HEATH PATRICK ABERNATHY is currently employed as a Broker and/or Investment Adviser at SAGEPOINT FINANCIAL, INC. located at 1000 TEXAN TRAIL, SUITE 218, GRAPEVINE, TX, 76051.
HEATH PATRICK ABERNATHY has worked at SAGEPOINT FINANCIAL, INC. since October 31, 2008
HEATH PATRICK ABERNATHY has 2 Disclosure Event(s).
Date: April 08, 2011 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT THEY WERE ADVISED TO INVEST FUNDS INTO A VARIABLE ANNUITY AGAINST THEIR BEST INTEREST. Damage Amount Requested: $16,783.00 Broker Comment: THE RESEARCH FOUND THAT THE CUSTOMERS WERE MADE FULLY AWARE OF THE FEATURES, BENEFITS, AND RISKS OF THE VA, THEY WERE PRESENTED WITH SEVERAL INVESTMENT ALTERNATIVES OTHER THAN THE VARIABLE ANNUITY, AND MADE AN INFORMED DECISION AFTER NUMEROUS MEETINGS AND DISCLOSURES TO PURCHASE THE VARIABLE ANNUITY POLICY.
Date: January 11, 2010 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT THE VA SHE PURCHASED ON 8/2/06 WAS NOT SUITABLE. Damage Amount Requested: $850,000.00 Broker Comment: THE COMPLAINT WAS TRIGGERED BY THE CLIENT RECEIVING ERRONEOUS INFORMATION FROM THE CUSTOMER SERVICE DEPARTMENT OF THE INVESTMENT COMPANY, AND PRESSURE FROM ANOTHER ADVISOR TO TRY AND GAIN CONTROL OVER HER ASSETS. THE EVIDENCE SHOWS THAT THE ALLEGATIONS ARE BASELESS. THE INVESTMENT IN QUESTION WAS DETERMINED TO BE SUITABLE AND ALSO BENEFICIAL TO THE CLIENT, AS IT PRESERVED HER ASSETS DURING ONE OF THE WORST ECONOMIC DOWNTURNS AND MARKET VOLATIITY IN RECENT HISTORY.
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