Complaint Review: Phillip Roy Financial Services Phil & Associates

I was looking up a lawyer on here and ran across these posts..looked interesting.

It looked to me like a lotof nonsense againt this lawyer phil..until the post where he claims a post was from a disgruntled ex-employee who was on prozac..

REALLY ? MENTAL ILLNES AND PROZAC ????

EVER HEARD OF HIPPA LAWS...IF YOUR TELLING THE TRUTH..YOU JUST BROKE A REALLY BIG LAW MR. LAWYER.

YOU WERE DOING GREAT DEFENDING YOURSELF BEING HONEST ABOUT BAR SUSPENSIONS AND BANKRUPTCIES...BUT THE PERSONAL ATTACKS THAT YOU AVOIDED BUT GAVE IN TO LOST YOUR CREDIBILTY..AND TO BREAK THE HIPPA LAWS IS HORRIBLE.

YOU SHOULD HAVE POSTED ONE WELL WORDED REBUTTLE AND NEVER READ ANY MORE POSTS... SEEMS LIKE SOMEONE WHO HAS SOO MANY CLEINTS NEEDS TO BE WORRIED ABOUT THEM AND NOT A FEW UNHAPPY PEOPLE WHO POST ON HERE.

To the person who brought up the past of Mr.Wasserman, what is the relevance of to what he does now? How does any prior businesses or relationships from the past have anything to do with what he does now? Have you gone to find that offices are still open? Have you called people who are happy with the results the company has provided? Let me guess, your in the industry and able to business in the state of florida, but your unable to crack an egg because you find people to be happy with what they have already, including using Phillip Roy Financial. I must tell you that this thread is a failure on your part and you must be very unhappy to have wasted close to an hour of your life with your responses. Do your homework before coming to class, sir, and things may workout in your favor. Oh, and who am I your asking yourself. Well, I don't an investment with the company or anything like that, but I will say this. As a human being, the man is a saint. If he is half of that in business, I'd trust him with everything I had because he doesn't look out for himself, he looks out for others.

To the person who brought up the past of Mr.Wasserman, what is the relevance of to what he does now? How does any prior businesses or relationships from the past have anything to do with what he does now? Have you gone to find that offices are still open? Have you called people who are happy with the results the company has provided? Let me guess, your in the industry and able to business in the state of florida, but your unable to crack an egg because you find people to be happy with what they have already, including using Phillip Roy Financial. I must tell you that this thread is a failure on your part and you must be very unhappy to have wasted close to an hour of your life with your responses. Do your homework before coming to class, sir, and things may workout in your favor. Oh, and who am I your asking yourself. Well, I don't an investment with the company or anything like that, but I will say this. As a human being, the man is a saint. If he is half of that in business, I'd trust him with everything I had because he doesn't look out for himself, he looks out for others.

To the person who brought up the past of Mr.Wasserman, what is the relevance of to what he does now? How does any prior businesses or relationships from the past have anything to do with what he does now? Have you gone to find that offices are still open? Have you called people who are happy with the results the company has provided? Let me guess, your in the industry and able to business in the state of florida, but your unable to crack an egg because you find people to be happy with what they have already, including using Phillip Roy Financial. I must tell you that this thread is a failure on your part and you must be very unhappy to have wasted close to an hour of your life with your responses. Do your homework before coming to class, sir, and things may workout in your favor. Oh, and who am I your asking yourself. Well, I don't an investment with the company or anything like that, but I will say this. As a human being, the man is a saint. If he is half of that in business, I'd trust him with everything I had because he doesn't look out for himself, he looks out for others.

While you negative non thinkers are persecuting Phil W, The former Chairman of the Nasdaq Stock Market has ripped you all off... Pay attention to the real criminals for a change. Get off this guy's case and go find some real criminals.

Try this...google stockbroker fraud, you will see more lawsuits against stockbrokers than you will ever find against Phil W. But then you the misinformed don't have a clue to start out with.

My accounts with Phil W's firm have been SO successful,(average between 6-9% annually since 02) and not one penny in losses over that period. I think some of you are well advised to make an appointment with this guy and check for yourself.
Believe me,the numbers don't lie. But maybe you think Madeoff and his way of doing business is more to your liking?

Get a Life...

I have read some of the comments on here and just to make sure there is no doubt as to the incredulous statements continually being made by "Churchlady".
Mr. Wasserman is not now - nor ever has been - licensed to do business in the state of Utah. PRFS has ONLY dealt with fixed annuities so your argument of losing money is completely baseless and uninformed.
Obviously "she" has an axe to grind with Mr. Wasserman. So be it. Man up and talk to us directly! However, don't throw in a quote of scripture and act like it gives you the right or standing to think and write completely hateful comments. My grandmother could run circles around you quoting scripture and she never had an evil thing to say about someone over and over day after day month after month.
I am posting a copy of a letter sent by our local Big Brothers and Big Sisters. As soon as ROR attaches this letter, you will see this claim of "never heard of you" is one more baseless, uneducated and hurtful statement. And if you like at a later date, I will have another letter attached from the the Los Angeles chapter of BB-BS where underprivileged kids were able to go see LA Lakers and Clippers games because of his generosity.
If you wonder who I am, read the hurricane article posted as one of the PROOFs in this thread. I have seen firsthand his generosity to charities and to those in areas of disaster.
Rip off Report is an invisible platform. There are no binding resolutions to any complaint and is anonymous. Just yet another blog where anonymity gives strength to the uninformed.
None of us are perfect...however as the saying goes "let he who is without sin cast the first stone."
These "complaints" are only hurting the livelihoods of good hardworking people who work for Mr. Wasserman.
And finally, here is the list of offices serving PRFS clients around the state of Florida:
Clearwater (Operations)
Lakewood Ranch (Sarasota) - Main Office
Naples
Boca Raton
Palm Beach
I invite anyone to write me and request the addresses and phone numbers for the office closest to you.

