Usacomplaints.com » Business & Finance » Complaint / Review: Charles Schwab & Co - Fiduciary irresponsibility. #603505

Complaint / Review
Charles Schwab & Co
Fiduciary irresponsibility

I've been a customer of Charles Schwab because the early 1980s; little great it will me. All that material about "Keep in Touch With Chuck" is real B.S. I really could create a litany of grievances here-but may concentrate on the current final of Laudus Funds. Though Schwab includes a really close connection with this specific account household, when Laudus sent a-one-page notice by normal mail with details about shutting four resources as a result of code mistake without any further clarification, I obtained practically nothing at all — mail, e-mail, telephone — no signals whatsoever.in my opinion this really is a typical example of fiduciary irresponsibility and undoubtedly deficiencies in customer support and respect for customers. I happened to possess a little quantity of among the resources to become shut. The resources were shut to fresh expense and exercise by April 30th. They'll be liquidated by July 31. I do want to understand why Schwab couldn't bother to speak with customers keeping these resources and create a complete description. Searching about the Schwab site and at numerous e-mail communications delivered to me, I came across that Schwab is pointedly marketing additional Laudus resources without any remark actually about the resources to become shut. I approached the one who turned my consultant lately. Which was after total frustration using the regional reps who have been given to me. I've enough opportunities kept in Schwab to guarantee some interest but get none. I had been also really dissatisfied using the Schwab Credit Card that I ultimately could acquire last drop. That support was terrible. It appears like they've transformed, possibly enhanced somewhat today. I do want to create a proper problem to Schwab concerning the insufficient fiduciary obligation within the Laudus Funds situation. The consultant named me quickly and stated his chef might quickly contact me. Another major frustration. Tammy (lastname reluctantly given but I really could not create it along) is outwardly the Phoenix department manager. Ohg. Not just does she require fundamental conversation abilities and phone ways 101, she stated she'd named and quit a note when she clearly hadn't. Why lie? She just might provide mean extra telephone number anyway. And there we proceed—the countless move the dollar program and Schwab uses to decrease customer conversation. Why do I not change? I offered another company, Fidelity an opportunity last summer. They failed likewise. I suppose they have way too many customers to need anymore. And also to change my balances to a different location merely makes things problematic for me. It's an enormous load to create that total change. All of the prior documents could be shut in my experience, etc. Charles Schwab, if you should be hearing at-all and also you need your heritage to become good, spend some focus on customer support. There are several great people working out for you but there's also some real duds. I'll follow the move the dollar phone point after which create again having an update.


Offender: Charles Schwab & Co

Country: USA

Category: Business & Finance

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