Complaint Review: Pat Vitucci - Walnut Creek California
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- Author Confirmed
- Pat Vitucci 870 Ygnacio Valley Rd Walnut Creek, California United States of America
- Phone: 925-472-8300
- Web:
- Category: Financial Services
Vitucci & Associates, Pat Vitucci He invested and forgot me. Walnut Creek, California
*General Comment: Ruling against Vitucci
Show customers why they should trust your business over your competitors...
I moved an IRA over to Vitucci & Associates. It was put into an annuity. The word annuity was never mentioned in the introductory meeting. I trusted Pat knew how to make my money grow. Well, I lost approx 30K of my principal ... I call that investing and forgetting. I don't care if it was 2007-2008. It should have been put some place safe. I made it clear I was retiring soon. Just because someone has been in business in the same area for many years, doesn't mean it's safe.
This report was posted on Ripoff Report on 05/19/2012 12:38 AM and is a permanent record located here: https://www.ripoffreport.com/reports/pat-vitucci/walnut-creek-california-94596/vitucci-associates-pat-vitucci-he-invested-and-forgot-me-walnut-creek-california-884942. 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 General Comment
Ruling against Vitucci
AUTHOR: chasto - ()
SUBMITTED: Monday, April 21, 2014
April 12,2010 there was filing of an arbitration claim against Pasquale (“Pat”) Vitucci and SagePoint Financial, Inc. in connection with the sale of variable annuities to three investors. The arbitration claim (FINRA Arbitration Case No. 10-1406). Pat Vitucci is the principal of Vitucci & Associates located in Walnut Creek, California. He was formerly a registered representative for AIG Financial advisors, Inc. and is now registered with National Planning Corporation. Pat Vitucci is best known for dispensing investment advice on San Francisco Bay Area radio stations. At least a dozen customer complaints, lawsuits and arbitration claims have been lodged against Vitucci—all relating to the sale of variable annuities.
The high fees, surrender charges and market risk associated with variable annuities make them a poor investment choice for many investors, particularly elderly investors or seniors.
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