My name is J.L.
I was wrongly accused of a crime and facing life in prision.
All lawyers I spoke to told me to take a plea.
This was over 15 years ago-I was referred to Phil Wasserman-
who took my case-In representing me he took a lot of abuse from the State
But as was his reputation-he was fearless.
The charges were eventually dropped during trial when it was disclosed it was a case of false identity.
Today I have a family-good job-and a great life.
Phil Wasserman was well known for fighting corrupt judges and standing up for people's rights-the people here who disrespect him would have been the first to hire him if they were in trouble.
A lot of his practice was defending police officers-and fighting against judges and politicians-and I eventually met a lot of his other clients-He won dozens of jury trials-
Did he anger people while defending people like me?
yes he did-and I thank God for that-
Most of the judges he fought with were later thrown off the bench
If you believe that everybody charged is guilty and the government never lies or is wrong-then you probably believe in the tooth fairy.
This guy defended major league baseball players-was on national television-
and some insurance agents want to knock him so they can feather their pockets?
Only in America.
I saw copies of all the not guilty verdicts.
Google Judge Dennis Alvarez of Tampa-thats who he called a crook on the record
Read about that story and how that guy-chief judge of Tampa-was forced to resign and later investigated by the FBI .
Do I recommend this man?
Every day of my life-
And unlike a lot of the garbage here
I'm not making it up-my case was all public record

I have known Phil for many years. Initially, I was hired by Phil to assist his accountants in reconciling his company's accounting records.

After completing the reconcilement of his company's accounting records, I observed Phil and his staff when they were servicing his annuity and life insurance clients. I quickly became impressed as I noted that his clients were satisfied with trhe services that Phil and his staff were providing. At that time I decided that I would ask Phil if I could become associated with his firm on a full-time basis because I too desired to help phil's clients. I wanted to be part of an organization that actually helped people. Since I had seen people lose alot of their life savings during the market fall for the 2000-2002 period, I noted that Phil was helping people with their finances so they would not lose any more of their hard earned money.

Over the years I have met hundreds of Phil's clients and I have seen many of these clients at functions, including Phil's birthday, and have noted that these clients liked Phil and his philosophies.

It appears that everyone is free game these days and that anyone can say anything about anyone, regardless of whether they tell the truth or not.

My name in Dennis Flanagan and I have known Phil for about three years. I know for a fact that most, if not all of the negative press about Phil has been posted by competitors that lose business to his organization or ex-employees that couldn't live up to Phil's expectation. Phil without a doubt is strong willed and demanding employer, but that does not make him a thief, nor does that mean that he fails to put his client's interests first.

It is funny that everyone who takes aim at Phil fails to mention the fact that he has served thousands of clients, of which 99% have had an excellent experience. Not to mention he has saved most of these clients thousands of dollars in market losses if not more in this turbulent economic environment.

I would advise those of you who think you know something about Phil to actually do some research. Call him, ask him questions, you will see that he is a pretty personable guy that is an expert in the areas of insurance and annuities. You don't hve over 500 agents and offices nationwide by ripping your clients off. By the way, research does not include entering someone name in Google. We all know that the internet and forums like this have become the bathroom walls of this century.

If you actually take the time to research Phil you will find, among other things, that he is constantly donating time and money to charitable causes, he has adopted a child, and he has helped thousands of individuals better their financial situation, but for some reason those aren't the items people want to talk about. You will also find that Phil is not a disbarred lawyer, he resigned. Someone needs to get their facts straight.

Recently, a prospective client of Phil Roy Financial called me for a reference; whether or not they should do business with the firm, and mentioned some of the things written on this site.

Curious, I browsed the site and came across a few of the filings on Phillip Roy Financial, and find it hard to hear some of the things I'm reading. I worked for the firm for several years and still maintain an active communication and friendship with Phil and many of his employees.

With my experience as a noted author (search for my name at Amazon) and especially as a frequent media commentator (Wall Street Journal, BusinessWeek, Fox TV, CNBC and many other outlets), it's highly disappointing, although not a total surprise, to hear some one sided views towards an issue or individual.

The fact of the matter is that Phil, his current team and myself serviced and guided scores of clients over many, many years. In any business where there has been this much volume of service, no doubt, there are going to be a few people that are not happy with what transpired, and in some cases, will go to great lengths to disparage with accusations that certainly deserve another view towards the issue at hand.

Especially in this hostile market environment, I still to this day receive notes and kind emails from people of Phil's firm that feel blessed and fortunate to be with the firm. Many are ecstatic at the results of their investments and are often referring family and friends. Furthermore, to point out an individual's past and use it against him is simply an unfair reflection upon the many, many people that have prospered as a result of doing business with the firm.

As with any investment, be sure to know the facts before jumping in, explore the pros and cons, ask plenty of questions and feel comfort in what you are doing... All elements that in my experience, Phil and his team are sure to patiently bring to the public at hand.

I know who villus is-an acquaintance of mine in the field is suing him-villius-he is an agent who badmouths other agents to roll their business-
This guy villuis does this to a lot of reps-he hasnt done it to me yet
because he really doesnt know me
but its not unusual in this field
he posts as someone from a different area
and uses it to try to get business
I don't know Phil Wasserman but I know a couple of his reps and they are great people
by the way
my reputation is sterling
so if villus wants to post his real name and info -i ll post mine-he can then file stuff about me and ill join the litigation group against him
Most stuff done against all agents and reps in this field-without anyone revealing their real names or info-is done by competitors
whats sad is it gives the whole industry a bad name
by the way
Im friends with the top producer in the life field-he gets the same kind of stuff
from competitors-jealous because my friend makes more money than them

Another way to check on the company, is to do plenty of searches on the owner. Such as, Civil, Official, Criminal searches on the Sarasota Clerk of the Court web site.. I do find it interesting that there are some tax liens filed on this man for past taxes.

