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The lone star

There is no shortage of challenges for a US broker dealer of structured products - lack of investor awareness, continuing rate cuts and a growing rival annuity business. But Texas distributor Tri-Star Financial is coming up with novel ways to jump the hurdles. Sophia Morrell talks to the firm's president, Bill Payne

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The Texas city of Houston may be almost 1,500 miles from Wall Street, but this has not kept it isolated from recent events - namely the troubles of US investment bank Bear Stearns. "Our world has been shaken up - a brokerage that has been in existence for 100 years has collapsed," says Tri-Star Financial president Bill Payne. "That is very unnerving for people who must now ask: 'if they went down

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