Complaint Review: Silver Stream Advisors LLC - Salt Lake City Utah
- Silver Stream Advisors LLC 189 E. Ft. Union Blvd. Salt Lake City, Utah United States of America
- Phone: 801-352-4055
- Web: www.slvrstreamadvisors.com
- Category: Property Management
Silver Stream Advisors LLC Gregg Wood President/CEO Silver Stream Advisors, LLC Silver Stream Advisors owner refuses to pay his employees and lies to consumers about properties and services Refused to Pay Earned Wages for Training. Lied to Consumers. Lied to Employees. Promised things that they never meant to provide. Salt Lake City, Utah
*REBUTTAL Owner of company: More Evidence of Innocence
*REBUTTAL Owner of company: More proof that Gregg was in the right
*REBUTTAL Individual responds: Labor Commission sided with Gregg Wood
*UPDATE Employee: My experience with Gregg Wood
*General Comment: My Opinion of Gregg Wood/Silverstream
*General Comment: Malicious, Extortive, Slanderous Drivel
*UPDATE Employee: This is completely false
*UPDATE Employee: Gregg Wood is a great guy!
*REBUTTAL Owner of company: 100% False and Defamatory
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Today is 3 months to the day from when I asked for a meeting with the president/CEO Gregg Wood of the company Slvr Stream Advisors. Today marks 3 months to the day that I still have not been paid, not 1 cent!
I was interviewed by Mike Ross who said he was the Sales Manager. He seemed to be extra hyper and unable to sit still. I was then interviewed and hired by Don Hill who said he was the HR Manager, who, during the interview could not sit still and who I believed to be on some sore of narcotics, until he admitted he had ADHD and was always on medication for it.
I was told they had great leads for the floor to call due to just leaving a different company that was doing the same thing.
**(Stealing leads from another company is not cool, but I was assured that they were all the leads that belonged the the owner of this company, Gregg Wood.)
**(I was also assured that the last place the owner Gregg Wood had been working at had been shut down by the FTC, of which he had been detained for questioning as well, but I was assured that he had been let go when they realized he was not guilty of anything.)
I let Don know I still worked somewhere else, but his opportunity sounded very good, with me being able to get in on the ground floor. I was told if I wanted the job the hours were open, I would be paid $400.00 a week. I could also make commissions of $300.00, $400.00 and $500.00 per sale. The working hours were whatever I wanted to work to get the sales in, no structure, Monday thru Friday or Saturday anytime, I just needed to let Don know what time I needed to be in for calls. I had to work at least 40 hours per week. And if I stayed longer to bring in the sales I would never be paid more than 40 hours per week, plus commissions.
I asked for the new hire paperwork and was told when I came back Monday we would fill all that out.
I informed Don I was still working and asked about the payday structure. I was told every Friday. I told him "Great, because right now that is my main complaint where I am working, I am on a by-monthly per month pay structure and it is not working well with my bills. I was also told we would have daily csh spiffs. And not to worry because I would have already made money by the 6th to allow my to pay my rent on time.
I showed up Monday and sat there until Don, the Sales Manager/Trainer (So I was informed monday morning, as apposed to how he origonally introduced himself to me the previous Friday) decided to show up.
I asked for the new hire paperwork to fill out and was told by Don he would grab it in a few minutes when everyone was there in the office upstairs.
There was no structured script ready. My room mate was in my same position having being hired during the same interview as myself and he was asked to re-write the script since no one else could do it properly, according to Don.
I proceeded to get on the phone and start making calls to leads I had been told were brand new, but ended up being 4 years old. The first day I called 250 leads. Not only were the leads 4 years old, but we were calling to see if consumers were interested in purchasing properties from us, and we were calling people who had purchased Land Oil Pumps instead.
Before lunch and again before I left Monday I asked for the new hire paperwork and was told I would get it in a few minutes. I never received it.
The second day, I showed up and again was told two times that Anna, the girl who handled the new hire paperwork would bring the papers down later today. I never received them. I dialed around 200 leads that day.
I ended up pulling 7 sets out of the old leads in the total of the two days I was on the phone, and never heard anything regarding if they were being contacted at the times I had set.
The third day, we had an "All Hands Training Meeting".
I was hired and told by Don we were selling properties to consumers that we had previously purchased.
What I found out during the training meeting is that, what the company really was doing, was purchasing section 8 properties in the cheapest neighborhoods in different states, and I was supposed to be calling them to join a property club so to speak. They would pay $5000.00 to join and that acted to hold thier first property. Then we were supposed to sell them on our company offering the property managment for the houses, the consumer was not allowed to use their own property managment companies.
I was told Monday by Don when I started that they had already sold 12 properties. When, in fact, during the meeting, they stated that they had 4 in the works but had not closed a sale to date.
I was finally given the new hire paperwork and asked what day pay day would be. I was told by Anna that it would be May 15, 2011. I explained that Don had told me it was every Friday, to whichc she answered, "Thats strange, because he gets paid the 1st and the 15th and always has."
My room mate and I went straight to speak with the owner; Gregg Wood, who's door was closed and he was in the middle of a meeting.
We walked in to speak with Nathan Dodge - Vise President/Aquisitions and his brother Eric Dodge. We explained all of the lying and misleading Don had done and told them we would not work with Don since he had lied to us several times. They told us they understood our concerns and wanted us to speak to Gregg Wood. We told them great, we didn't want to leave the company, but we can't work with people like that.
Nathan took our Names, Addresses and Phone Number and said he would pass them on to Gregg Wood and either they would call us back to have a meeting with Gregg or they would mail our checks if nothing was going to change.
That was 4/27/2011.
I called a few times and always received the voice mail which I left messages on for someone to please call and let me know when the meeting would be or when I could expect my check.
I thought the check may have gotten lost in the mail so my room mate called and spoke to Anna she assured him that our checks would be cut and mailed out on the next pay period on July 15, 2011.
I called July 21, 2011, to see if they had had any issues mailing them.
I happened to have Gregg Wood answer the phone. I proceeded to tell him who I was and that I needed to know when I could expect my check to be arriving. He then went on to tell me, he never intended on paying me or my room mate. He told me "I am not obligated to pay my employees, I pay them if I feel like it."
So, now I have had to file a case with the Labor Commission, because Gregg Wood would rather try to sue my room mate for his post on here, than pay either of us the $200.00 each he owes us.
What a joke.
He thinks he can just decide not to pay his employees, it all makes sense now why the FTC would have detained him, I just hope that once the FTC goes after Slvr Stream Advisors, which they will, it is only a matter of time since they are mis-repping left and right, I hope they collect enough evidence this time around to put Gregg Wood where he belongs.
Anyone who thinks he is above the law, better watch it, because, the law, is never wrong!
Anyone else out there who has had a bad run in with this company or Gregg Wood himself, I am sorry, and don't let him get away with breaking the law. The labor commission was not laughing when I repeated what Gregg Wood said.
All Gregg Wood would have had to do, is be eithical and moral, and he would be free to continue breaknig the law some other way, without any issues from me. But I worked hard for that money, and I will be paid.
He would rather try to scare me with him sicking his attorney on us, than just pay what he is required by law to pay.
This post is here, because he refusing to do what he is required to do by the state of Utah. I have said nothing in this that is false.
Just shows, you don't have to have a brain or integrity to own/run your own company.
This report was posted on Ripoff Report on 07/27/2011 09:19 PM and is a permanent record located here: https://www.ripoffreport.com/reports/silver-stream-advisors-llc/salt-lake-city-utah-84047/silver-stream-advisors-llc-gregg-wood-presidentceo-silver-stream-advisors-llc-silver-st-757392. 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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#9 REBUTTAL Owner of company
More Evidence of Innocence
AUTHOR: Lender - (U.S.A.)
SUBMITTED: Tuesday, April 24, 2012
Labor Board findings on Adam Ross

