Wednesday, September 27, 2006

When will it end?

Stockbrokers love switching mutual funds. They don't love it for the client, they love it for the commissions. The beat still goes in fine fashion. With such large mutual fund complex's that offer such a wide variety of asset classes and diversified funds there is nearly ZERO reasons for switching out of one fund family and moving to another. Don't believe the brokers pitch when he/she calls giving you a variety of reasons why your money should be moved to a "better" fund.

Wall Steet has scant interest in fixing this mess. In theory, we should be entering a golden age of investment advice, with stockbrokers helping all of the baby boomers to manage their retirement money. Yet, rather than helping investors, Wall Street is more intent on profiting from them. The brokers aren't fiduciaries, they aren't looking out for the best interests of the clients with a fiduciary duty.

As an arbitrator for the NASD and the NYSE for over a decade you can take that to the bank.

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Native American Advisors CHIPPEWA PARTNERS

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173