Paradigm Equities Inc

( 1 Reviews)
Paradigm Equities Inc

East Lansing, MI 48823

Chamber Rating

1.0 (1 reviews)
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About

Paradigm Equities Inc is located at in East Lansing, Michigan 48823. Paradigm Equities Inc can be contacted via phone at (517) 332-6551 for pricing, hours and directions.

Contact Info

  •   (517) 332-6551

QUESTIONS & ANSWERS

What is the phone number for Paradigm Equities Inc?

The phone number for Paradigm Equities Inc is: (517) 332-6551.


Where is Paradigm Equities Inc located?

Paradigm Equities Inc is located at , East Lansing, MI 48823


What is the internet address for Paradigm Equities Inc?

The website (URL) for Paradigm Equities Inc is: http://saveretire.com


How big is Paradigm Equities Inc?

Paradigm Equities Inc employs approximately 20+ people.


How is Paradigm Equities Inc rated?

Paradigm Equities Inc has a 1.0 Star Rating from 1 reviewers.


Paradigm Equities Inc Reviews

Overall Rating

Overall Rating
( 1 Reviews)
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tommy truckload
Mar 6th, 2020

Investment advisor Mr Paul Cummings advised my 86 year old mother to stay in a high growth stock fund. She wasn’t wealthy by any standards, and lived on a strict budget. None the less he kept $40000 of her money in a high risk fund. The Growth Fund of America. A loaded mutual A share fund. Below is a reprint of an article by Forbes.
‘Loaded Mutual A Share Funds are funds
that when sold help advisors
earn huge upfront commissions.
They sell you the product and get paid
whether it works for you or not.
One example of this is American
Funds The Growth Fund of America.’
Forbes July 10th 2018.”The Biggest Financial Rip Offs To Avoid”. by Jeff Rose.
That in itself would be egregious enough to warrant my complaint, but it gets worse.
My mother passed, and I was a beneficiary, in order to get paid one has to “get their own account” with American Funds. Yes they MAKE you sign up go an account with them. And it’s an 11 page application process.
All other financial agencies (Valic and Fidelity) that I dealt with (as a beneficiary) just sent me a form to fill out and then sent a check. No new account needed. Paul explains this requirement was unique to American Funds.
Mr Paul Cummings (the financial wizard) actually KNEW about this ridiculous requirement before this incident; as he had his own Father invested in these funds also. When his Father passed Paul and his siblings were put through the application process too. Paul mentioned how he thought the process was cumbersome and annoying, yet he goes on selling and recommending this fund. I feel this stems more from a greedy desire for commission rather than what’s best for his clients .Paul even screwed his only family with these terrible funds. Avoid this company.


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