#8 REBUTTAL Owner of company
More proof that Gregg was in the right
AUTHOR: Lender - (U.S.A.)
SUBMITTED: Monday, January 23, 2012
Here is the Labor Commission findings

#7 REBUTTAL Individual responds
Labor Commission sided with Gregg Wood
AUTHOR: Lender - (U.S.A.)
SUBMITTED: Tuesday, October 25, 2011
Liars!

#6 UPDATE Employee
My experience with Gregg Wood
AUTHOR: Dylan - (USA)
SUBMITTED: Friday, July 29, 2011
I've know Gregg since last November. My first impression was of a positive person with unusually keen focus. Nine months later, this is still my impression.
As one of his current employees I can attest to the fact that he has always paid on time and sometimes early. He has an open door policy and I feel as though he values my input. He treats me and all of my co-workers as though we have a real partnership with him in Silver Stream Advisors. And, he treats our clients as though they were real friends.
Nothing from my personal experience with Gregg matches the statements made in this Ripoff Report.

#5 General Comment
My Opinion of Gregg Wood/Silverstream
AUTHOR: Grusinskaya - (United States of America)
SUBMITTED: Thursday, July 28, 2011
Having worked with Gregg in the past, it is my opinion that he does all he can to protect his staff and to ensure their continued employment, if they demonstrate the ability to do their job. Gregg created Silverstream after a very difficult period of time at a prior employer. He brought virtually the whole staff with him and has treated them with care and concern since that time. It is not in his nature to mistreat employees or to not promptly pay them wages they have EARNED. Simply stating that monies are due you without specific, written documentation is wrong.
Unhappy employees are part of life in any business. Unfortunately, these days it is very easy to post and make public all sorts of derogatory statements about anyone. As much good as sites like this do, they do an equal amount of damage, just by giving a platform to disgruntled people.
Gregg is an honest, upstanding businessman, who is just trying to succeed where others have failed.