You can find a lot in interesting information doing this.

Another way to check on the company, is to do plenty of searches on the owner. Such as, Civil, Official, Criminal searches on the Sarasota Clerk of the Court web site.. I do find it interesting that there are some tax liens filed on this man for past taxes.

You can find a lot in interesting information doing this.

Another way to check on the company, is to do plenty of searches on the owner. Such as, Civil, Official, Criminal searches on the Sarasota Clerk of the Court web site.. I do find it interesting that there are some tax liens filed on this man for past taxes.

You can find a lot in interesting information doing this.

You all see now that he has disappeared and has no offices. I hope all who trustred Phillip Wasserman got out in time even while he still tries to sell on his
one-page website.

I have been appointed with Phillip Roy Financial Services for twelve months. During this time Phil has conducted many training sessions regarding ethics and behaviour when dealing with Clients. He always stresses acting in the best interest of all people we come in contact with. I have never heard anything different.

You have to understand that Phil runs a business that moves hundreds of millions of dollars every year. When you do that much business you are going to upset someone. The articles I have read thus far sound more like his competitiors than they do disgruntled clients. As far as products go, Phil has shown numerous times that he represents the best, because that's what he wants for his clients.

Do your homework. I have and so far so good.

Because some people tend to believe what they read, it's unfortunate these comments can be disseminated to the public who don't know who he is. Not only is this a man who has helped thousands of people in their retirement years, but this is also a man who gives both his time and money to causes benefiting others. He does this without expecting anything in return.

Is he a good business man? Of course! Is he paid well for his work? Sometimes. There are countless times he has given great advice where nothing would come back to him monetarily. He should not be criticized for his actions, he should be commended for his honesty and generosity. You can count him among the good people who earn a good living while giving back to the community.

An example? It's not necessary that I get into specifics, let's just say the cancer patient he has helped recently would differ from you and your comments about his character. As far as his business decisions go, you should ask one of his many clients about how he kept them from losing their pensions and how they are able to live the rest of their lives worry free. I'm a big fan of his, and will continue to be one, because I've seen first hand how many people he has affected in a positive way. I hope this helps some of you who will actually read this unfortunate comment.

Anyone considering doing business with Phillip Roy Financial would be better served going elsewhere. Spending millions of dollars on a lousy infomercial does not make one legit, and in this case even know what they are talking about. This firm will only sell the worst annuities out there with the highest and longest surrender charges, even worse then what was shown on Dateline. They also send out misleading reports and minipulate consumers into poor investment decisions using phsycological tacticts. I do not understand how the State of Florida can let this person stay in business, they most not care about protecting its senior citizens.

There are many other more suitable choices for people out there than the annuities they are offering.

We have dealt with Philip Wasserman for about four years now during which time he has about doubled our retirement income. He has moved us out of stocks and placed us in investments which carry little risk. Our experience is certainly different from that of Florence. Mary Lu

I too was ripped off by Mr. Wasserman. He used strong-arm and scare tactics to get me to back off when I asked about my money. Phillip Roy Wasserman is an art salesman turned Ponzi scheme expert.

Anyone considering giving their money to a Svengali narcissist should first contact Alex Sink, Chief Financial Officer of the State of Florida at http://www.fldfs.com/

The Florida General attorney at http://myfloridalegal.com/ag

I have know Phil for about 12 years and worked with him in a key role for a little over 6 years. As I watch the comments being made in this report I can come to only one conclusion. Someone with an axe to grind feels that somehow this can do some good for someone. I think Phil's comment on web sites like this becoming the "Bathroom Wall" is the most accurate statement so far. I believe these comments are absolutely meaningless and should be disregarded by any free thinking and fair individual. Phil has made any negative allegations known to all associated with him, clients and prospective clients included.

In the time I have know Phil I have seen his intensity, his energizer bunny work ethic and his legendary temper. Tough to keep up with him at times for sure. But what I have also seen is many families of employees being taken care of in bad times with incredible generosity. All employees in this firm enjoy free medical benefits, salaries higher than average for this industry or in this state. Tough to work for? For some faint hearted, yes. But, for those that want to be part of the best team in our business, well worth it.

More importantly! Our clients are very happy with Phil and the firm. I have seen many people taken out of harms way. I have seen many people, more than I would like, come to us too late to save them from devastating losses. All that we do is suitable by all standards and rules in our industry, which is thoroughly regulated.

We have told everyone to stay were they are if they are in good stuff and to get out if they are at risk. That's all... very simple. We and our clients sleep very well at night during these crazy economic times.

Is Phil very successful? Yes! But so are many employees and clients! That's what matters most of all to me.

I think Wasserman acquires his insight and pride from his mentor, Lou Pearlman. Mr. Pearlman is also steadfastly proud of his past and continues to state such.

