November 2012: Pol · i · tics \ˈpä-lə-ˌtiks\ Origin: poly – Greek for “Many” Ticks

pol · i · tics

\ˈpä-lə-ˌtiks\

Origin:
poly – Greek for “many”
ticks – English for “blood sucking parasites”

With apologies to the great public servants of our nation and state (some of whom are friends of Greenwood Gearhart Inc.) we open this report with the above tongue-in-cheek joke told last week by Former Senator Alan K. Simpson of Wyoming at the 2012 Schwab IMPACT conference. IMPACT, held this year in Chicago, is an annual gathering of approximately 1,700 Registered Investment Advisers like Greenwood Gearhart Inc. from all over the country. The commonality amongst these advisers is that they are all institutional clients of Schwab Advisor Services, the industry-leading provider of custody and clearing services for clients of independent investment firms. If you happened to watch CNBC last week, you may have noticed that IMPACT was the backdrop for many of their top programs. (Hopefully you weren’t watching too much CNBC as the pervasive negativity in their programming clouds one’s judgment!)



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