Madoff's Silver Lining

Your favored charity may have had to close its doors. Your once-comfortable grandmother may have lost her life savings. But even Bernard L. Madoff's alleged swindle has a silver lining for some.
With little else to pull out of the hat in this dismal year of investing, some money managers are using the Madoff scandal as a calling card. It might be enough to just point out that their clients remain solvent. But some lucky managers can show how their keen insights would have kept a few client that way, if only they had listened.
Yesterday, Loren Weiss, of UBS Wealth Management, blasted an email to potential clients explaining how she tried to steer one investor away from Madoff's clutches, to no avail. The client, "moved his account (his life savings) to Madoff," she wrote. "I ...
wish I'd been wrong."
Her email ends with the usual pitch for business, noting her "interest in" helping potential clients "in the coming year." But, if the included letter (see the Madoffletter.pdf link at the bottom of this page) is any indication of her prowess, a few of those on her email trail might just decide to give her that call.
Blog reactions
No reactions yet.| Attachment | Size |
|---|---|
| MadoffLetter.pdf | 8.95 KB |
- Stumble
- Kit R Roane's blog
- Add new comment
- 27748 reads
- Send to friend
