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Do you have a retirement account with Empower Retirement and did your Retirement Plan Advisor move your funds into Empower Retirement’s “Managed Account”? If so you may be entitled to compensation.

The fraud attorneys at Fob James Law Firm are currently investigating alleged fraud involving the sales practices of Empower Retirement.

What Is The Empower Fraud Lawsuit About?

On information and belief, certain Retirement Plan Advisors with Empower Retirement are trained and compensated to pressure clients into transferring their assets into “Managed Accounts” (accounts with higher fees managed by Empower) even if lower cost funds are better suited for the clients’ needs.

To top it off, Empower’s Retirement Plan Advisors allegedly make aggressive sales pitches to clients to move their assets into higher cost Managed Accounts while representing to the clients they are non-commissioned and 100% objective. On information and belief, these advisors are in fact compensated based on the number of clients and assets they transfer into the managed accounts.

Contact the Financial Fraud Lawyers At Fob James Law Firm

If you have any information about the alleged fraudulent sales practices of Empower Retirement, or if you yourself have been pressured into moving your assets into a managed account, the Alabama fraud lawyers at Fob James Law Firm would like to talk with you. Contact us toll free at 833-684-0503 or fill out the secure form below and an attorney will contact you.

Confidential Intake Form

Are you currently a client of Empower Retirement?
Do you have assets in an Empower Managed Account?
Did you have a consultation with a Retirement Plan Advisor?