Copy and paste to your browser.

http://en.wikipedia.org/wiki/Lou_Pearlman

Not only am I proud of my past
I openly discuss it on my television show
and on DVDs which have been sent to thousands of people
Copies of the DVDs still available
The internet is like a bathroom wall
anyone can write anything they like and hide as they distort things
I repeat
mentally unbalanced and unstable

Phillip Roy Financial Services does several hundred million in sales
Has thousands of satisfied clients
As an attorney I was featured on national talk shows and often in the national press
I defended police officers
major league ballplayers
and many more with great results for my clients
This year almost 1 million dollars will be donated to charity by myself and the company
The price we pay for freedom of speech is that nutcases are allowed to rant
and lie
My mother said if you argue with an idiot there are two people arguing
so this is my last post regarding this poor metally sick soul

Not only am I proud of my past
I openly discuss it on my television show
and on DVDs which have been sent to thousands of people
Copies of the DVDs still available
The internet is like a bathroom wall
anyone can write anything they like and hide as they distort things
I repeat
mentally unbalanced and unstable

Phillip Roy Financial Services does several hundred million in sales
Has thousands of satisfied clients
As an attorney I was featured on national talk shows and often in the national press
I defended police officers
major league ballplayers
and many more with great results for my clients
This year almost 1 million dollars will be donated to charity by myself and the company
The price we pay for freedom of speech is that nutcases are allowed to rant
and lie
My mother said if you argue with an idiot there are two people arguing
so this is my last post regarding this poor metally sick soul

Not only am I proud of my past
I openly discuss it on my television show
and on DVDs which have been sent to thousands of people
Copies of the DVDs still available
The internet is like a bathroom wall
anyone can write anything they like and hide as they distort things
I repeat
mentally unbalanced and unstable

Phillip Roy Financial Services does several hundred million in sales
Has thousands of satisfied clients
As an attorney I was featured on national talk shows and often in the national press
I defended police officers
major league ballplayers
and many more with great results for my clients
This year almost 1 million dollars will be donated to charity by myself and the company
The price we pay for freedom of speech is that nutcases are allowed to rant
and lie
My mother said if you argue with an idiot there are two people arguing
so this is my last post regarding this poor metally sick soul

Not only am I proud of my past
I openly discuss it on my television show
and on DVDs which have been sent to thousands of people
Copies of the DVDs still available
The internet is like a bathroom wall
anyone can write anything they like and hide as they distort things
I repeat
mentally unbalanced and unstable

Phillip Roy Financial Services does several hundred million in sales
Has thousands of satisfied clients
As an attorney I was featured on national talk shows and often in the national press
I defended police officers
major league ballplayers
and many more with great results for my clients
This year almost 1 million dollars will be donated to charity by myself and the company
The price we pay for freedom of speech is that nutcases are allowed to rant
and lie
My mother said if you argue with an idiot there are two people arguing
so this is my last post regarding this poor metally sick soul

Wasserman talks a lot about religion and ex-employees. So far he has identified two people here as ex-employees (in his mind), this being the reason for their negative posts. If that's the case, why does Wasserman have so many employees that don't like him I wonder?

He speaks about God and ministers that his foes should seek guidance from. Is Wasserman so Godly?

You can see here in a court transcript on how Godly he is. Do read the whole document but pay particular attention to page 7.

Copy and paste this into your browser and ask yourself if this is the man you want handling your retirement funds.
http://www.law.fsu.edu/library/flsupct/83818/83818ans-cross.pdf

As P.R. Wassermans' feathers get ruffled we see his true personality emerging. He's his own worst enemy and with his last comment we can surely see who is the mentally unbalanced one.

He is distraught that I copy and paste newspaper articles and dig up the past that he so desperately has tried to hide. He should focus his anger on the journalists, the courts, the judges and lawyers and all of his ex-peers that have shunned him.

Villius is a former employee
mentally unbalanced
as is obvious
pray for him
and hope that the prozac he so desperately needs
works
Sad

P. Wasserman has received more than his share of second chances. He talks the talk about his good deeds but has he really delivered? The first sentence in all his advertisements begins with "Phillip Wasserman and Phillip Roy Financial Services, one of the nation's leading sellers of annuities and life insurance." Has anyone ever questioned if this is true? No, of course not, we believe everything he says.

I quote a media article from a year ago:
"A lawyer by trade, the Sarasota-based Wasserman, 49, resigned from the Florida Bar nine years ago while facing disciplinary action. The Florida Supreme Court found him guilty of charging excessive fees, failure to act with diligence, improper trust-account maintenance and even paying a disciplinary fine with a bad check."

"Wasserman also acknowledged that several members of his family were tied to the Chicago mob."

Is this an individual to trust?

"Mr. Wasserman is not currently licensed to practice law in any state. During 1996 to 1998 , Mr. Wasserman filed two separate Chapter 11 bankruptcy petitions and a Chapter 13 bankruptcy petition in connection with the loss of his law practice , all of which were dismissed. In 1995 , Mr. Wasserman was convicted of indirect criminal contempt of court for using profane language to a judge."

On another note, I don't know why he felt that he needed to give a definition of "Villus" on this site but I assume he was referring to my user name "Villius." There's two "I's" in there pal and has nothing to do with Villus.

So does the big Chicago mob boss know how to bake pizza?

An October 2004 St. Petersburg, FL Times article stated:
"In 1996, when Wasserman was suspended from the practice of law by the Florida Supreme Court and seeking bankruptcy protection from his creditors, he blamed his troubles on mobsters who feared he might be part of a plot to take over a Mafia family."

And what happened with Sportssports.com and Sportsend, Inc.? Google it folks and you'll see what Wasserman did there. You might find a synthetic fuels exploratory company connected to it.

More:
"A Tampa Bay insurance agent/financial executive is getting some national attention today from Bloomberg columnist Susan Antilla, but it isn't exactly complimentary. Phillip Wasserman, chief executive of Phillip Roy Financial Services in Clearwater, is described as a bully who is currently being investigated by both the Florida Department of Financial Services and the Florida Office of Financial Regulation. On its Web site the company says it speaks to 40,000 seniors a year through investment seminars. Wasserman is a former lawyer who resigned from the Florida Bar after being suspended. The St. Petersburg Times covered his dispute with the bar back in 1995 and 1996. I called his office and asked for his comment on her column, but he wasn't available.

