3 years ago
I gave a senior partner direct written instruction...
I gave a senior partner direct written instructions: "do not let my money go below ---" When it did he says to me: "I would never agree to that" I pointed out I did not need his permission he "worked for me" it was MY money. Next his partners call me in I am stuffed in a room with 7 other men and told: "this is your fault" we did nothing wrong. Enter their lawyer. But wait there is more: They tell me to move my money from a bank trust account to their new bank friend trust account. What they left out was when you move your money we get a commission. That sure looks like a breach of fiduciary duty. My loss about 700k. Buy laddered treasuries and index funds costs less and in the end you will have more. These guys are not smarter than you!