Why You Should Look Back to 2009 One Last Time

Let’s take a quick poll. How long does it take you to stop writing “2009” on your checks and documents now that 2010 is here? For us, it takes a while –especially after all we lived through last year.

For 365 days, we faced unprecedented economic, political and financial challenges and it’s hard for us to put last year to bed. Did you know that in the last three months of 2009, one million Americans lost their homes through foreclosure? One million!  And they tell us that things are getting better? Before we relegate last year to a scratched out handwriting error, let’s take one last look back at 2009 and list some valuable lessons that investors learned.

The recession of 2008-2009 (and maybe 2010?) taught us that there was no place to hide.  Whether you owned an annuity, commodity or real estate in a community, the value of your investments likely went down substantially in late 2008 and early 2009.   Many thought diversification meant having different brokerage accounts with three financial salespeople.  Others thought that commodities such as oil and gold would offer a buffer from the financial maelstrom.

Faced with defaults and  unprecedented volatility in bonds, utilities and preferred stocks, even the most seasoned bond investor found it near impossible to maintain their “buy and hold” strategy that had been bullet-proof until now. Many new financial and insurance investments that were sold as safe, “guaranteed” and liquid were locked up and blown out of the water. Even if you were lucky enough to have cash in the bank, you were faced with the fear that your bank might fold and take your savings with it.  Chances are, you didn’t face this crisis without discovering a chink or two in your personal financial armor.

These financial risks aren’t limited to the investments in your retirement accounts or the bonds in your brokerage account. 


Media Room

LeConte Wealth Management works actively to help East Tennesseans understand how to build wealth in a manageable, responsible way. Working with media is an important part of communicating with the public, and LeConte Wealth Management welcomes media questions and inquiries that will serve the public’s access to helpful, accurate information.

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The professionals at LeConte Wealth Management share their knowledge routinely through speaking engagements and other forums that help people understand how to build wealth in a manageable, responsible way.

To schedule LeConte Wealth Management for a non-sales, educational presentation, please contact Mary Beth West at (865) 982-6626 or This email address is being protected from spambots. You need JavaScript enabled to view it..


Our Philosophy

LeConte Wealth Management exists because we wanted to offer you an alternative to the traditional Wall Street options. Today, there are more choices available to more investors than ever before. But there are flaws inherent in this system, such as big-name firms that only sell their own big-name products and proprietary research that is influenced by these firms’ business growth goals.

These firms have their own self-interest at heart. We think someone should have yours.

The LeConte Wealth Management Bill of Clients’ Rights:

  • You deserve an investment portfolio free of limited choices and hidden costs and biases.
  • You deserve a financial professional who will treat you as a human being, not as a sales quota.
  • You deserve a financial professional who will make your concerns and goals a priority, and invest according to your plans.
  • You deserve a courteous, attentive financial professional who will work for and with you, not around you.
  • You deserve a financial professional who stays updated on the best practices in the growing complexity of financial issues.
  • You deserve the peace of mind that comes from knowing that your money is working toward your dreams and aspirations.
  • You deserve to have your assets actively managed and monitored.
  • You deserve to be updated regularly about your portfolio’s performance.
  • You deserve prompt and courteous answers to your questions, responses to your requests, and detailed explanations on any of your concerns.

Our History

We founded LeConte Wealth Management in 2007 because we felt that many investors were being underserved by the typical Wall Street model of investment firm: the one where they sell you their own products in order to meet their target sales goals, not your financial ones. We think we’ve greatly improved upon the model.

We offer you an environment where you can feel confident:

  • That you can expect prompt replies from us to your directions or inquiries
  • That your money is working toward your goals effectively
  • That your wishes and opinions will be respected
  • That your needs are taken into account
  • That your investments are recommended because they are best for you, not for some corporation.
  • That you have access to unbiased research and information to help you make informed decisions.

LeConte Wealth Management is a Registered Investment Advisor. We recommend that our clients custody their accounts at TD Ameritrade Institutional, one of the premiere financial firms in the United States. This partnership ensures that clients receive a wide variety of investment choices to complement their goals. It also helps the company best serve clients in a seamless and efficient manner by providing back office, investment, and technology support.

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