Do you have a retirement account Vanguard and did your financial advisor move your funds into Vanguard’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 “managed accounts” at Vanguard.
What Is The Vanguard Fraud Lawsuit About?
On information and belief, certain financial advisors with Vanguard are trained and compensated to pressure clients into transferring their assets into “managed accounts” (accounts with higher fees managed by Vanguard) even if lower cost funds are better suited for the clients’ needs.
Vanguard financial advisors allegedly make aggressive sales pitches to clients to move their assets into managed accounts while representing to the clients they are non-commissioned, 100% objective, or that they receive no compensation from transferring assets to managed accounts. On information and belief, these financial advisors are in fact compensated or promoted based on the number of clients and assets they transfer into the managed accounts.
Contact the Financial Fraud Lawyers At Fob James Law Firm
f you have any information about the alleged fraudulent sales practices of Vanguard, 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.