Complaint Review: Equity Trust Company - Westlake Ohio
- Equity Trust Company PO Box 451340 Westlake, Ohio USA
- Phone: 877-693-8208
- Web: https://www.trustetc.com/info/equit...
- Category: Financial Services
Equity Trust Company Hard to work with, purposefully over-charged Westlake Ohio
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We had to submit the same documentation multiple times because people at Equity Trust would change and for some reason would either not look in the files or could not find what we had already sent. Over time, as we sent in payments on an investment, they did not credit it to our existing investment ID, even though we clearly marked every payment. As a result, they showed our retirement account to be about double its true value, meaning they way over charged us for the service of managing our IRA. We tried repeatedly to get them to recognize this and refund the over-charge. They would not. I strongly recommend that anyone needing to manage a self-directed IRA find a different company to work with. Our experience was that Equity Trust had poor record keeping, they were unhelpful, and they over-charged us.
This report was posted on Ripoff Report on 08/01/2016 06:34 PM and is a permanent record located here: https://www.ripoffreport.com/reports/equity-trust-company/westlake-ohio-44145/equity-trust-company-hard-to-work-with-purposefully-over-charged-westlake-ohio-1320138. 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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