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Report: #1219483

Complaint Review: FIRST SENIOR FINANCIAL GROUP - Nationwide

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  • Reported By: george — Philadelphia Pennsylvania USA
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  • FIRST SENIOR FINANCIAL GROUP Nationwide USA

FIRST SENIOR FINANCIAL GROUP crashproof package is based on stock market ,they boast about returns of 10-14 % they project at least 6% in projections however due to fine print actually only received about 4%even though I followed their recommendations after 2 full years KING OF PRUSSIA , PA.19406 PA.

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Went to high powered seminar 2 full years ago , i did all that they suggested me to do . was offered a bonus which does not count until full 20 year term is met without interest accruing through life of contraction bonus .First Senior financial Group     ( Crash Proof Retirement ) boast of returns of 10-14 % returns . and projects out grafts of 6% annually to make look as if will be the minimum .

 

However after 2 full years i have only averaged on little over 4% . even though the market DOW was 13 k when started now around 18 k , the SAP also on record highs and NASDIC  also in near record territory . i expected to be much higher than 4.25 %.

 

Seems to me that I have been baffled with a nice brunch and fancy footwork through the  contract  . fancy binder and lots of double talk . Beware !

 

 

A husband and wife team shows very charitable donations made .Excuses used they had to your terminate initial consultant go and would make changes to the agreement in contract to allow for greater returns . After another year still poor return that i could have received in any professional institution .

 

Also they scare you about showing another financial institution the information due to it proprietary information and will sue for damages if you show someone else other professionals . And completely cover themself by video filming all the their seminars . supposal for your protections .

 

Beware most people think they understand and read the contract but rarely understand all they have signed .My mistake and now for next 18 years I will pay with my hard earned retirement money . I am powerless and afraid they will sue me , but I must warn others of this locative scam . 

Thay insisted on 2 checks to different institutions for diversation .

This report was posted on Ripoff Report on 03/31/2015 12:57 PM and is a permanent record located here: https://www.ripoffreport.com/reports/first-senior-financial-group/nationwide/first-senior-financial-group-crashproof-package-is-based-on-stock-market-they-boast-abou-1219483. 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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