Update: Wasserman's attorney, Anthony Battaglia, said the state has a "personal vendetta" against his client and Wasserman has filed formal complaints with the office of the inspector general regarding the conduct of the investigations. Wasserman called Antilla's column false, biased and unfair.

Another update: Wasserman called me to tell me more about his company. He said more than 800 representatives are now affiliated with him and that he's now a multi-millionaire and a major charitable donor.

No doubt Wasserman will again, as usual attempt to defend himself by calling me petty names. That's ok, that's his MO. He learned in life to bully and scare people away from him. Maybe that's the mob influence he speaks of.

Phillip Wasserman and Phillip Roy Financial Services, one of the nation's leading sellers of annuities and life insurance, have filed suit against Ft. Lauderdale based attorney John Hargrove and the firm of Gordon, Hargrove and James alleging malicious prosecution and other claims for relief. Phillip Wasserman and Phillip Roy Financial Services allege that Hargrove and his firm engaged in a scheme to defraud the courts by alleging that multi-millionaire retirees are not of sound mind to purchase annuities but yet are of sound mind to contract with them as attorneys. Wasserman and his firm also allege that Hargrove and his firm have filed dozens of similar cases in Florida courts as part of an overall scheme of coercion and have misrepresented their clients' mental health in order to recover attorney's fees.


SARASOTA, Fla. (Business Wire EON) November 20, 2007 -- Phillip Wasserman and Phillip Roy Financial Services, one of the nation's leading sellers of annuities and life insurance, have filed suit against Ft. Lauderdale based attorney John Hargrove and the firm of Gordon, Hargrove and James alleging malicious prosecution and other claims for relief. Phillip Wasserman and Phillip Roy Financial Services allege that Hargrove and his firm engaged in a scheme to defraud the courts by alleging that multi-millionaire retirees are not of sound mind to purchase annuities but yet are of sound mind to contract with them as attorneys. Wasserman and his firm also allege that Hargrove and his firm have filed dozens of similar cases in Florida courts as part of an overall scheme of coercion and have misrepresented their clients' mental health in order to recover attorney's fees.

Our position is that John Hargrove runs television ads to entice potential clients and then makes false allegations to collect attorney fees
The suit comes from a case where Stanley and Eleanor Weisman, multi-millionaires, sued Allianz Life Insurance Company over a purchase of an annuity. Wasserman was named as a defendant because he owned the Phillip Roy Financial Services firm, even though the sale was made by an independent sales representative.

The Weismans, who are also defendants in the suit against Hargrove, dismissed the suit against Wasserman and Phillip Roy Financial Services after Wasserman provided Hargrove and his firm with 30 days notice to dismiss their lawsuit or be subject to sanctions and money damages for filing a frivolous lawsuit.

Our position is that John Hargrove runs television ads to entice potential clients and then makes false allegations to collect attorney fees, said Phillip Wasserman in a released statement.

He then makes derogatory allegations to the press about financial services firms, all the while simultaneously alleging the public is a 'vulnerable adult' incapable of understanding contractual relationships with anyone but himself and his firm. I look forward to a jury verdict that will expose his wrongdoing.




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Hurricane Wilma Relief Efforts Continue as Phillip Roy Financial Services Boosts Support of Hurricane Victims
Business Wire, Nov 1, 2005
E-mail Print Link SARASOTA, Fla. -- Phillip Roy Financial Services, a retirement income planning firm with six offices throughout Florida, continues to expand its Hurricane Wilma relief efforts as disaster clean-up continues.

Beginning Tuesday, October 25 -- the day after the storm - Phillip Roy Financial Services' staff began working from 6 a.m. to midnight and the firm paid for trucks at its own expense to transport water and ice to storm victims in Palm Beach and Broward counties. Tens of thousands of dollars have been spent to date and the commitment is ongoing.

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More Phillip Roy Financial Services originally worked through Barry Epstein of Boca Raton, a friend of President and Founder Phil Wasserman, who put the firm in touch with Vince Bonvento at the State of Florida Emergency Operations Center (EOC) in Palm Beach, John Benz at the Broward County EOC, Florida State Representative Irv s****.> Wasserman then contacted Publix Super Markets' Store Manager Fred Lane in Sarasota who sold him several semi-tractor trailer loads of bottled water. "Fred Lane went way beyond the call of duty by working with me late Tuesday night and then being available on the phone again Wednesday by 6 a.m. He is a great example of the dedication and spirit of Publix employees," said Wasserman.



Challenges presented themselves hour after hour, the biggest of which was how to get the much-needed water and ice to those who needed it most, including South Florida hospitals and senior citizens. Valenti Trucking provided the semi tractor trailers, which were in short supply, so that thousands of gallons of bottled water and other supplies could be loaded in Sarasota and transported to Florida's East Coast, initially to Westside Regional Hospital for disbursement to other area hospitals.

Sen. Klein then put Phil Wasserman in touch with John Benz, a hospital employee working with Broward County EOC. Upon receiving news that both ice and water were in short supply, Phillip Roy Financial Services professional money manager Mike Allen dropped everything to search the state for ice. At the same time, Allen answered dozens of calls from people who had heard of the firm's efforts, including requests for assistance from local senior citizens and retirees living in the affected areas.

