Kathie Vidmar

We lost thousands of dollars with Chuck Oliver

Devin Patel sold all of our stocks and invested in ETF'S,which made around an average of 4-5 percent!! So why would you pay an investment manager to do that??
Chuck Oliver recommended that we invest $100,000 in Strategic Technology Fund II Ltd. which is now under Cease and Desist orders from the SEC and is worthless.
He suggested a conversion from an IRA to Roth IRA of $100,000 which was then used to purchase Oil and Gas Energy Fund.
We were supposed to get tax credits from The Energy Fund equaling approximately $75,000 the first year to offset the conversion tax . Instead we received only $24,000 the first year and $12,000 the last 2 years.So we had to pay the taxes on the $100,000 conversion, minus the $24,000.
This caused an increase in Medicare and Part D and put us in a higher tax bracket.
Chuck Oliver sold us 2 indexed annuities that are underwater right now.
He collected large commissions
for selling each of these.
Chuck Oliver did NOT give us GOOD ADVICE.
It merely lined his and Devin Patel's pockets!!!

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