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Description: THE Great Recession has intensified a long-running debate: who is better able to look out for your money, a broker or an independent adviser? Now that the shock of last year’s losses has worn off, many investors are reconsidering what their financial professionals did — or failed to do — for them. At the same time, many brokers are trying to refocus themselves as advisers. Fed by the discontented, the debate has taken on a new urgency.

Source: NYTimes.com

Date: 02/17/2010

Link:  http://www.nytimes.com/2010/02/18/your-money/financial-planners/18TRUST.html?em

Questions for discussion:

  • Do you agree with the opinions expressed in this article concerning a switch in behaviors by investors?
  • How would you expect the financial services industry to respond to the issues raised in this article?

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