What's more real than reality TV?
Even better, what's worse than losing money, or maybe your entire life savings?
So why not combine the two themes into a new TV show: The Biggest Financial Loser.
The pitch is simple: Know-it-all financial professional advises client on investments which then go south, creating personal havoc, misery, and revenge.
The cast includes the victim and their interested parties, and the financial rep and their supervisor.
The story is complete with the idealized scenario of tantalizing profits, tampered by an analysis of the bad decisions, plus a full disclosure of the financial rep's 12b-1 fees and any other hidden revenue sharing agreements they received. The show could be sponsored by Vanguard, Fidelity, the SEC, or a financial planning association.
Te financial losers would be chosen based on how much they lost and how much they suffered.
It could be done in the old "Queen for a Day" format in which financial losers are chosen from a studio audience. Certainly there are enough contestants, as well as financial reps who advised their clients all the way down into negative territory.
Interested producers should post on this blog for rights information.
Tuesday, May 12, 2009
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