After working my whole life I thought I was preparing for my retirement. Not being an expert in Financial matters, I entrusted my hard earned savings and also my pension to an advisor from Continental Wealth Management who in turn invested in Momentum Pensions Malta and SEB in Ireland.
this was overseen by Trafalgar who were supposed to use due diligence in checking out that everything was legal and above board. Now, 3 years down the line, Continental Wealth Management has closed down and my investments have lost 60% of their worth. This was due to monies being invested in highly dubious and risky structured notes. Since this has happened, both Momentum Trustees and Trafalgar have more or less ignored the hundreds of people who are in the same boat as myself.
They are only keen to take their fees on a regular basis, and offer no help, advice or suggestions as to how to recoup the horrendous losses suffered by many. Avoid them at all costs.
Product or Service Mentioned: Trafalgar International Retirement Investment Service.
Reason of review: Bad quality.
Monetary Loss: $75000.
Preferred solution: Let the company propose a solution.
I didn't like: Being conned.