BUYER BEWARE OF THE NEW BERNIE MADOFF AKA JEFF MICHAEL SPEICHER
SPEICHER FINANCIAL GROUP, SPEICHER HAYES FINANCIAL GROUP, AND SPEICHER FINANCIAL GROUP AT WELLS FARGO FINANCIAL.
JEFF SPEICHER, SPEICHER FINANCIAL GROUP AND SPEICHER HAYES FINANCIAL GROUP AND MANAGING DIRECTOR AT WELLS FARGO FINANCIAL IS THE WORST NIGHTMARE FINANCIAL ADVISOR EVER.
I WANT TO SPREAD THE WORD LOUD A CLEAR.
TO HIS CREDIT, JEFF SPEICHER IS A GREAT MARKETER BUT DON'T EXPECT HIM TO EVER TELL YOU THE TRUTH!!
JEFF SPEICHER PROVIDES BOGUS INVESTMENT ADVICE!!
I had recently sold my house for 3.95 million with funds residing in my Wells Fargo Account. I had also sold my business for 96 million with funds residing in the Bank of America, Key Bank, Bellco, Westerra and Wells Fargo and I needed some financial advisement.
I went to SPEICHER FINANCIAL GROUP, SPEICHER HAYES FINANCIAL GROUP, AND SPEICHER FINANCIAL GROUP AT WELLS FARGO FINANCIALto talk about several long-term investment plans as well as a retirement plan and to purchase some annuities.
I asked Jeff Speicher a question about an account that I had in Wells Fargo and without my permission he changed the account over from a general brokerage account to one that was in his name so he could get the credit, which I did not discover until much later.
I explained to Jeff Speicher that we had recently sold our house for 3.95 million and had made our move to Florida. I transferred 3.95 million from the account he recommended. I proceeded to change my address to a close family friend until our tenant was ready to move out of the condo we had rented.
Speicher then decided to close my account for unknown reasons and told me I would have to get Wells Fargo to reverse the ACH transfer to the account.
I went to the Denver Wells Fargo office and explained the situation to my representative, and said she that they are filing for a ACH dispute and Speicher Financial Group proceeded to tell Wells Fargo that they were working with me personally to get my funds back which was a complete lie.
I am having to pursue aggressive legal action for this matter. I would not have to pursue such action if it wasn't for their lack of communication, cooperation and deceitful tactics to return our money.
Over six months later and SPEICHER FINANCIAL GROUP, AND SPEICHER FINANCIAL WELLS FARGO GROUP still has our money and has made no attempt to return the funds that were transferred.
I am in the process of seeking legal representation and I am going to file complaints with the pertinent government agencies, FINRA, consumer affairs, BBB, the complaint boards, yscam.com, occ.gov, helpwithmybank.gov and every other agency we can so this does not happen to anyone else.
We are in the process of filing a lawsuit here in Denver, Colorado if they are not willing to resolve this issue immediately, as we have dealt with enough of this nonsense.
IT APPEARS THAT SPEICHER FINANCIAL GROUP, SPEICHER HAYES FINANCIAL GROUP AND SPEICHER FINANCIAL GROUP AT WELLS FARGO FINANCIAL IS TRYING TO ROB ME AND MY FAMILY OF OUR HARD EARNED MONEY AND WE WILL NOT ALLOW THAT TO HAPPEN.
THIS CONARTIST AND HIS COMPANY CAN NOT BE TRUSTED.
His own employees and work associates have recently threatened to file a lawsuit due to his practices.
I HEARD HIM HAMMERING OTHER BROKERS AND ANNUITY SALESMEN IN HIS OFFICE.
JEFF SPEICHER BOUGHT A 200 MILLION DOLLAR BOOK OF BUSINESS FROM HAYES AND CONTINUES HIS CON JOB THRU STOCKS BONDS ANNUITIES, MUTUAL FUNDS AND CD’S WITH EXISTING AND NEW CLIENTS.
SADLY, HIS CLIENTS/INVESTORS HAVE LOST A LOT OF MONEY AND THEY WILL LOSE MORE WHEN HE DEDUCTS HIS FEES FROM THEIR ACCOUNTS, AS HIS SALES CONTINUE TO GROW…. HE MAKES OVER A MILLION DOLLARS PER YEAR!
ANY ONE WHO TRIES TO LEAVE WELLS FARGO ARE CHARGED MASSIVE EARLY TERMINATION FEES.
SPEICHERS OVERBILLING SCHEME TARGETS CLIENT WITH 500,000.00 AND ABOVE..
SPEICHER TARGETS LESS SOPHISTICATED CLIENTS BY USING DECEPTIVE LANGUAGE IN A 63-PAGE CONTRACT DESIGNED TO CONFUSE THEM.
SPEICHER SPENDS “MOST OF HIS SHOW” SPEAKING ILL OF HIS CLIENTS/ AND INVESTORS WHEN THEY COMPLAIN OF THEIR SUBSTANTIAL LOSSES.
