Alleged breach of fiduciary duty and negligent management of individual positions and overall investment strategy.

$100,000.00

$5,000.00

The client came to me after she experienced significant losses in the market. Her objective was to balance the risks she was taking with her desire for a higher return. As per client's expressed goals, positions were slowly liquidated in December, and new investments were tactfully added as market conditions dictated. Our firm's investment philosophy is rooted in asset protection. Our client portfolios held significant amounts of interest-bearing cash. We can dynamically change our allocations; however, the first quarter of 2023 did not warrant such a move. All of these points were discussed with the client in her financial plan, her risk profile, and in every conversation, all of which is well documented via notes, emails, and a signed risk profile by the client. Despite not charging her more than approximately 0.75% in blended fees, her fees were returned in their entirety. The client abandoned the financial plan we created for her after approximately three months. Therefore, she did not experience any meaningful portfolio performance. The client believes she is owed money by our firm, though there is no financial basis for her belief.

$6,652.00

Civil

The lien was news to me I was never delivered a notice to appear in court for any law suits. Any notification of this matter was not until Sept 2022. I received a report dated 9/13/2022. It does make mention of this lien, I am submitting a dispute will challenge the case legally if necessary.