#4 General Comment
Malicious, Extortive, Slanderous Drivel
AUTHOR: Stephen Palmer - (United States of America)
SUBMITTED: Thursday, July 28, 2011
I've known Gregg Wood on a very intimate basis for more than 11 years, working with him in a variety of
capacities and with several projects.
Based on my personal experience with Gregg, it's obvious that this report is disingenuous, distorted, deceitful, and extortive.
Gregg is a man of impeccable integrity. An experienced and wise businessman, all his operations are above-board and fair, and he treats the people with whom he works with utmost respect and caring.
Gregg always strives to create win-win relationships. He never tries to take advantage of anyone -- and anyone who claims otherwise is either ignorant or is maliciously misrepresenting the facts for personal gain.
(Note that this individual freely admits that they have never met Gregg in person.)
In short, Gregg is one of the most trustworthy people I've ever known or worked with in my life.

#3 UPDATE Employee
This is completely false
AUTHOR: Steve - (United States of America)
SUBMITTED: Thursday, July 28, 2011
I have worked for Silver Stream Advisors since they have opened doors and clearly remember the two individuals making these unfounded accusations.
First they were interviewed by an individual who no longer works for this company and not by Gregg Wood. The person who did the hiring and these two individuals no longer work for this company for a reason...they did not have what it takes to work for the company.
I know they came one day to be interviewed and then sit through a training to educate them on our company. There were no calls made, no paper work filled out and no promise of employment with our company. They got up and walked out on their own and then started claiming hardship and in need of money for several things. It grossly smelled of a scam from that moment forward, and I'm sure not the first time they have attempted something like this.
I would also like to address some additional things in this report.
The two 'scam artists' making this claim were interviewed by Don Hill, who suffers from Multiple Sclerosis and does not on narcotics.
At no point was there 'stealing of leads...'. I along with others brought our personally cultivated email databases with us from our previous jobs.
Our properties are not and have never been section 8. We own rent ready property in a variety of markets that range from $30k-$100k.
There is and never was a $5k membership fee.
Gregg Wood has never been interviewed or 'detained' by the FTC.
As for not paying his employees, this is totally absurd. I have been paid on time since day 1. In fact, I have been paid early on a number of occasions and paid more than I thought I was to be paid. And our checks come from a very reputable payroll service.
Silver Stream Advisors is a legit company led by a legit owner who always does what he says...and more, and who won't succumb to extortion and threats made by a couple of individuals who are down on their luck and experiencing desperate times...and this is clearly a desperate attempt to obtain money that was never earned. Gregg Wood is already talking to the Labor Commission about this matter.
In the future those making false claims should get their facts straight and not try to extort money for work that was never done. Earn your money the honest way...like the rest of us. This has been a huge waste of time.

#2 UPDATE Employee
Gregg Wood is a great guy!
AUTHOR: Deana - (United States of America)
SUBMITTED: Thursday, July 28, 2011
I have been with Silver Stream since Gregg Wood launched his company. We have a solid team, we work hard and have vision. Gregg is a mentor and he's very ethical. My paychecks are directly deposited into my account on or usually the day before payday. I have no idea who this person is that is making these claims. If he worked for Silver Stream, I would have known. Sounds to me like he's just looking to get free cash. I have successfully closed business for investors and all my clients have been happy with our pricing and the transactions.
It's unfortunate that one person can cause harm and doubt to potential employees, investors and to our company. If you look at this individuals grammar and spelling, it's clear he would not be an ideal candidate for us.
Silver Stream offers great potential for real estate investors to exceed their financial goals. I am very well versed in all investments and this company has an absolutely amazing business model and product. I wouldn't want to be anywhere else.

#1 REBUTTAL Owner of company
100% False and Defamatory
AUTHOR: Lender - (U.S.A.)
SUBMITTED: Thursday, July 28, 2011
This is a sad case of a husband and wife that came into our company wanting to work. They came into the office one day, and quit before filling out any paperwork or officially being hired. They did not like the Sales Manager and said they could not work for him. They never even talked to me personally. They contacted me very recently and tried to extort funds from me through threats such as filing this report on RipoffReport.com.
Let me now address their claims; Silver Stream Advisors looks for rental properties that provide strong, positive monthly rental income, and package them into low-hassle, no-pressure investments.
Low-hassle does not mean no-hassle and we do not imply in any of our written material that we are full-service.
We do not offer property management because that would mean we were trading in Securities. Part of our service includes introducing buyers to professional property managers to help them after the transaction is closed.
Please do take a look at our Management staff, http://www.slvrstream.com/about-silver-stream.html. I have paid every employee on time from day one and have paid them what they were contracted for, (and often more than they were contracted for.)
We have had sales every month we have been in business, and I will show anyone every transaction, we have nothing to hide. Silver Stream Advisors uses a professional payroll service and it is done officially.
Again, I never personally met these two people or hired them. Every one of our clients as well as actual
employees, past and present, has been taken care of and is completely happy. We are first and foremost a customer service company and have a perfect record. We welcome to be challenged by anyone whith our business and practices.
Gregg Wood
President/CEO
(801) 352-4029 begin_of_the_skype_highlighting (801) 352-4029 end_of_the_skype_highlighting
(435) 216-3003 fax
www.SlvrStream.com


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