Migliaccio & Rathod LLP is investigating whether Smart RetireUS and similar retirement-income platforms improperly charge advisory fees after retirement assets have been converted into annuities or guaranteed-income products.
Reported Issues
Participants report concerns that:
- They enrolled in retirement-income programs marketed as simplified retirement solutions.
- Retirement assets were transferred into guaranteed-income products.
- Smart RetireUS program fees continued after the transfer.
- Fee disclosures were unclear or difficult to understand.
- Ongoing charges reduced the value of retirement-income benefits.
Why Individuals Should Be Concerned
Potential claims include:
- Excessive fees
- Breach of fiduciary duty
- Inadequate fee disclosures
- Consumer-protection violations
- ERISA violations
- Economic loss
Signs You May Be Affected
- You participated in a Smart RetireUS retirement-income program.
- Your retirement assets were converted into guaranteed-income products.
- Fees continued after the conversion.
- You were not clearly informed how ongoing fees would be calculated.
- You believe you paid fees for services that were no longer being provided.
If you have encountered these issues, we would like to hear from you. Please complete the contact form on this page, send us an email at [email protected], or give us a call at (202) 470-3520.