Same name? It's a shame
Mountain View, CA (PRWEB) April 3, 2009
Helen A. Dietz, President and CEO of Stanford Investment Group, Inc., an independent investment advisor and broker-dealer, was contacted by InvestmentNews, a weekly newspaper covering the financial advisory business, to see how the Stanford Financial Group controversy affected her firm's business. In the March 23, 2009 issue of InvestmentNews in the article titled, "Same name? It's a shame," Dietz discusses the actions her firm took to disassociate itself from recent news about R. Allen Stanford and his group of companies.
As stated in InvestmentNews, "When the news broke last month about the alleged $8 billion fraud at Stanford Financial Group, Helen Dietz - president and chief executive of 'the other Stanford' - threw her advisory firm's client outreach into overdrive. Her firm, Mountain View, Calif. - based Stanford Investment Group, Inc., had nothing to do with the massive scheme allegedly hatched by billionaire R. Allen Stanford and operated through various financial affiliates of his Houston-based company."
"'Our current clients were impressed with how proactively we were reaching out to them,' she said."
Stanford Investment Group, Inc. went into a crisis-management mode and has been very proactive throughout this economic downturn to communicate with its clients. Their continuous communication to clients regarding market conditions and other developments has been positively received and appreciated.
Subsequently, when the news broke about R. Allen Stanford, the firm's clients were not very concerned. The controversy regarding Stanford Financial Group has heightened the profile of Stanford Investment Group, Inc. and solicited queries from new client referrals.
The firm has no plans to change its name and as stated in InvestmentNews, "'We weathered this storm quite well,'" Ms. Dietz said. 'And the name will be stronger coming out of this.'"
Stanford Investment Group, Inc., located in California's Silicon Valley, has 26 years of experience guiding clients through many economic cycles and market changes.
For more information visit the Stanford Investment Group website at: http://www.stanfordinvestment.com
To read the full article in Investment News, follow this link:
Stanford Investment Group, a Registered Investment Advisor and Broker/Dealer is not affiliated with Stanford University.
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