HANS PETER RAYMOND

HANS PETER RAYMOND is currently employed as a Broker and/or Investment Adviser at CHARLES SCHWAB & CO., INC. located at 11 SOUTH MAIN STREET, WEST HARTFORD, CT, 06107.

HANS PETER RAYMOND has worked at CHARLES SCHWAB & CO., INC. since August 18, 2005

Disclosure History

HANS PETER RAYMOND has 1 Disclosure Event(s).

Date: May 10, 2007
Category: Customer Dispute
Allegations: CLIENT ALLEGES THAT THEY WOULD NOT BE SUBJECT TO ANY SURRENDER CHARGES IF HIS MOTHER WAS PLACED IN A FACILITY DUE TO ILL HEALTH. BASED ON THEIR NEED FOR A CONSERVATIVE INVESTMENT THAT PROVIDED REGULAR INTEREST PAYMENTS, I REVIEWED THE ADVANTAGES AND DISADVANTAGES OF THEIR OPTIONS, SPECIFICALLY CERTIFICATE OF DEPOSITS, INDIVIDUAL BONDS, BOND MUTUAL FUNDS AND OTHER FIXED ANNUITY PRODUCTS. AFTER REVIEWING THE OPTIONS, THE JOHN HANCOCK GUARANTEED PRINCIPAL ANNUITY WAS DECIDED BY THE CLIENT TO BE THE APPROPRIATE INVESTMENT. THE TERMS ASSOCIATED WITH THE WAIVER OF THE PENALTIES FOR A NURSING HOME ARE CLEARLY DEFINED IN THE CONTRACT AND STATE THAT IF THE CLIENT'S AGE AT ISSUE IS GREATER THAN 75 YEARS OLD, THEN THE WAIVER WOULD NOT BE APPLICABLE. I NEVER MADE ANY CLAIM TO THE CONTRARY.CLIENT ALSO ACKNOWLEDGED THE SURRENDER CHARGE SCHEDULE BY SIGNING THE JOHN HANCOCK GUARANTEED PRINCIPAL ANNUITY DISCLOSURE STATEMENT. AT THE TIME OF SALE, 08/01/2003, THE CLIENT'S EXPLAINED THEY WANTED TO GET THE MOST INTEREST THEY COULD FROM THE INVESTMENT AND LIQUIDITY WAS NOT AN ISSUE AS THIS REPRESENTED BUT A SMALL PORTION OF THE CLIENT'S ASSETS.
Damage Amount Requested: $6,500.00

More Information

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