"I commend Phil Wasserman and Phillip Roy Financial Services for going above and beyond the call of duty to arrange and pay for critical truck loads of ice and water to be brought to South Florida during Hurricane Wilma's aftermath. Phillip Roy Financial Services rushed needed relief to citizens who needed it the most," said Sen. Klein.

As the first truck pulled into the East Coast hospital, Congressman Clay Shaw and other politicians were on hand to welcome them along with nationwide television news crews and Phillip Roy Financial Services employees, including Dianna Diplouff and Lisa Berbarian. In spite of the fact that these employees were without power in their homes and short of gas for their cars, they gathered up their families and helped unload water at area hospitals.

By Wednesday morning, employee Mike Allen had located two companies in Sarasota and Pinellas counties that could provide ice. "Phillip Roy Financial Services was happy to reach into its pocket to pay for all of the ice available, as well as for the use of the company trucks to deliver this precious commodity to those who needed it the most," said Wasserman.

State Representative Irv s****.> CNN news crews were on the scene to interview Rep. s****.> Later in the week, four days following the storm, the firm was still being contacted by hospitals in need of supplies, and John Blake of the Sarasota ice company continued deliveries to hospitals and nursing homes. At this point, with Rep. s****.> 123Next

Phillip Wasserman and Phillip Roy Financial Services, one of the nation's leading sellers of annuities and life insurance, have filed suit against Ft. Lauderdale based attorney John Hargrove and the firm of Gordon, Hargrove and James alleging malicious prosecution and other claims for relief. Phillip Wasserman and Phillip Roy Financial Services allege that Hargrove and his firm engaged in a scheme to defraud the courts by alleging that multi-millionaire retirees are not of sound mind to purchase annuities but yet are of sound mind to contract with them as attorneys. Wasserman and his firm also allege that Hargrove and his firm have filed dozens of similar cases in Florida courts as part of an overall scheme of coercion and have misrepresented their clients' mental health in order to recover attorney's fees.

SARASOTA, Fla. (Business Wire EON) November 20, 2007 -- Phillip Wasserman and Phillip Roy Financial Services, one of the nation's leading sellers of annuities and life insurance, have filed suit against Ft. Lauderdale based attorney John Hargrove and the firm of Gordon, Hargrove and James alleging malicious prosecution and other claims for relief. Phillip Wasserman and Phillip Roy Financial Services allege that Hargrove and his firm engaged in a scheme to defraud the courts by alleging that multi-millionaire retirees are not of sound mind to purchase annuities but yet are of sound mind to contract with them as attorneys. Wasserman and his firm also allege that Hargrove and his firm have filed dozens of similar cases in Florida courts as part of an overall scheme of coercion and have misrepresented their clients' mental health in order to recover attorney's fees.

Our position is that John Hargrove runs television ads to entice potential clients and then makes false allegations to collect attorney fees

The suit comes from a case where Stanley and Eleanor Weisman, multi-millionaires, sued Allianz Life Insurance Company over a purchase of an annuity. Wasserman was named as a defendant because he owned the Phillip Roy Financial Services firm, even though the sale was made by an independent sales representative.

The Weismans, who are also defendants in the suit against Hargrove, dismissed the suit against Wasserman and Phillip Roy Financial Services after Wasserman provided Hargrove and his firm with 30 days notice to dismiss their lawsuit or be subject to sanctions and money damages for filing a frivolous lawsuit.

Our position is that John Hargrove runs television ads to entice potential clients and then makes false allegations to collect attorney fees, said Phillip Wasserman in a released statement.

He then makes derogatory allegations to the press about financial services firms, all the while simultaneously alleging the public is a 'vulnerable adult' incapable of understanding contractual relationships with anyone but himself and his firm. I look forward to a jury verdict that will expose his wrongdoing.

: a small slender often vascular process: as a: one of the minute finger-shaped processes of the mucous membrane of the small intestine that serve in the absorption of nutriment b: one of the branching processes of the surface of the chorion of the developing embryo of most mammals that help to form the placenta

Some anonymous person likes to post here
I guess in America no one is entitled to a second chance
for those of you interested the lawsuit against Hargrove proceeds with depositions set shortly
If you believe everything you read by people like this don't do business with us-I'm sure this person will continue to post inaccurate comments
the question is why?
That person needs to spend some time watching Joel Osteen and learning about
positive things and forgiveness
whoever you are-I hope God blesses you-because people like you need His path and wisdom more than anyone

Investor Beware When Schoolyard Bully Grows Up

Sept. 11 (Bloomberg) -- Remember the schoolyard bully? Well, he grew up, got an insurance license and today advertises himself as owner of ''the #1 Retirement Income Planning firm in the nation.''

Meet Phillip R. Wasserman, 50, the chief executive officer of Phillip Roy Financial Services, whose Web page describes the company as a Clearwater, Florida, ''empire'' that offers the services of financial advisers, registered investment advisers, noncommissioned stockbrokers and other experts. The firm draws more than 40,000 retirees and seniors a year to ''seminars around the nation,'' the Web page says.

All that may be so, but there's plenty the Web page doesn't tell. For starters, Wasserman has no license to sell stocks, no regulatory obligation to supervise stockbroker transactions and no registration as an investment adviser.

Don't blame him.

The stockbrokers who work in his office have licenses, and the out-of-town securities firms that employ them are supposed to oversee what their far-flung brokers do. Customers who sign up with Phillip Roy, though, might not grasp that the guy with his name on the door isn't the supervisor of the stock brokers down the hall.

And they might be surprised to know about Wasserman's past. A former lawyer, he resigned from the Florida Bar in 1997 after being suspended: The Florida Supreme Court said on March 21, 1996, that, on the heels of four previous public disciplines, fresh findings against Wasserman by a referee warranted two consecutive six-month suspensions and rehabilitation before he could be reinstated.

