For a Vietnam vet, reverberations from bygone eras

Even 3,000 miles away, Tim Pinkney, an adviser with the Savant Group in Citrus Heights, Calif., deeply felt the shock waves of 9/11
OCT 05, 2011
Even 3,000 miles away, Tim Pinkney, an adviser with the Savant Group in Citrus Heights, Calif., deeply felt the shock waves of 9/11. “As a Vietnam combat veteran, flying from aircraft carrier USS Enterprise — and with 22 years in the service — the attack immediately brought to mind the sneak attack on Pearl Harbor 60 years earlier, throwing us into World War II,” he said. “This attack caused us to become involved in the current decade-long war on terror.” “War brings people closer together,” Mr. Pinkney said. “I remember being so proud of seeing all the American flags everywhere.” His firm's relationship with its clients remained intact in spite of the chaos. “On 9/12, we sent a full page e-mail to all our clients. After offering our condolences to anyone who had someone directly or indirectly involved, we offered our take on what the U.S. markets might be doing when they reopened, after a weeklong closing,” Mr. Pinkney recalled. “We were very happy to see that not one of our clients changed their allocations or, more importantly, moved out of U.S. equities into non-fluctuating money market funds. We felt we had earned our clients' trust, and they said so with their money staying put — with us and in the investments we recommended,” Mr. Pinkney said. Last year, he visited New York for the first time, and he went to pay his respects at Ground Zero. The occasion was made more poignant for him due to a chance meeting with a homeless Vietnam-era veteran. “Something told me to stop, not to just pass by. We talked and talked and really connected,” he said. A fitting gift of healing amid the remnants of destruction.

Latest News

Trump to name new Fed governor, jobs data head in coming days
Trump to name new Fed governor, jobs data head in coming days

President says he has a ‘couple of people in mind’ for central bank role.

JPMorgan’s asset management arm targets Europe retail investors in active ETF tie-up
JPMorgan’s asset management arm targets Europe retail investors in active ETF tie-up

Wall Street firm partners with Dutch online broker to fuel push into EU market.

UBS to settle outstanding Credit Suisse RMBS case with $300M payment
UBS to settle outstanding Credit Suisse RMBS case with $300M payment

Agreement with the US Department of Justice comes eight years after settlement.

GeoWealth secures $38M in funding round led by major alternative investment manager
GeoWealth secures $38M in funding round led by major alternative investment manager

Series C funding will accelerate unification of TAMP’s model portfolios.

No succession plan? No worries. Just practice in place
No succession plan? No worries. Just practice in place

While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.