Merrill Lynch manager, Joe Gualtieri, in Philadelphia sent me a letter with no explanation why he was liquidating my retirement investments.I contacted him and my financial advisor to be told by the advisor, he did not know why and Joe did not return my calls.
When a letter was requested to explain why, none was sent.
This had been a 5 year association with trust on my part. Now I am facing a withdrawal fee and 60 days to find a new investment company.
At my age, this is very disappointing and has caused much anguish.This should not happen to anyone.
Monetary Loss: $6000.