- Report: #1326751
Complaint Review: Pensco Trust - Nationwide
Reported By:
Former Customer -
PALM BEACH, Florida, USA
Submitted:
Updated:
-
Author Not Confirmed
Why?
Pensco Trust
Nationwide, USA
Phone:
800-962-4238
Web:
www.pensco.com
Categories:
Business Rating:
(0)
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Pensco Trust Run the other way! Denver Nationwide
Run the other way. My IRA account was transferred to them by Morgan Stanley without my approval or knowledge. When I found out, I called Pensco and told them I did not approve of it and wanted it moved to another company. Because I complained, they agreed to waive all fees if I expeditiously did the paperwork to move the account. I did so, but when they finally agreed to move it, they announced that I owed them $225, and when I complained again, they said the promises not to charge me fees meant they would only charge me SOME of the fees! They held my account hostage until I paid the fee.
The reason I wanted to use another custodian is that after only a few minutes of research I discoved that they charge more than any other company I found. When I told them that, they proceeded to make specious derogatory comments about their competitiors. Rip off!!
