Brett Smith

Thank you for the quick reply. The advisor verbally admitted today, “We fell through the cracks”. He is the advisor only for my and my wife’s 403b accounts totaling $100,000.00. He and I consulted, twice, on our risk profile and he was to transfer money into diversified accounts based on this conversation After 2015 mtg he did release monies into 5 funds that have done very well and that I receive monthly info on. I assumed, at my own peril, all money from that point forward would be going into those 5 funds. However, as of today, 60 about of the 100 thousand still sitting in money market. I fully realize my negligence here also by being an uninvolved investor. My belief has been the advisor has been charging fees and managing my account in my wife and my best interest. He did virtually nothing. Unfortunately, since I work for a public school district ERISA rules/regulations do not apply.

Met with advisor in 2009 and agreed upon “moderately aggressive” portfolio. Realized in 2015 all monies going to a money market. Unhappy, Met with advisor to plan new course of action. 2019 Just realized majority of money still sitting in money market. Missed out on last 10 years What recourse do I have for his inaction and incompetence?