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Report: #1533567

Complaint Review: Cornerstone Wealth Management - Henderson Nevada

  • Submitted:
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  • Reported By: Baker — Las Vegas Nevada United States
  • Author Not Confirmed What's this?
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  • Cornerstone Wealth Management 1368 Paseo Verde PKWY Suite 100 Henderson, Nevada United States

Cornerstone Wealth Management Recommended and sold really bad investment. When I lost most of the money told me that it was just bad luck. Henderson Nevada

*Author of original report: Settlement Agreement Reached

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I have been a customer at Cornerstone for 13 or 14 years. I trusted them. 3 years ago I asked about some way to combat the expected future inflation. They recommended and signed me up to an investment which I later found out was called Pershing accounts. The sales pitch sounded good and I trusted Cornerstone. The Pershing accounts did pay dividends for a little while, then nothing. Today, 28 June, 2024 these accounts matured and I transferred what little cash there was left to my credit union. In total out of a $40,000 initial investment I lost $25,656. This was an investment which was highly recommended by a Cornerstone partner. They claim to be professional wealth managers, are they? The money here was saved from my military retirement and socal security so this is very painful for me. I am NOT happy! I might add, they made their money up front (a percentage). To add insult to injury I was told it was just bad luck. Is this the kind of investment advise you want?

This report was posted on Ripoff Report on 07/29/2024 02:32 PM and is a permanent record located here: https://www.ripoffreport.com/report/cornerstone-wealth-management/henderson-nevada-recommended-1533567. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 Author of original report

Settlement Agreement Reached

AUTHOR: Baker - (United States)

POSTED: Tuesday, January 28, 2025

I have a settlement agreement the Cornerstone.  Please ignore my original comments. I tried to remove my report, however was not able to remove it due to Ripoff Report policy. 

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