Drew Kanaly, chairman of Kanaly Trust in Houston, says he's already called on about ten Goldman clients since the SEC situation emerged, but doesn't see himself as an opportunist. Rather, he sees himself as a trustworthy advisor who is warning investors that the old way Wall Street has done business is rife with conflicts of interest.
So far, Kanaly, who has 450 clients and $1.5 billion-plus in assets under management, has had no takers among those he's approached. But he's betting he might hear from them down the road.
"It's not until there's a meltdown that they tend to act," he said.
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