Reply To: A good financial advisor in Shanghai?

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#5760
Anonymous
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Hi, I’m wondering if anyone with experience investing at Gladstone Morgan can help me. I started my savings with them in 2006 when I was teaching in Shanghai.

Since that time my savings have consistently lost money and in total have lost 40% of the entire value. I have asked to withdraw my funds.

However, I was told by Gladstone Morgan that my funds are locked in for 25 years and if I withdraw I must pay 76% of the remaining value to them.

I have thoroughly reviewed the contract together with Gladstone numerous times and cannot see anywhere in the contract stating my funds are locked in or I must pay penalties.

I’m feeling cheated and am very worried about what will happen to the remainder of my savings. These are supposed to be for my children’s education. I didn’t get anywhere trying to deal with Chris, Joanne or Toro. Can anyone offer some advice?