FYI: Douglas Boneparth will never forget the terrified financial planning clients he counseled after Lehman Brothers collapsed 10 years ago.
“There were emotional outbursts; there were some tears; there was anger,” he recalls.
Boneparth was 24 and had just moved to New York City from Florida to start a financial planning job when Lehman filed for Chapter 11 bankruptcy and set off a panic in the markets.
His job was to calm the firm’s clients, even though he had never met them previously: “I was at the center of the apocalypse.”
Now, a decade later, “people are always looking around the corner” for the next crisis, Boneparth said.
Regards,
Ted
