June 30, 2009
With increasing costs and decreasing revenues on my fee based business (30% decrease due to market declines) this would cause a VERY NEGATIVE affect on my bottom line and perform no good for my clients. All my clients funds are actively managed by 3rd party fund companies, I do not custody the money or decide when the rebalancing trades are done. Genworth Financial and Principal Financial SAM accounts make the decisions and study the money.
Thanks for listening...