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  • Report:  #1517728

Complaint Review: donovan j ehrman

donovan j ehrman Uvest Financial Services LPL financial donovan j ehrman swindled a vulnerable 74 year old senior citizen with excessive fees Godfrey IL, SC, CA

  • Reported By:
    Gary — Alton United States
  • Submitted:
    Mon, April 18, 2022
  • Updated:
    Tue, April 19, 2022

In 2009 my 74 year old widowed mom (with two disabled sons) took her life savings of 120,000 to donovan ehrman. My mom worked for minimum wage all her life; she never made more then 700 in a month working full time.

After a 40 minte sales pitch, my mom lost 4000 (in commision to donvan ehrman) and was placed into a variable annuity with Pacifc Life that had annual expenses of about 4.65%

My mom lost 8 months of take home pay in 40 minutes. My mom cries and says, "What did I know? I trusted him."

 

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