Title : Divestitures, Bankruptcies and Mergers, Oh My! Who Do You Trust With Your Money?
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Divestitures, Bankruptcies and Mergers, Oh My! Who Do You Trust With Your Money?
Over the last few months, most people were not sure whether their investments would still be with one of the large brokerage houses, or sold at auction to the highest bidder. With Merrill Lynch, Morgan Stanley, Lehman Brothers, AIG, Bank of America, Barclay Bank and Washington Mutual in the headlines, following on the heals of the purchase of AG Edwards by Wachovia and Legg Mason by Citigroup, the question is "where IS your money?" In light of the current divestitures, bankruptcies, mergers and acquisitions, there has never been a more important time for affluent investors, who own corporations that provide jobs to others, give large amounts of their savings to charities, and take care of family members who need their help, to take stock (pun intended) of who your financial advisor is now representing with his/her financial advice. If the top household names in the industry can't manage their own finances, how can they manage yours?
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