Diversified Investment Advisors managed my pension, and charged absurd fees over the past decade, consuming 38% of my retirement fund. The money has only been in in Diverisifed's short term low riskmoney market fund.instead of earning interest, it only pays fees to Diversified.
Now Diverisifed has conspired with the International Brotherhood of Teamsters and the Painters Union, and has doubled their "investment advisor" and"investment management" charges without my consent, and are absconding with 10% of my funds for fees, every year. Taking 11%per year for keeping my funds in a money market fund is a violation of Diversified's fiduciary responsibitlity.
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