Quarterly Thoughts – Q1 2010

Out of the ashes rises the Phoenix – almost. The “ashes” of the financial crisis we have experienced could have given rise to a new “financial Phoenix”: a total standard of fiduciary care and responsibility by the financial industry. It almost happened when legislation was proposed which would have created such a standard. But in the end, it was defeated by powerful, conflicted financial institutions: brokerage firms and the insurance industry. WealthStep has always held itself to this high standard.
• We will always put the client’s best interest first. We will act as a fiduciary to our clients at all times.
• While neither we nor anyone else can promise superior investment returns, we will provide impartial advice and act with skill, care, diligence and good judgment.
• We will provide full and fair disclosure of all important facts, including being fully fee transparent.