Sequoia Financial Group Reviews 3

Zero withdrawal, my money was stuck and so was i. I put in a lot of money because i had money lying around so i wanted to put my money to work. These guys held my money for months before i got tired of asking. i decided to look for a solution elsewhere. i asked around for help but it seemed like i was getting nowhere, they weren't registered with the authorities that would have helped in this situation so that option was lost. I was at my wits end when i came across some professionals that helped me get my money back in a short period.

I am considering moving to them and had a very good conversation.

I signed up with this company about a year ago after being with another financial company for about 20 years. Within the first 2 weeks I was asked by the very charming person who was my advisor to speak to his potential client about my experience with this company I just signed onto. Like a idiot, I complied. What could I say? I had no experience at that point. If I was asked now, a year later, I would say that find a company with more talented people to invest with. Admitting I'm not a risk taker, I'm a conservative investor, and leaving the former company behind after 20 years ( Charles Schwab) I entered into a non discretionary relationship with Sequoia. The market was sucky in '22 when I signed on, and I had lost a significant sum of money with Schwab's lackluster investment counselor ( I was assigned this one with no personal choice). In the past year, with conservative investing, I was not able to recoup any of the money lost. Essentially, CD's, bonds and with the upswing of the market I wasn't in a position to take advantage. I was sent a review sheet by Sequoia to rate their performance on 1-10 scale. I gave them a 5, Totally mediocre, lack luster performance even though they took the liberty of converting my account from non-discretionary to discretionary.
About two weeks later I received an unsigned letter that they were dropping me as a client. Everyone gets a trophy! For lackluster performance they wanted 8 or 10 stars for what? Essentially just holding my money. Not even the courtesy of a phone call! My advice...STAY AWAY. They are just mediocre at their profession and want praise for really doing very little.