The relationship you think is based on trust might instead suffer from conflicting interests. — Patrick McDevitt
New York, NY (PRWEB) August 28, 2013
Wall street investors can take an important lesson from recent sports headlines, according to the Abernathy Group II Family Office.
"A disturbing trend is how accustomed we are to getting duped by A Big Lie," says Steven Abernathy, Chairman and co-founder of The Abernathy Group II Family Office. "In professional sports, when Lance Armstrong or Alex Rodriguez, for instance, who both knew the rules, chose to ignore them, and all the while said, “I didn’t” or “I don’t” to the public, each time it happens the public is less surprised. The same thing is going on across the board in the financial industry."
Are the rules different for everyone? There are supposed to be clear consequences when the agreed-upon rules are broken. Read the full story on the blog.
All too often the rules, as one publication called HSBC, “Too Big to Jail,” don’t stick. Scandal prevails. Or, the 15 brokerage firms being investigated about the way high risk, esoteric products were marketed and sold to senior citizens is considered par for the course.
So what happens when a stock broker, who is not formally obliged to act in an investor’s best interest at all times with fiduciary responsibility has the reins? Find out the Six Most Crucial Questions You Need to Ask.
The answers may be surprising.
Wealthy families have been bypassing brokers who don’t work in their interests for decades; they play the set of rules which best suits them. Want to know more about them? Check out the secrets of wealthy families and send us your questions.
About the Company: Steven Abernathy and Brian Luster co-founded The Abernathy Group II Family Office and the country's first Physician Family Office (PFO). The Abernathy Group II Family Office sells no products, receives no commissions, and is independent, employee-owned, and governed by its Advisory Board comprised entirely of thought-leading professionals. They are regular contributors to several publications and blogs including The Huffington Post.
The information contained in this blog is provided solely for convenience purposes only and all users thereof should be guided accordingly. The Abernathy Group II does not hold itself out as a legal or tax adviser. If you wish to receive a legal opinion or tax advice on the matter(s) in this report please contact our offices and we will refer you to an appropriate legal practitioner.