The allegations read: Client initiated based on advice two annuity redemption's (3/1/2018) in which no taxes were withheld. Creating unexpected tax liability and increase medicare premium costs.
client claimed lack of clarity and understanding of the advisory fees being charged on her accounts (10/2018) as result of annuity and account consolidation strategy.
client experienced investment loss in recent q4 2018 market correction, in which losses occurred. Client stated unsuitable etf and investment strategy with her tolerance and investor profile.
