Cornerstone Wealth Management Recommended and sold really bad investment. When I lost most of the money told me that it was just bad luck. Henderson Nevada
I have been a customer at Cornerstone for 13 or 14 years. I trusted them. 3 years ago I asked about some way to combat the expected future inflation. They recommended and signed me up to an investment which I later found out was called Pershing accounts. The sales pitch sounded good and I trusted Cornerstone. The Pershing accounts did pay dividends for a little while, then nothing. Today, 28 June, 2024 these accounts matured and I transferred what little cash there was left to my credit union. In total out of a $40,000 initial investment I lost $25,656. This was an investment which was highly recommended by a Cornerstone partner. They claim to be professional wealth managers, are they? The money here was saved from my military retirement and socal security so this is very painful for me. I am NOT happy! I might add, they made their money up front (a percentage). To add insult to injury I was told it was just bad luck. Is this the kind of investment advise you want?