Attention Good Advisors: I want to know YOUR story

Attention Good Advisors: I want to know your story. The Investment News daily news bulletin hit my inbox on Tuesday with the following: - Wells Fargo and Bank of New York Mellon sued over role in Medical Capital ‘scam’ - Finra bars ex-Morgan Stanley rep for allegedly bilking 97-year-old’s charity - Wells Fargo exec fired for entertaining in Madoff victim’s home - Widow files arbitration claim against Deutsche Bank, claiming risky fund was sold to her as safe - Merrill Lynch settles Texas case for $12.7 million Okay, so the financial crisis had very little to nothing to do with retail brokerage, or the wealth management industry. Big firms made big bets on mortgages and lost. That said, it is hard to ignore the consistent headlines of greed, malfeasance, and improprieties that we still read every day. There ARE a lot of Bad Advisors out there. And we all know that Bad News makes headlines, while Good News is just considered boring. The public at large thinks that everyone connected with Wall Street is greedy and responsible for the current recession. Good Advisors out there: You need to make the effort to publicize the good that you do for people. It won’t necessarily hit the newspapers, but if you email me your good works, I will make the effort to make sure the story hits my blog sometime in the near future. I will not use your name, or your firm’s name, or any specifics that would enable anyone to identify you. But the public needs to see that the overwhelming majority of Advisors are Good Advisors, working very hard to keep their clients’ assets safe. Have you preserved someone’s wealth? Protected a legacy? Helped put a client’s children and grandchildren through college/medical school/law school? I want to hear about it. And so do your beaten down colleagues. My email is danny@leitnersarch.com.