Friday, April 25, 2008

Here's the problem........

Commission based stockbrokers need "velocity" of clients assets. As in the infamous words of the friend who hired me in the securities business way back in 1982, brokers need to "make the book sing". The hundreds of millions of auction-rate securities that duped retail investors into thinking they were safe, after being told by their brokers that they were "safe" shows precisely how Wall Street needs to operate. You see, cash is king and often enough as a money manager, doing absolutley nothing with a clients assets except sit in a cash fund or money-market fund is the proper and prudent course of action.

Unfortunately brokers need to twirl some commissions to pay THEIR bills. Very seldom will a broker ever recommend a client go to cash with a huge percentage of a clients assets because cash doesn't pay commissions. If you are tired of being "twirled" for commissions give us a call.

It may be the smartest call you will ever make for your retirement money.

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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