Let me see if I understand this thinking. The powers that govern Bear Stearns are upset that some of their salesmen are leaving the firm with the information of their brokerage clients. This from a firm that buried itself with little risk control, leveraged investments and bridge-playing management. Who can blame the sales force for fleeing? Anybody ever see a TV ad for Bear Stearns stockbrokers? Just more Wall Street crapola trying to say that the customers are the firms customers. The customer decides who manages his money. It's his money, something Wall Street and Bear Stearns have a hard time believing.
We welcome Bear Stearns clients to give us a call if you're tired of the stockbroker/saleman pitches.
It might be the smartest call regarding your retirement money you will ever make.
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