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How to fix the broken trust bond between investor and advisor

Posted Tuesday, June 23, 2009

Paul Sullivan gets right to the point in his New York Times "Your Money" column from June 13th. The investor-advisor trust bond is broken.

This is the ultimate reverberation from the Madoff scandal: trust, the foundation between wealth manager and client, has been called into question, if not destroyed.

Sullivan acknowledges that the Trust Gap reaches all levels, from neighborhood investment and insurance advisors up to national wealth managers at 100-year-old companies.

The author advises investors to cut through the clutter and investigate -- as best they can -- statement consolidations. But complex investments are transparent by nature. That's what enabled Madoff to fool so many for so long.

So now the backlash against Hedge Fund secrets affects how every investor perceives what is clearly written on his statement. Or as Sullivan writes:

the fundamental question is now "How do I know I own what you tell me I own?"

At the Annuity Connection, we can help answer that question with you. We'll work together to do the due diligence. That's our promise to you.




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