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Giving Control of $100K and Earning Less Than Their Fees

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I once gave a major fund control of 100G for one year. I got a 2% return. They made more money in fees than I did in ROI. Meanwhile, the rest of my money invested in index funds earned 10%+ after fees.

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ISSUES
High Fees
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Deceived for Commission

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When I was new and wanted to buy mutual funds, they sold me ULIP in the name of Mutual Funds, which they were not dealing even, but for getting some commision, they found me a good prey.

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ISSUES
Conflicts of Interest
Incorrect Advice
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Churned and burned

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Some time in the past, a “financial advisor” convinced me that I could make a lot of money trading commodities. Wrong! I figured out he was just “churning” me (putting me into and out of too many positions, just to earn the commission), and I closed the account, buy not until he lost 80% of my money in less than a year!

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ISSUES
Deceptive Practices
Incorrect Advice
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What are some signs that your financial advisor is stealing from you?

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He is a new friend

He is a long-lost relative

He approached you in church with a Bible in hand

He offers you a guaranteed high steady return

He is addicted to something that is expensive

The name of his company includes the name of any of the Founding Fathers, any prestigious US or British University or sounds like it is affiliated with Veterans or the US government

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ISSUES
Conflicts of Interest
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Share Your Story

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The Impact of Bad Financial Advice

Getting poor financial advice can have serious consequences, from financial loss to emotional distress. More and more investors are choosing to take matters into their own hands – and we're here to help.