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  • Report:  #1067839

Complaint Review: Fisher Investments

Fisher Investments A scam - they lie about what they will do with your money Woodside California

  • Reported By:
    dave — Vermont
  • Submitted:
    Wed, July 17, 2013
  • Updated:
    Wed, July 17, 2013

 The law requires a RIA (registered investment advisor) to abide by fiduciary duty to honor clients goals, and be conservative with funds of senior retired clients. The sale rep - a Vice President - lied about what Fisher would do with my money.

And, I lost a lot of money in a year. Thye would not do what they said they would do - go inot cash when the market turned inot a bear market losing over 10% of my funds. In March 2009, they had lost 64% of clients funds.

 

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