ARBOR CAPITAL MANAGEMENT INC REVIEW
This complaint was posted on NAS on 28th Feb, 2022 and is a permanent record located here: https://www.nameandshame.com/arbor-capital-management-inc-5YOTO/arbor-capital-management-review-id5yeas .
Arbor Capital Management Review
If you plan to invest a portion of you savings, expecting a reasonable return on your investment, don’t with this company. As a medium risk investor, investing a seven figure sum, 2016 to 2000, a record market growth period, the performance of Arbor, managing this portfolio was a yield of less than one percent.
Advice from the company representative through the thirty six month period was little or none and when contacted was usually “just hang in there”. “Profit taking” or “going to cash” seemed to be an unknown strategy in their lexicon.
My portfolio experienced a twenty five percent pullback during the Covid 19 emergency. From the first of January to the middle of July as my portfolio balance declined and hit bottom, I never heard a word from my account representative. (Leo Mesa) Surprisingly I received a call from Mr Mesa contacting me in mid August, advising me to go cash due to an imminent market pullback. Needless to say the market went up thirteen out of fifteen days and has continued that trend to record highs in all major domestic indexes. I fired the company at the end of August.
I was foolish, depending on Arbor to perform and they didn’t. I could have placed my funds in a domestic bank, avoided the risk and done just about as well.
My advice, AVOID! They are not managers, they are caretakers!