Fair Advisor Press Releases
FOR IMMEDIATE RELEASE
December 18, 2008
NEW FINANCIAL SERVICES FIRM, FAIR ADVISORS, HELPS CLIENTS BUILD INVESTMENT PORTFOLIOS BASED ON "MATH, NOT MARKETING"
MIT Alumni Depart from Industry's Hocus-Pocus, Emotionally-Driven Approach
DENVER, CO - Two Massachusetts Institute of Technology (MIT) alumni have created Fair Advisors LLC, a Colorado-based company that will focus on helping investors put their financial portfolios in shape for the long term. Based on decades of experience in the financial services industry, unlikely partners Carol Fabbri, a former Merrill Lynch financial planner, speaker and advisor, and Michael Edesess, an economist, mathematician and author of "The Big Investment Lie - What Your Financial Advisor Doesn't Want You to Know," have concluded that investors are hurt by the mystery surrounding the industry. Says Fabbri, "Initially we avoided meeting since Michael had just published a book blasting my industry. Once we got past our reservations, we quickly realized we had similar philosophies, agreed on several ways to improve the industry for clients and decided to form the company."
Average investors are typically unaware of the hidden fees tied into their portfolios. Others work with professionals who choose to confuse their clients. As Fabbri remarked in the December issue of Forbes Magazine, "Does your advisor lapse into buzzwords or suggest it's too complicated for you to understand? Remember the Wizard of Oz? Look behind the curtain," says Fabbri. Fair Advisors offers clients a plan based on their situation and theories developed over 30 years of questioning industry assumptions. The cornerstones of the company are transparent strong relationships with their clients and a powerful base of proven theories. "We aren't salespeople." says Fabbri "We quite simply know enough about the nitty gritty details of the industry to be able to offer better solutions." "The vast majority of 'financial advisors' are really salespeople with no legal fiduciary responsibility towards their clients," says Edesess, Fair Advisors' Chief Investment Officer. "They peddle investment approaches that countless research studies have proven to be consistently beneficial only to themselves and their firms."
About Fair Advisors LLC
Fair Advisors LLC is located at 1550 Larimer Street in Denver. The firm's mission is to help their clients by offering transparency in a frequently opaque industry by basing decisions on underlying statistics and proven facts. For more information, please call 720-279-1370 or visit www.fairadvisors.com.
Contact: Karen Meyer, Karen Meyer Inc.
Ph: (303) 757-6718; Fax: (303) 757-0146