Wall Street’s spin on summer school is currying favor with their wealthiest clients’ kids.

Wall Street’s spin on summer school is currying favor with their wealthiest clients’ kids. Every summer, Morgan Stanley holds a conference for the Millennial-aged children of Private Wealth Management clients (who have invested at least $20 million). The Millennial generation controls 10% of the world’s wealth (16% by 2020), but only holds 6% of assets managed by private banks. With classes like “Time for a Prenup?” and “Show me the Money! Investing 101,” Morgan Stanley is hoping to “plant the seeds” for new business. (Reuters)