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Originally Posted by Toymeister
If you choose to buy an annuity I would not buy from Mr. West as he was arrested for a felony offense (it hasn't gone to trial, I believe). It involved a waitress after hours with alleged sexual overtones. He has pled not guilty.
While he is innocent until proven guilty there are dozens of salespersons who have not been arrested. I only deal with people above reproach who have not been accused of false imprisonment and battery against women.
Ground News - Prominent financial adviser arrested after alleged attack at Wolfgang Puck
You can Google "West Financial arrest" for other news articles. |
He is not a fiduciary. He is only held to the suitability standard. Huge difference. Unfortunately, as we are well aware, even some fiduciaries put their own financial interests first.
He pushes this product due to very high commissions. Did he explain the surrender period? He is just one of many free-dinner salesman peddling this product in TV.
People need to stop buying these products simply because they got a free dinner. I would add this guy to my blocked-call list, immediately. Vanguard and Fidelity are the way to go. High-rate CD’s are also very attractive.