50m fortune

Legions of Boomers have enough saved to be deemed sophisticated investors, yet many of those clients will inevitably face cognitive decline.

By the time Peter Doelger signed the paperwork to have JPMorgan Chase handle his fortune, he had built a company spanning the US, sold it to a conglomerate and bet the proceeds on stocks and oil, beating the markets.

By 78, he said he was worth at least $US50 million. And, according to his family, he was starting to show signs of dementia.

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Original URL: https://www.afr.com/markets/equity-markets/jpmorgan-is-in-a-fight-over-its-client-s-lost-50m-fortune-20231227-p5etv1