Advisors Never Listen and Never Meet with the Client
My friends had hired TSG Wealth Management some time ago. They were looking for a financial advisor to help them invest. TSG Wealth Management seemed like a good choice to them but after spending more than XXXXX on them, they both are certain that these people are the worst.†
My friends work together in an organisation and after working for so many years, they decided that they wanted to invest and make their money work for us. They first started by reading books on investing and decided that hiring an expert would be the best. Who would have thought the expert would turn out to be so incompetent?†
They searched for financial advisors in Irvine, and found TSG Wealth Management. Their managing director, Mark Schulten is in Barronís list of Top 1200 Financial Advisors and has a quite impressive rank there. This prompted them to give those people a call and arrange a meeting with one of their advisors.†
They are fishy and selfish people and their behaviors change on a whim. Before my friends had made some kind of financial commitment with them, they behaved very professionally and responded quickly to any queries. But after my friends paid them an advance and hired them, they changed.†
Why TSG Wealth Management is Bad (Incompetent)
Whenever my friends would meet their financial advisor, they would ignore anything they said. Both of my friends had plenty of questions, plans, and thoughts to share but the advisor wouldnít even bother to listen to them. Over and above, they rarely met with their financial advisor from TSG Wealth Management.†
My friends had even arranged a meeting with Mark Schulten, but he canceled that appointment sometime before. It was all a nightmare when they hired TSG Wealth Management.†
The financial advisor would never contact Their Clients or arrange a meeting.
They had to call the every now and then to get an appointment. Then, they would cancel those meetings randomly and notify them on the day of the appointment. It was so frustrating because they would have to change my entire dayís plans accordingly.†
They paid those guys for many months. And they only met with them only a handful of times. TSG’s advisors are never available.†
The first time they met with someone from TSG was when they had first hired them. My friends wanted to discuss their future investments and what suggestions the advisor had, but instead of listening to them, the advisors gave vague information and vaguer advice. When my friends asked about those funds and why the advisor thought they were suitable for the friends, he ignored their questions and started talking about other funds and investments.
After that meeting, my friends wanted to have another meeting to discuss why they should go ahead with those investments. It was their money after all and they didnít want to spend it on something they didnít know anything about. But after that meeting, they had to wait for many months to meet with their advisors again.†
TSG Wealth Management is a very expensive firm. They charge various kinds of fees and at that time, they were getting a lot of money from my friends every month. Sometimes their fees would go over thousands of dollars but they didnít mind much because they expected them to be the best.†
Their Advisors Never Discuss Their Client Goals
Apart from the unavailability of the advisor, the second thing that bothered my friends a lot was that their financial advisor had never asked us about their longterm goals. It seemed as if they only cared about stuffing specific funds with my friends’ money. Whenever they tried to discuss their plans and goals, their advisors would ignore them altogether.†
Their random meeting cancellations and careless attitude make them the worst wealth management company in the US. There are so many things they have to improve that it would be better if they just shut down.
Imagine paying thousands of dollars every month to a person and finding out that they are always unavailable to discuss their work with you.This review (TSG Wealth Management) was originally published at Gripeo. To read the full review, go to – www.gripeo.com/tsg-wealth-management-review/