'Don't Blame Me'

Today, there are nine consumer complaints related to him or his companies that Florida insurance regulators are ''looking into,'' says spokeswoman Nina Banister. The Florida Division of Securities opened an investigation of Wasserman on March 14, says Richard A. White, director of the division. And Wasserman is a defendant in a lawsuit brought by an elderly Florida couple that is in settlement negotiations.

To Wasserman, the actions by the Florida bar, the consumer complaints and the regulatory probe are the fault of vengeful and ''crooked'' judges, ungrateful customers, jealous competitors and regulators who have taken ''inappropriate actions.'' (The Florida Bar Association once described him in a brief as suffering from ''the 'don't blame me' syndrome,'' pointing to the Bar Association, politicians and the Internal Revenue Service as the root of his problems.)

Corruption 'Crusader'

He said through his lawyer, Scott M. Bonavita, that he is aware of only two complaints with the Florida Department of Financial Services, and that no wrongdoing will be found in the suit by the Florida couple. As for his troubles with the Florida Bar, Wasserman says he was a ''crusader'' against corrupt judges whose outspokenness cost him his job.

''Several times, Phil sued and took on both powerful politicians and corrupt judges to his own detriment,'' Bonavita said.

He liberally makes threats of litigation, from a former client, to a lawyer he opposed, to Bloomberg News.

Bloomberg would be ''dead wrong'' to think he would limit his actions to a libel suit, he wrote in an e-mail on July 24. To the lawyer he opposed, Wasserman wrote in a February e-mail that court sanctions would be ''just the beginning.'' After the Florida Office of Financial Regulation opened an investigation of Wasserman earlier this year, Wasserman filed papers to start an investigation of alleged bad behavior by the regulators. His complaint is pending with the Inspector General in the state's Office of Financial Regulation. Bonavita said the probe involves Wasserman's hedge fund, the Phillip Roy Fund.

Offering Help

Wasserman says he has ''helped build retirements and safeguard assets for thousands of customers,'' the vast majority of whom are happy. He said through Bonavita that he and his ''lovely wife of 25 years,'' Diana Wasserman, have engaged in philanthropic work since 1985, and that he takes customer complaints very seriously.

Though he doesn't have a license to sell stocks, Wasserman has had a part in getting investors to put money in the stock market. William Kelleway, 64, of Osprey, Florida, for example, was among those at a Sarasota investment seminar run by Wasserman in September 2004. Twelve days after the seminar, Kelleway and his wife Ann visited Wasserman's suite of offices, where they were introduced to stockbroker Daniel Madigan.

The broker's advice that the Kelleways invest in ''just two securities,'' Annaly Mortgage Management Inc. and Impac Mortgage Holdings Inc., cost them $121,929, according to a complaint they filed with the Financial Industry Regulatory Authority, or Finra, on April 18. In the 11 months that they owned the shares, Annaly fell 29 percent and Impac 45 percent.

'Don't Want Reprisals'

Madigan, who at the time worked for both Wasserman and USAllianz Securities Inc., now known as Questar Capital Corp., had little to say about the case. Finra, known as NASD at the time, fined USAllianz $5 million in December related to supervisory problems. ''I just don't want any reprisals from Mr. Wasserman,'' Madigan said in a telephone interview. He is no longer in the securities business and declined to describe his current employment. Finra records say Madigan has never been fired by a brokerage firm, and that he left the industry in July 2006.

Investors who think they've been wronged by their financial advisers already have strikes against them: they typically are unable to sue in court because of mandatory arbitration agreements. Then, if they get to arbitration, they have less than a 50 percent chance to win, Finra data shows. Winners needn't celebrate: a study by economist Edward S. O'Neal and lawyer Daniel R. Solin released in June showed that ''win'' rarely amounts to being made whole.

A Misunderstanding

Of course, no one is thinking about that when brokers or insurance agents are giving the big pitch. Nor could they imagine the smiling salesman showing a hostile side.

After I contacted Wasserman to ask about the Kelleway complaint, he threatened the couple with a libel suit, says James Keeney, their Sarasota lawyer. The Kelleways became so frightened that Keeney revised the complaint with Finra, eliminating various assertions about Wasserman.

Wasserman's lawyer wrote to Bloomberg on Aug. 7 that the couple may have learned that Wasserman's ''policy'' is to take legal action against anyone who ''libels or defames'' Wasserman or his businesses. They then ''misconstrued this policy as an individual threat.''

But Wasserman wrote me in a June 14 e-mail that the couple and their lawyer had been advised that if the complaint wasn't revised immediately, ''legal action will be filed against them.'' That sure sounds like an individual threat to me.

'Acrimonious Conversations'

John Hargrove, the Fort Lauderdale lawyer who represents another Florida couple enticed by Wasserman's seminar, says Wasserman called his clients and ''had some very acrimonious conversations with them,'' after the St. Petersburg Times inquired about their case. The elderly clients felt ''intimidated'' by Wasserman, Hargrove said, ''and they are tough people.''

Investors willing to do a lot of research might have learned some of Wasserman's background before signing up. But they could never have anticipated that he'd threaten to make their lives hell if things went bad and they complained.

The regulators don't keep a database of bullies.

