Testimonials

Retiree- 65- Ohio: Couple-

Wife- I invested $150,000 in a variable annuity in 2021, It is now worth $160,000-AFTER 5 YEARS. If it had been in a money market fund at 4%, it would be worth about $180,000. If it had been in a 60/40 split, it would be worth about $225,000. They told me they were Fiduciaries. They meant they were Fiduciaries in the advisory account, but they sold me an annuity in a brokerage account. They didn't give me anywhere near ALL material information. I didn't make an informed decision. I am going after them and I specifically named their CEO and Chief Legal officer. Inflation is rampant and we need growth. Shame on them.

Working Class, 30's, NJ

I called a top 5 wealth manager and they even have a record of my asking for investments that are protected from market volatility. They put 100% of what I gave them in a brokerage account in products with a placement fee. They never told me about an advisory account. We are in arbitration and they have they have the audacity to try and tell me that I could have been in an advisory account where my broker had no conflicts and yet I chose to be in a brokerage account. I was there and I was offered no such choice. I didn't make an informed decision. One of the investments they put me in stopped redemptions and my wife and I needed that money for a down payment. We were very worried that we were not going to be able to buy the house we wanted. They knew about this when we invested but they wanted their placement fee. I did agree to the placement fee but I now know they were prohibited from charging it and I see how it it incentivized them to only sell me products where they got paid extra and I almost wasn't able to buy my house.

Working class, 20's, Georgia:

My wife and I invested in a private placement that is ok for not rich people. They didn't offer us the advisory share class and they made an 8% commission. We told them about this rule and they refunded the commission.