Friday, January 19, 2007

REAL FEAR.........

It's been years since I have stepped foot in a brokerage office. Too scary. As a money-manager I take hundreds of calls every year from brokers pitching every type of "new" and "unique" investment product on earth. I guess the older I get the more fearful I am of having to listen to a broker or commission-type financial planner tell somebody with serious money how to plan their retirement. It is usually the broker planning their retirement with the clients commissions.

The best way to describe my fear would be to make the analogy that having to rely on a salesman/stockbroker to safeguard retirement money would be like relying on a pothead to safeguard the Fritos. Never forget, those stockbrokers fancy titles are not awarded for achieving investment results; they are for charging fat fees and big commissions.

Next week I have to go to a brokerage office and extricate an account for an elderly widow who is a new client of Chippewa Partners. I should bring an attorney along for what the broker did to this lady over the years. Sickening.

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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