His clients and investors have lost significant amounts of money. Those who invested in annuities have lost significant amounts of money as well and their accounts Mutual funds, stocks bonds and annuities HAVE ALL GONE DOWN IN VALUE.
SPEICHERS CAVEAT IS TO PREY ON (PEOPLE 40-80) RETIREMENT FEARS AND BILK ANYONE HE CAN OUT OF THEIR MONEY.
My 84 year old father is a great example of a variable annuity victim as Jeff Speicher, his financial advisor sold him a variable annuity a few years ago when he was 79.
My father recently showed me the variable annuity and the surrender period was 10 years and the fees were well over 3% per year. My father has not been able to access his annuity without penalty until he turns eighty-nine.
THE BEST ADVICE IS TO STEER CLEAR OF JEFF SPEICHER, SPEICHER FINANCIAL GROUP, SPEICHER HAYES FINANCIAL GROUP AND SPEICHER FINANCIAL GROUP AT WELLS FARGO, HIS FINANCIAL INVESTMENT ADVICE AND HIS VARIABLE ANNUITIES.
They are a mutual fund type of account overlaid with a thin layer of insurance.
Fees typically are very high and Disclosure to individuals is very poor.
There is a lot of confusion on the part of clients who bought variable annuities.
These are complex instruments with many moving parts that aren’t always adequately understood.
Folks who buy annuities don’t understand the tax ins, and outs and often are told variable annuities are safe.
Variable annuities typically lack liquidity and can tie consumer money down with prolonged surrender penalty periods.
You will never come out ahead by investing in a variable annuity due to the prolonged drag of fees and tax issues.
Variable annuities always benefit the seller, and only infrequently benefit the buyer.
VET AND VERIFY
THE FINANCIAL ADVISOR'S BACKGROUND.
FIND OUT IF THE ADVISOR HAS RECEIVED ANY DISCIPLINARY ACTION OR COMPLAINTS.
These websites help uncover unscrupulous advisors: finra.org/brokercheck, adviserinfo.sec.gov,
nasaa.org, naic.org and cfp.net.
Ask how the advisor is compensated. Is it by commission, assets under management, fee, or a combination of payment structures?
If the potential financial advisor is unclear or hedges when asked about fees, walk away.
Ask for the advisors ADV Part II document which explains the professionals services, fees, and strategies.
Also ask for names of satisfied, long-term clients. Although a good idea in theory, this protection has a downside, as the referrals could be prescreened or friends of the advisor.
Jeff Speicher Financial Group Reviews
BUYER BEWARE OF THE NEW BERNIE MADOFF AKA JEFF MICHAEL SPEICHER
SPEICHER FINANCIAL GROUP, SPEICHER HAYES FINANCIAL GROUP, AND SPEICHER FINANCIAL GROUP AT WELLS FARGO FINANCIAL.
JEFF SPEICHER, SPEICHER FINANCIAL GROUP AND SPEICHER HAYES FINANCIAL GROUP AND MANAGING DIRECTOR AT WELLS FARGO FINANCIAL IS THE WORST NIGHTMARE FINANCIAL ADVISOR EVER.
I WANT TO SPREAD THE WORD LOUD A CLEAR.
TO HIS CREDIT, JEFF SPEICHER IS A GREAT MARKETER BUT DON'T EXPECT HIM TO EVER TELL YOU THE TRUTH!!
JEFF SPEICHER PROVIDES BOGUS INVESTMENT ADVICE!!
I had recently sold my house for 3.95 million with funds residing in my Wells Fargo Account. I had also sold my business for 96 million with funds residing in the Bank of America, Key Bank, Bellco, Westerra and Wells Fargo and I needed some financial advisement.
I went to SPEICHER FINANCIAL GROUP, SPEICHER HAYES FINANCIAL GROUP, AND SPEICHER FINANCIAL GROUP AT WELLS FARGO FINANCIALto talk about several long-term investment plans as well as a retirement plan and to purchase some annuities.
I asked Jeff Speicher a question about an account that I had in Wells Fargo and without my permission he changed the account over from a general brokerage account to one that was in his name so he could get the credit, which I did not discover until much later.
I explained to Jeff Speicher that we had recently sold our house for 3.95 million and had made our move to Florida. I transferred 3.95 million from the account he recommended. I proceeded to change my address to a close family friend until our tenant was ready to move out of the condo we had rented.
Speicher then decided to close my account for unknown reasons and told me I would have to get Wells Fargo to reverse the ACH transfer to the account.
I went to the Denver Wells Fargo office and explained the situation to my representative, and said she that they are filing for a ACH dispute and Speicher Financial Group proceeded to tell Wells Fargo that they were working with me personally to get my funds back which was a complete lie.
I am having to pursue aggressive legal action for this matter. I would not have to pursue such action if it wasn't for their lack of communication, cooperation and deceitful tactics to return our money.
Over six months later and SPEICHER FINANCIAL GROUP, AND SPEICHER FINANCIAL WELLS FARGO GROUP still has our money and has made no attempt to return the funds that were transferred.
