Venable Tax and Wealth Planning Group partner Brad Cohen was quoted in a March 2010 Palm Springs Life article outlining the extra steps high net worth individuals are taking to avoid investment losses. According to the article, investors are practicing greater self-protection by seeking transparency, using restraint and performing due diligence to minimize their risk.

Cohen said he hears it from his clients daily. "Clients now vet their decisions with me. They bounce other people's advice off me," he said. "I get lots of Madoff-type questions to make sure [bilking] doesn't happen to them."