1. www.sec.gov
www.sec.gov/Archives/edgar/dat - [Cached]
Published on: 2/12/2001 Last Visited: 9/12/2001

Phillip R. Wasserman

43

...
PHILLIP R. WASSERMAN , age 43 , the founder of SportsSports.com , Inc. , is President and a director of SportsSports.com , Inc. , positions he has held since SportsSports.com , Inc.'s inception. Prior to founding SportsSports.com , Inc. , Mr. Wasserman served as a consultant to Phoenix Art Group , Inc. from March 1996 to August of 1999 , where he worked on specialty sports related art projects. From 1995 to 1996 , Mr. Wasserman practiced criminal law in the state of Florida. In April 1995 , Mr. Wasserman received a two-month suspension from the Florida Bar , and in May , 1996 , Mr. Wasserman received a one year suspension and a concurrent 90-day suspension from the Florida Bar. The suspensions related to Mr. Wasserman's courtroom behavior and to practicing law while his bar dues were not current. Based upon the foregoing actions by Mr. Wasserman the Florida Bar forced Mr. Wasserman to resign from the Florida Bar in March , 1997. Mr. Wasserman is not currently licensed to practice law in any state. During 1996 to 1998 , Mr. Wasserman filed two separate Chapter 11 bankruptcy petitions and a Chapter 13 bankruptcy petition in connection with the loss of his law practice , all of which were dismissed. In 1995 , Mr. Wasserman was convicted of indirect criminal contempt of court for using profane language to a judge. His conviction was subsequently overturned.

on appeal. Mr. Wasserman is a graduate of Kalamazoo College and Stetson University College of Law. 2. Mar-a-Lago seminars draw town's attention
www.palmbeachpost.com/pbcnorth - [Cached]
Published on: 5/26/2006 Last Visited: 5/26/2006

But the Mar-a-Lago member whose company organized the lunches, Phillip Roy Financial Services boss Phillip Wasserman, said he was at the receiving end of a good "talking to" by The Donald.

Palm Beach forbids events at Mar-a-Lago to be advertised as "open to the public," which Wasserman did on the company's Web site.

"Mr. Trump was stern with us," said Wasserman, who has offices in Boca and North Palm Beach.
...
"Mr. Trump didn't mention anything about a fine, but we'll be happy to reimburse him when he pays," Wasserman said.
...
A lawyer by trade, the Sarasota-based Wasserman, 49, resigned from the Florida Bar nine years ago while facing disciplinary action. The Florida Supreme Court found him guilty of charging excessive fees, failure to act with diligence, improper trust-account maintenance and even paying a disciplinary fine with a bad check.

"I hope this isn't going to cause Mr. Trump to cancel my membership," Wasserman said, "although I've seen (boxing promoter) Don King at the club and he is a convicted killer."
...
Wasserman also acknowledged that several members of his family were tied to the Chicago mob.

Isn't it easy for someone to hide behind the internet-when Mr. Wasserman was an attorney he wasn't gutless like the posting above-he called a corrupt judge crooked
on the record-he was sought to be disbarred for impugning the integrity of a tribunal-
he resigned under pressure from the bar-the judge he called crooked
resigned soon thereafter under FBI investigation
Mr. Wasserman represented major league baseball players-many law enforcement officers and fought against a corrupt judiciary and politicans-he was featured on many national telivision programs and has been eligible to practice law for many years but chooses not to do so.
In building a large and successful firm this is all some unknown person can come up with-come on!
Mr. Wasserman is proud of his career as an attorney-his amazing aquittal rate at trial-and the people he helped
The person who posted the above is a liar and doesnt have his fact straight
probably a jealous competitor
proof of Mr. Wasserman's statements above can be obtained by calling him
and if he is a criminal he must be Robin hood
since in the last 12 months he has donated over $300,000.00 direct to various children's charities-
How much have you done for others-I direct this to the posting above?

I hope everyone realizes that this man is a criminal. He was disbarred from the Florida bar as an attorney over 10 years ago. He can't practice law anymore so it makes sense that he would go into a business where he can get his hands on other peoples money. BEWARE OF THIS INDIVIDUAL!

While there is no objection to the advice to be careful with your investments, it is given in such a way as to suggest that Phil Wasserman is dishonest, a thief, etc.

We have dealt with Phil for several years now with the result that our retirement funds are much larger and more secure than they were before Phil. Phil is a little scattered at times - too many projects at once. He also does not return his calls as well as he should. However, we recommend his strategies highly. Run them past your lawyer first if there is any question. And yes, he will make money. He does not work for his health.
This should be a win-win deal. Happy

While on a particular forum (Insurance Forum) was asked by a colleague if I knew anything about Phil Wasserman or Phillip Roy Financial being that I live in Saint Petersburg (same general area as Phillip Roy Financial). I had no idea, since I'm really new the insurance industry and only lived here for @ 5yrs.

So, I decided to research the name and business, and wahlah...here I am; Ripoffreport.com . I have no bias either way...whether for the accuser or Mr. Wasserman (Phil)...but his point about the location discrepancy does seem valid. Not to mention that I notice how the accuser knows Phil Wasserman also as Phil Waters. If that is his AKA name, usually a disgruntled client wouldn't know that... but a disgruntled employee, more than likely, would. Just my observation, for whatever that's worth.

This report claims to be a woman in Naples,Florida but was posted from Sarasota,Florida
Check for yourself
Interestingly enough, posted at the same time an employee was let go for stealing from the company
Coincidence?I think not Phillip Roy Financial Services is the leading retirement income planning firm in the state of Florida

Working with great companies With Certified Financial Planners on staff along with experts in every field You may be interested in the accolades given the firm due to our aiding victims of hurricane Wilma including tributes from State Senators and State Representatives.

We were featured on CNN and in the media everywhere-and we are happy to direct you to those articles.

As for the sad person who posted this lie
How were they ripped off? Why do they mention places we haven't worked in years?

It is always easy to be a coward-
you may visit our website at
www.philliproyfinancial.com
or call anytime at 888-225-8160