- Report: #1515528
Complaint Review: Trajan Wealth - Tucson Arizona
Reported By:
Snowedin -
Tucson, Arizona, United States
Submitted:
Updated:
-
Author Confirmed
Why?
Trajan Wealth
3567 E Sunrise Dr, Unit 133B Tucson, 85718 Arizona, United States
Phone:
(520) 321-4100
Web:
https://trajanwealth.com
Categories:
Business Rating:
(1)
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Trajan Wealth Financial Advice Not iN My Best Interest. Tucson Arizona
Unfortunately the word "Fiduciaries" (Meaningless Term used by every Financial Advisor in town who advertises on the Radio as much as Mr. Junior at Trojan Wealth, does) which is loosely used at Trojan Wealth Which I now call them Tojan Horse. After One Year of Having my money in an Annuity that gives 15% dividend of the investment up front and is supposed to pay 10% a year.
I got my Statement after 1 Year and there WAS NO 10% Interest for the year. It was substantially less. I took the statement I got to another financial advisor and they told me the Annuity did not pay a 10% Dividend a year. When I called the Annuity Company with the other Financial advisor present, the representative at the Annuity Company told us that they did not PAY 10% dividend a year but gives 3% if the market is 3% or above.
If the Market is below 3% it pays where ever the market is plus 1% goes to the Rider on the Policy and 1% goes to Trajan Wealth (Trojan Horse). . Also One has to hold onto the Annuity for 10 Years or there are High penalties for early withdrawal. The only good thing about the Policy is I can withdraw 10% a year without a Penalty. Trojan Wealth came out with their own Fund on April 01, 2021, named: Spinnaker ETF Series - Trajan Wealth Income Opportunities ETF (TWIO).
The money one Invests with Trojan Wealth that goes into a Stock Fund, is put in a Stock Fund that is with TD Ameritrade. TD Ameritrade Manages the Fund and trades the stocks in the Fund and NOT Trajan Wealth (Trojan Horse), although Trajan Wealth still takes 1+% of the money they have in your portfolio invested. As of April 1, 2021 one of the funds that a Trajan Wealth Client has their money go into is the Trajan Wealth Spinnaker ETF Fund.
This is very convenient for the Trajan Wealth company. They make money off of the money that one has invested in the Portfolio that Trajan Wealth holds as well as making money off of the investor's money that they have put into their Spinnaker ETF Fund. "Fiduciaries", I Think Not. I pulled all of my money out of Trajan Wealth as in my opinion their practices were deceptive.
I would not recommend their services to anyone. Contrary to Mr. Junior's Opinion, I do not consider this an "Investor Friendly" Investment or in the "Best Interest" of the Client. I consider company more of a Trojan Horse.
