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Did Ameriprise invest you in faulty REITs? Ameriprise would like to lead potential investors to believe that REITs are a way to diversify, but many investors lose money because REITs put money into a market that is not growing. By investing your funds in a shrinking market, Ameriprise may have hurt your financial security.
REITs invest in the real estate market. Since the housing bubble burst, the real estate market has been declining. REITs continue to invest, and continue to lose money.
Ameriprise charges an annual fee for financial planning services which, in many cases they are failing to follow through on. Without this oversight and yearly planning, your investment can flounder, lose value and cause you financial detriment.
Annuities and life insurance plans are also being sold by Ameriprise as proprietary products, but essential information about them is often withheld from the investor at the time of purchase. If you unknowingly bought this type of annuity or life insurance program and have been hurt by it, contact us today.
If you have been hurt by Ameriprise fraudulent REIT investments or by a failure to provide adequate information, oversight or the promised annual financial planning services that are necessary for healthy investment, contact The Hayes Law Firm to tell us about your case.
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