I am in the process of seeking legal representation and I am going to file complaints with the pertinent government agencies, FINRA, consumer affairs, BBB, the complaint boards, yscam.com, occ.gov, helpwithmybank.gov and every other agency we can so this does not happen to anyone else.
We are in the process of filing a lawsuit here in Denver, Colorado if they are not willing to resolve this issue immediately, as we have dealt with enough of this nonsense.
IT APPEARS THAT SPEICHER FINANCIAL GROUP, SPEICHER HAYES FINANCIAL GROUP AND SPEICHER FINANCIAL GROUP AT WELLS FARGO FINANCIAL IS TRYING TO ROB ME AND MY FAMILY OF OUR HARD EARNED MONEY AND WE WILL NOT ALLOW THAT TO HAPPEN.
THIS CONARTIST AND HIS COMPANY CAN NOT BE TRUSTED.
His own employees and work associates have recently threatened to file a lawsuit due to his practices.
I HEARD HIM HAMMERING OTHER BROKERS AND ANNUITY SALESMEN IN HIS OFFICE.
JEFF SPEICHER BOUGHT A 200 MILLION DOLLAR BOOK OF BUSINESS FROM HAYES AND CONTINUES HIS CON JOB THRU STOCKS BONDS ANNUITIES, MUTUAL FUNDS AND CD’S WITH EXISTING AND NEW CLIENTS.
SADLY, HIS CLIENTS/INVESTORS HAVE LOST A LOT OF MONEY AND THEY WILL LOSE MORE WHEN HE DEDUCTS HIS FEES FROM THEIR ACCOUNTS, AS HIS SALES CONTINUE TO GROW…. HE MAKES OVER A MILLION DOLLARS PER YEAR!
ANY ONE WHO TRIES TO LEAVE WELLS FARGO ARE CHARGED MASSIVE EARLY TERMINATION FEES.
SPEICHERS OVERBILLING SCHEME TARGETS CLIENT WITH 500,000.00 AND ABOVE..
SPEICHER TARGETS LESS SOPHISTICATED CLIENTS BY USING DECEPTIVE LANGUAGE IN A 63-PAGE CONTRACT DESIGNED TO CONFUSE THEM.
SPEICHER SPENDS “MOST OF HIS SHOW” SPEAKING ILL OF HIS CLIENTS/ AND INVESTORS WHEN THEY COMPLAIN OF THEIR SUBSTANTIAL LOSSES.
His clients and investors have lost significant amounts of money. Those who invested in annuities have lost significant amounts of money as well and their accounts Mutual funds, stocks bonds and annuities HAVE ALL GONE DOWN IN VALUE.
SPEICHERS CAVEAT IS TO PREY ON (PEOPLE 40-80) RETIREMENT FEARS AND BILK ANYONE HE CAN OUT OF THEIR MONEY.
My 84 year old father is a great example of a variable annuity victim as Jeff Speicher, his financial advisor sold him a variable annuity a few years ago when he was 79.
My father recently showed me the variable annuity and the surrender period was 10 years and the fees were well over 3% per year. My father has not been able to access his annuity without penalty until he turns eighty-nine.
THE BEST ADVICE IS TO STEER CLEAR OF JEFF SPEICHER, SPEICHER FINANCIAL GROUP, SPEICHER HAYES FINANCIAL GROUP AND SPEICHER FINANCIAL GROUP AT WELLS FARGO, HIS FINANCIAL INVESTMENT ADVICE AND HIS VARIABLE ANNUITIES.
They are a mutual fund type of account overlaid with a thin layer of insurance.
Fees typically are very high and Disclosure to individuals is very poor.
There is a lot of confusion on the part of clients who bought variable annuities.
These are complex instruments with many moving parts that aren’t always adequately understood.
Folks who buy annuities don’t understand the tax ins, and outs and often are told variable annuities are safe.
Variable annuities typically lack liquidity and can tie consumer money down with prolonged surrender penalty periods.
You will never come out ahead by investing in a variable annuity due to the prolonged drag of fees and tax issues.
Variable annuities always benefit the seller, and only infrequently benefit the buyer.
VET AND VERIFY
THE FINANCIAL ADVISOR'S BACKGROUND.
FIND OUT IF THE ADVISOR HAS RECEIVED ANY DISCIPLINARY ACTION OR COMPLAINTS.
These websites help uncover unscrupulous advisors: finra.org/brokercheck, adviserinfo.sec.gov,
nasaa.org, naic.org and cfp.net.
Ask how the advisor is compensated. Is it by commission, assets under management, fee, or a combination of payment structures?
If the potential financial advisor is unclear or hedges when asked about fees, walk away.
Ask for the advisors ADV Part II document which explains the professionals services, fees, and strategies.
Also ask for names of satisfied, long-term clients. Although a good idea in theory, this protection has a downside, as the referrals could be prescreened or friends of the advisor.