Jon and/or Pete Najarian are on CNBC nearly every day and are authors of books on how to trade options, so naturally, I thought, geez, these guys must know how to do well in the stock market, so I decided to have the Najarian Family Office manage my investments.
Bad decision. Trades made by the Najarian Family Office caused an overall loss of 6.18% in the value of my savings, including an 11.30% loss in my retirement account, in less than 14 months.
Incredibly, their abysmal performance was during a period with the Dow rose by 6.22%, the S&P improved by 7.60%, and the Nasdaq soared by 8.34%. When I asked for an explanation, they said, "things look great".
Months later, they said my losses were because they had me in an "aggressive" strategy, that we had never discussed, even after I had told them when I opened my account that I was unemployed and relying on my investments to pay off my mortgage.
They made multiple options trades every day, without explaining why those trades were made, and in the end, they claimed the losses were my fault! They cancelled my account and then offered me just $10,000 and a refund of advisor fees in exchange for signing a release so I wouldn't file a complaint with regulators.
I refused their offer and how other investors don’t suffer similar consequences.
I have spoken to an attorney who said they have numerous complaints about the Najarian Family Office
Najarian Family Office, LLC. Reviews
Jon and/or Pete Najarian are on CNBC nearly every day and are authors of books on how to trade options, so naturally, I thought, geez, these guys must know how to do well in the stock market, so I decided to have the Najarian Family Office manage my investments.
Bad decision. Trades made by the Najarian Family Office caused an overall loss of 6.18% in the value of my savings, including an 11.30% loss in my retirement account, in less than 14 months.
Incredibly, their abysmal performance was during a period with the Dow rose by 6.22%, the S&P improved by 7.60%, and the Nasdaq soared by 8.34%. When I asked for an explanation, they said, "things look great".
Months later, they said my losses were because they had me in an "aggressive" strategy, that we had never discussed, even after I had told them when I opened my account that I was unemployed and relying on my investments to pay off my mortgage.
They made multiple options trades every day, without explaining why those trades were made, and in the end, they claimed the losses were my fault! They cancelled my account and then offered me just $10,000 and a refund of advisor fees in exchange for signing a release so I wouldn't file a complaint with regulators.
I refused their offer and how other investors don’t suffer similar consequences.
I have spoken to an attorney who said they have numerous complaints about the Najarian Family Office