• Report: #991790

Complaint Review: TD Ameritrade

  • Submitted: Sat, January 05, 2013
  • Updated: Sat, January 05, 2013

  • Reported By: Mad in Texas — El Paso Texas United States of America
TD Ameritrade
Internet United States of America

TD Ameritrade Rips you off by doing nothing, Internet

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Churchill Management, a division of TD Ameritrade, contacted me about 2 1/2 yrs ago and talked me into having them handle my investments.  I turned over $300,000 to them.  However, the only ones that seemed to be making money were the brokers that earned a very nice fee every 6 months for doing nothing.  

I just recently learned that Churchill Management had $171,000 of my money sitting in money market for over a year....and this was a bull year.  My 457 account that I managed elsewhere made 17%......so I figured that I lost about $29,000

Anyone dealing with TDAmeritrade and especially their institutional division. Churchill Management, should
be forwarned and look elsewhere.


This report was posted on Ripoff Report on 01/05/2013 11:02 AM and is a permanent record located here: http://www.ripoffreport.com/r/TD-Ameritrade/internet/TD-Ameritrade-Rips-you-off-by-doing-nothing-Internet-991790. 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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