Thursday, January 12, 2012

Feeling left out by Merrill Lynch? Welcome home!

Merrill Lynch is run by Bank of America executives who were never stockbrokers.  Merrill  Lynch now penalizes Advisers for opening up accounts less than $250,000. The payout  the stockbrokers gets is lower.  If you are a serious investor in Alpharetta or Milton,  Georgia we welcome your inquiry.

“We manage hard-earned money. We are fiercely independent and pride ourselves on hard work and unbiased critical thinking. I find it disturbing that every broker, banker or insurance agent with a pie-chart calls themselves a financial planner.  We don’t do taxes, we don’t pitch insurance, and we are not estate planners.  Our clients hire full-time accountants and attorneys when they need specific help.”

“One aspect of our success has nothing to do with money. The bottom line shouldn’t be measured just in dollars and cents. We never forget where we came from. We could never tell a prospective client we have a minimum account size.  Why would Dean Parisian, raised in the poorest county in America, tell someone they’re too small to get world-class investment help?”

 From a Chippewa Partners seminar in Rancho Santa Fe, CA

“The economic role of a client for a brokerage firm is to enrich the brokers.  Brokers are trained to sell investments that generate huge fees and commissions and typically have an agenda other than your financial welfare. The interests of Wall Street and the media are not aligned with those of investors. The NASD makes it very clear; investors should never let their guard down with brokers who have a sales agenda.  Do you really want to trust your portfolio and retirement to a broker-salesman?” 

 “As an arbitrator for the New York Stock Exchange I censured many stockbrokers and know that investors often confuse a sales pitch with impartial investment advice.  Do you think Tiger Woods and Bill Gates use stockbrokers to increase their net worth and protect their assets?  Not a chance.  The simple answer is they have competent, unbiased investment managers. They hire investment management professionals to manage their assets.  So should you.”

From a Chippewa Partners Atlanta Athletic Club seminar.



“Trading in IPO’s are not part of our methodology. Their problems stem from the deliberate overpricing of new shares, which creates a huge wealth transfer from a newly public company to the major customers of an investment bank.  Shareholders are much better off in the long run with a higher net worth than with an artificial and temporarily high stock price. IPO’s are allocated to clients who pay big commissions. Those responsible for completion of an IPO are the lead underwriters.   If brokers were held liable for the tremendous carnage inflicted on early buyers of IPO’s the mispricings would end.  Those responsible for a company are the directors.   If directors were held liable for the eradication of corporate assets, the mispricings would end.  We don’t play the game by paying big commissions for syndicate allocations of initial public offerings.”



Dean T. Parisian, Chairman, in a letter to the Wall Street Journal 



 

 

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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