They are truly awful. They have infiltrated teachers 403B plans for years and years. I managed to extricate myself from them years ago.I am helping my mother managed her SEP IRA. She has an account with Equitable. After doing some digging, I found that they charge a 1.5% commission to buy ETFs or stocks, and the advisor had recommended and bought a few mutual funds with a 3-6% sales load. I couldn't find much info about Equitable online, but I wanted to post here to warn people. Equitable rips off their customers with ridiculous fees.
Statistics: Posted by KESP — Fri Aug 09, 2024 5:58 pm — Replies 2 — Views 100