Where are the Leaders?

2 Feb

Not sure who said this but it applies very well across the globe today. “Leadership involves remembering past mistakes, an analysis of today’s achievements, and a well-grounded imagination in visualizing the problems of the future.”

Whether divisiveness in Europe, the Middle East or here at home what is needed is leadership.  We seem to be very good at recalling the mistakes and trying to place blame. But our current world leaders have no skill in analysis of today nor any imagination for a better future.

You know where else we lack leadership in this world? People’s money and savings. Whether it is a poorly constructed 401(k) at work or Wall Street’s continual refusal to do what is right by the American public due to their out-sized need for egregious profits, the industry of financial advice lacks solid leadership.

The quasi-regulators at the SEC and FINRA would rather focus on making sure this blog is written in an ‘approved’ manner than catch crooks like Clay Stephens or Bernie Madoff before they destroy the finances of so many. Why are they focused on the wrong places, time and again?

Advisers in Sonoma County and all over the country continue to legally sell awful equity indexed annuities, garbage private or ‘alternative’ investments, stuff people into insurance policies they don’t need and worse.  All because the regulators in power refuse to stiffen their backs to heavy industry lobbying.

Individuals far and wide continue to bank at major Wall Street corporations, continue to invest on the advice of major Wall Street corporations and continue to get fleeced by both.  Why? Why do folks do things against their self-interest?

Out here, in our humble Santa Rosa outpost, we keep swinging at the windmills.  We keep urging people to take responsibility with their money.  To find a financial adviser who is independent of Wall Street, someone they can trust will put the client’s interests before the advisor’s.

So, I commend you reading this. Many of you are our clients.  You’ve placed your trust in a firm that respects and appreciates you rather than sees you as an easy mark, a dollar sign, a chump. You are ‘shopping locally’ when you engage our firm.  You are telling Wall Street you’ve had enough. You are telling your government there is a better way to regulate the securities world. Thank you!

Share this with your friends. See if they are fed up with the misdirection, the half-truths, and the obvious skullduggery of the big guys on Wall Street.  Let’s go have coffee with someone you know who might be tired of all this.  Let’s keep swinging at windmills and see how many we can take down!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: