Mine hasn't..so let's not group all financial services people under the corrupt banner. But comes down to conservative growth; however in the 90's it was like in the gold rush days with the Internet and telecoms( the latter which were never bailed out and never came back to where back should be)
You should be personally involved, everything is run by you, by your financial services person--it's not just getting a statement at the end of the month..you give permission to do what they might suggest..you ask questions.
It's so diversified now, more than ever before, but can do very well, if you are with good people. Being conservative in investments, you may lose out on an up and coming overly fast growing stock, but better safe than sorry. You just go in later is all after it has proved itself. It's long term you are looking at and investment growth under diversification is outside of this country.
I meant more the trading desks of the TBTF banks, not so much the individuals who help people manage money.
To expand, I was also including the mortgage area, MERS, HFT, those kinds of things.
I hope this clarifies my post.