I hired Tod Lenhoff as my financial planner a year ago I told him I was nearing retirement and wanted to rebalance my portfolio to achieve income after retirement I also told him that I wanted to sell more of my investments AFTER retirement when my income would be reduced Instead in six months as a client Tod Lenhoff created a $66K capital gain liability that required me to write a check to the state and federal government for an additional $18K in taxes The capital gains were both short term and long term gains however the overall net gain in was just over $20K In three months of before I terminated the relationship he initiated trades He advertises as a financial planner specializing in the elderly As a senior citizen I would NOT recommend doing business with him He does not represent your interests only his I told him tax advantage financial planning was an important priority which he ignored
I hired Tod Lenhoff as my financial planner a year ago I told him I was nearing retirement and wanted to rebalance my portfolio to achieve income after retirement I also told him that I wanted to sell more of my investments AFTER retirement when my income would be reduced Instead in six months as a client Tod Lenhoff created a $66K capital gain liability that required me to write a check to the state and federal government for an additional $18K in taxes The capital gains were both short term and long term gains however the overall net gain in was just over $20K In three months of before I terminated the relationship he initiated trades He advertises as a financial planner specializing in the elderly As a senior citizen I would NOT recommend doing business with him He does not represent your interests only his I told him tax advantage financial planning was an important priority which he ignored