Had more investors at least been set up with the "bucket strategy" by their FP's then their capital would not have been hit anywhere near as hard during the GFC.
Here's a prime example of the industry particpants;
A client with approx $8-$10m in capital (approx half of this was leveraged) to invest was about to be charged $1M for the privelege by his FP, that was until he got a second opinion at the last minute. Granted the investor obviously aint the sharpest tool in the shed but that doesn't give way for him to be ripped off to the tune he was about to be by the PF!
