ETHAN MORGAN
MANAGING DIRECTORMARKET MANAGERORANGE COUNTY/SAN DIEGOJPMORGAN
WHY: Market manager for private bank’s ultra-high-net-worth clients in Orange County and San Diego. Manages growing team of professionals.
IN THE NEWS: Writes commentary for Business Journal’s weekly stock index.
QUOTABLE: “We’re helping our high-net-worth clients in Orange County navigate this new tax landscape, and a few key items from the bill stand out in our discussions. In a high-cost area like Orange County, the increase in the gift and estate tax exclusion to $15 million, adjusted for inflation, is very helpful and eagerly anticipated by nearly all clients. This provision, especially, will be welcome to many in Orange County given our real estate values have significantly higher appreciation compared to other markets.
Business owners in Orange County will see the real benefits in the new tax bill. Bonus depreciation is back at 100% for qualified assets starting Jan. 20, 2025. Plus, the 20% deduction for pass-through entities is here to stay, encouraging business owners to rethink their setup.”
