FL CLIENT HAS STATED THROUGH HER ATTORNEY, THAT PURCHASE OF TRANSAMERICA FIXED ANNUITY ON 11/21/06 FOR ABOUT $90,000, AND ANNUITIZED GENWORTH VA ON 10/4/07 FOR $89,258.20 ARE UNSUITABLE. ATTORNEY REQUEST RETURN OF PREMIUMS PLUS EARNINGS. LOSS ON ANNUITIZED GENWORTH VA IF SURRENDERED WOULD BE APPROXIMATELY $9,190.

$9,190.00

I INHERITED THIS CLIENT IN 2005, DURING WHICH THEY WERE INVESTED IN FIXED/VA ANNUITIES, MUTUAL FUNDS, AND CASH VALUE LIFE INSURANCE. THEIR PRIMARY INVESTMENT OBJECTIVE WAS TO DEFER AND PROTECT AS MUCH OF THEIR EARNINGS AS POSSIBLE IN A DIVERSIFIED PORTFOLIO, WHILE PROVIDING INCOME TO COVER CURRENT EXPENSES. DURING OUR 3 YEARS OF WORKING TOGETHER WE USED A DIVERSIFIED PORTFOLIO (50% EQUITY AND 50% FIXED) TO MEET THEIR OBJECTIVES. AT THE TIME OF THEIR LAST INVESTMENT WITH ME IN LATE 2007 APPROXIMATELY 60% OF THEIR PORTFOLIO WAS INVESTED IN LIQUID ASSETS. I HAVE ALWAYS DEDICATED MYSELF TO PROVIDING THE BEST FINANCIAL ADVICE POSSIBLE TO MY CLIENTS, AND BELIEVE THAT THIS COMPLAINT HOLDS NO MERIT WHATSOEVER. **THE FIRM'S REVIEW OF THE MATTER DID NOT REVEAL ANY EVIDENCE OF WRONGDOING. THE CLAIM THAT THE ANNUITY PURCHASES WERE UNSUITABLE AND DEMAND FOR REMUNERATION WERE DENIED IN THEIR ENTIRETY.