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As the Alpharetta IBD Organizer I thought i would share the Trading Methodology of Chippewa Partners.
About Dean T. Parisian
Dean T. Parisian attended the United States Military Academy at West Point, the University of Minnesota and Hamline University School of Law. He earned undergraduate degrees in Education and Economics and began his investment career in 1982. He trained on Wall Street with Kidder, Peabody and Co. and joined Drexel Burnham Lambert, Inc. in LaJolla, California in 1984. He was a Trust Officer at First Union Bank and managed his personal holdings with significant success prior to founding Chippewa Partners in 1995. He was the first Native American mutual fund advisor licensed with the U.S. Securities & Exchange Commission.
Mr. Parisian, was an arbitrator for the New York Stock Exchange and NASD for a decade. He is a member of the Southeastern Hedge Fund Association, the Presidents Club at the University of Minnesota, the Georgia Ornithological Society and has been recognized in many financial publications.
His philanthropic interest is in Native American education and he has endowed a significant scholarship for Native American students. He is a member of the White Earth Band of Chippewa Indians.
His greatest accomplishments include raising two sons and 17 years of marriage to Pam Parisian, an Officer at AT&T. They enjoy travel and many outdoor activities.
About Chippewa Partners
www.chippewapartners.com
We are about doing the right things, the right way, for the right reasons for clients who don?t have the time, talent or training to manage a serious investment portfolio. We do the homework for the serious assets of some great clients around the world. We bring four things that can lack in big companies; energy, passion, courage, and independent thinking. I don't golf, don't go to cocktail parties and don't belong to any country club. The term rich doesn't mean being savvy or sophisticated when it concerns stocks. It has more to do with weathering the inevitable storms and staying focused. We manage hard-earned money. I find it disturbing that every broker, banker or insurance agent with a pie-chart calls themselves a financial planner. We don't do taxes, we don't pitch insurance, and we are not estate planners. Our clients hire full-time accountants and attorneys when they need specific help. One aspect of our success has nothing to do with money. The bottom line should not be measured just in dollars and cents. We never forget where we came from. We never tell a prospective client we have a minimum account size. Why would Dean Parisian, raised in the poorest county in America, tell someone they arere too small to get world-class investment help??
The economic role of a client for a brokerage firm is to enrich the brokers. Brokers are trained to sell investments that generate huge fees and commissions and typically have an agenda other than your financial welfare. The interests of Wall Street and the media are not aligned with those of investors. The NASD makes it very clear; investors should never let their guard down with brokers who have a sales agenda. Do you really want to trust your portfolio and retirement to a broker-salesman? As an arbitrator for the New York Stock Exchange I have censured many stockbrokers and know that investors often confuse a sales pitch with impartial investment advice. Do you think Tiger Woods and Bill Gates use stockbrokers to increase their net worth and protect their assets? Not a chance. The simple answer is they have competent, unbiased investment managers. They hire investment management professionals to manage their assets. So should you.
Trading in new issues are not part of our methodology. Their problems stem from the deliberate overpricing of new shares, which creates a huge wealth transfer from a newly public company to the major customers of an investment bank. Shareholders are much better off in the long run with a higher net worth than with an artificial and temporarily high stock price. IPO shares are allocated to clients who pay big commissions. Those responsible for completion of an IPO are the lead underwriters. If brokers were held liable for the tremendous carnage inflicted on early buyers of new issues the mispricings would end. Those responsible for a company are the directors. If directors were held liable for the eradication of corporate assets, the mispricings would end. We do not play the game by paying big commissions for syndicate allocations of initial public offerings.
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| About this Meetup Group | July 30, 2008 3:08 PM | Dean Parisian |