Posts Tagged ‘Goldman Sachs’

We are the Guardians of our Clients’ Dreams

Friday, July 16th, 2010

Two significant things happened yesterday:

- Congress passed the financial reform legislation, designed to prevent the kind of behavior by investment banks, commercial banks, and other kinds of financial institutions that led us to the brink of the worst depression since the 1930s; and

- Goldman Sachs settled their case with the Securities and Exchange Commission, agreeing to pay a fine of $550 million because of double-dealing with their Clients.

All of this came about because of the belief of many people in the financial services industry that if their behavior with their Clients wasn’t illegal, it was acceptable.

At Starmont we have a very different point of view. 

We believe that we are the guardians of our Clients’ dreams.  Based upon that belief, our behavior must not only be legal, it must be moral and ethical.  Our Clients must always know that we will do what we believe is best for them. In our view there is no other way to behave when you are dealing with other people’s money.

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