Moore Financial Services Group, LLC

When I was newly retired, I had 2 savings accounts:  a tax-deferred annuity and a Roth IRA, growing well in mutual funds; however, I was ready to do something less volatile.Perhaps because I was a long-time saver/investor, Matt found me "at the right tine" via what's similar to a robocall.  I did not know him, but he had valid credentials as a financial planner; so, I agreed to hear him out.Matt suggested an account in which he himself was not invested, but looked good on paper - growth was supposed to occur if the market did well.I should have asked what his commission was, as I'm sure that info would have knocked some sense into me.During my 4 years in his recommenced investment, the market climbed and the "returns" were as good as stuffing cash in a mattress.  During those 4 years, I ignored his attempts to convince me to withdraw money and invest it in another one of his recommendations because (1) I was losing confidence in him, and (2) Withdrawing money to invest elsewhere meant another commission for him.I found another investment guaranteeing 4.5% dividends and designed an excel sheet to calculate how long it would take me to exceed the 1% yield I was getting thru Moore, paying penalties for early withdrawal.  This was a good move for me, as I considered my 4 years with him as lost growth opportunity, plus a hefty non-refundable commission paying Matt to recommend such a poor choice.  Actually, his commission is refundable during the first 30 days - how can you tell in 30 days how good an investment recommendation is?No one cares more about your hard-earned savings than yourself.  Do some research and handle your money yourself.
Mar 7th, 2020

When I was newly retired, I had 2 savings accounts: a tax-deferred annuity and a Roth IRA, growing well in mutual funds; however, I was ready to do something less volatile. Perhaps because I was a long-time saver/investor, Matt found me "at the right tine" via what's similar to a robocall. I did not know him, but he had valid credentials as a financial planner; so, I agreed to hear him out. Matt suggested an account in which he himself was not invested, but looked good on paper - growth was supposed to occur if the market did well. I should have asked what his commission was, as I'm sure that info would have knocked some sense into me. During my 4 years in his recommenced investment, the market climbed and the "returns" were as good as stuffing cash in a mattress. During those 4 years, I ignored his attempts to convince me to withdraw money and invest it in another one of his recommendations because (1) I was losing confidence in him, and (2) Withdrawing money to invest elsewhere meant another commission for him. I found another investment guaranteeing 4.5% dividends and designed an excel sheet to calculate how long it would take me to exceed the 1% yield I was getting thru Moore, paying penalties for early withdrawal. This was a good move for me, as I considered my 4 years with him as lost growth opportunity, plus a hefty non-refundable commission paying Matt to recommend such a poor choice. Actually, his commission is refundable during the first 30 days - how can you tell in 30 days how good an investment recommendation is? No one cares more about your hard-earned savings than yourself. Do some research and handle your money yourself.
Apr 3rd, 2019