- Report: #933299
Report - Rebuttal - Arbitrate
Complaint Review: Pensco
Pensco560 Misson St san francisco, California United States of America
Pensco Lincoln Trust ten times higher than the competition san francisco, California
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They charge ten times more than the competition and provide horrible service. How it ever became legal for a custodian to charge a percentage of your asets is something i will never understand.
They offer no investment advice, they simply hold your money and then take a percentage of your account value unless it is too low and then they charge you a minimum quarterly fee.
My fees have amounted to thousands of dollars and for what? NOTHING, they do absolutely nothing it is a criminal racket that they and the government have created to screw the people.
Get your money out, any other custodian will do and should cost no more than 300 to 400 per year.
This report was posted on Ripoff Report on 08/27/2012 03:02 PM and is a permanent record located here: http://www.ripoffreport.com/r/Pensco/san-francisco-California-94105/Pensco-Lincoln-Trust-ten-times-higher-than-the-competition-san-francisco-California-933299. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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