Berge Avedisian (CRD #: 2750210), a broker registered with Avantax Investment Services, is facing a new client dispute involving a variable annuity, according to his BrokerCheck record, accessed on October 28, 2020. There is one other client dispute on his record — concerned investors should keep reading. On August 31, 2020, a client alleged that…

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Ida Zhu (CRD #: 4863613), a broker and an investment adviser registered with LPL Financial, has an investor complaint related to annuity switching, according to her BrokerCheck record, accessed on October 14, 2020. Annuity switching can result in unnecessary fees and financial losses for the client. Annuities often come with substantial commissions, which may tempt…

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Variable annuities are complicated, and many financial advisors believe they are too complex to suit most investor’s needs. These investments are contracts with insurance companies that are set up similarly to mutual funds — they comprise a bundle of securities that will hopefully perform well enough to generate interest. When a variable annuity starts making…

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