Alaska Trust Company's President Says Unbiased Private Investment
Companies Provide Better Options
ANCHORAGE, Alaska (Business Wire EON/PRWEB ) September 20, 2008 --
As long as the large, publicly traded investment companies are
focused on earnings per share and how to elevate their stock prices,
their investors’ money will
always be less secure, according to Alaska
Trust Company president Douglas Blattmachr, who has 30 years of
experience in financial management.
“When the primary focus of senior
management is quarterly earnings and they have to take risky investments
to look good, then the customer’s
best interest will never be served,”
said Blattmachr.
In the wake of yet another financial institution’s
demise, private investment companies such as Alaska Trust Company are
seeing an influx of phone calls from worried investors.
“Frightened consumers are looking for
other alternatives but they don’t
fully understand the advantages of investing their money with a private
company,” explained Blattmachr.
“We assure them that we have no
proprietary products nor do we take unnecessary risks with their money
to make shareholders happy. The bottom line is that if
their investments don’t succeed,
we don’t succeed.”
Blattmachr added that the advantages of a private firm also allow
the management to have more of a long term focus. “We
can focus on the future and spend money today to make sure that we are
stronger tomorrow.”
As for the frightened investor, Blattmachr gives the following
short term advice. Look at what you are invested in and how
your assets are being invested. Then ask yourself if you
can live with the potential loss that approach gives you.
In response to a tumultuous market, Alaska Trust Company put its
money market accounts into Treasury only funds. “The
bottom line is that the risk was too great out there for our customer’s
money,” said Blattmachr. “We
are fortunate that this was a decision we could make because we don’t
have a proprietary product to worry about investing back into.”
As for long term goals, Blattmachr suggests that consumers don’t
worry about today. “Ask yourself
if you think the market will be better in five to 10 years and talk to
an institution that will look at your objectives, completely unbiased.”
Alaska Trust Company provides wealth management solutions for more
than 1,000 clients who have entrusted the company with more than $4
billion in assets. The state of Alaska’s
unique trust laws allow the company to provide better asset preservation
and estate planning solutions to its customers, in addition to no state
income tax on investment income and trusts in perpetuity and much more.
For more about the many unrivaled benefits of Alaska Trust
Company, go to www.alaskatrust.com.
About Alaska Trust Company
The Alaska Trust Company was created to leverage the pioneering
laws of the progressive state of Alaska. With the goal of
making Alaska the best jurisdiction for establishing and administering
trusts, brothers and nationally recognized financial experts Jonathan
and Douglas Blattmachr conceived and drafted the Alaska Trust Act, which
passed the state legislature in 1997. Today, the hands-on
involvement of these same experts allows the company to provide
unrivaled wealth management and innovative trust series. For
more information about Alaska Trust Company, visit www.alaskatrust.com.
See the original story at: http://eon.businesswire.com/releases/alaska/trust/prweb1362044.htm
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