Skip to main content

Menu

Representing Individual, High Net Worth & Institutional Investors

Office in Indiana

317.598.2040

Home > Blog > Did your W.A. Smith Financial Group investment advisor sell you risky, non-traded real estate securities?

Did your W.A. Smith Financial Group investment advisor sell you risky, non-traded real estate securities?

Maddox Hargett & Caruso is looking into charges that W.A. Smith Financial Group, a Cleveland-based investment advisory business, advised customers to invest in risky, non-traded real estate investment trusts (REITs).

Investors can’t receive their money back until the underlying real estate is sold because REITs aren’t traded on a public exchange. As a result, they are extremely dangerous for investors. As a result, regulators have issued a warning that REITs are unsuitable for the average retail investor, particularly the elderly.

Investment advisers, such as W.A. Smith, have a fiduciary duty to their clients and must operate solely in their best interests. We want to hear from you if you lost money as a result of W.A. Smith’s account management, including any non-traded REITs.

Maddox Hargett & Caruso, P.C. represents investors nationwide who are trying to recover their investment losses. If your financial advisor was with W.A. Smith Financial Group, we may be able to help you recover some or most of your losses. You can call or email our senior partner Mark Maddox to have your potential case evaluated at no charge. Please call 317-598-2043 or email him at mmaddox@mhclaw.com

Comments are closed.



« Back to Blog


Top of Page