Is It Really Your Money?
Financial Investment Fraud Experience in Arizona

After months of exhaustive research, the author made the decision to liquidate her investment portfolio to fund her IRS-approved private foundation and make donations to charitable organizations focused on protecting and rehabilitating wild, exotic mammals and other animals. Unbeknownst to her, however, her financial advisor had other plans for the money in her investment portfolio, which led to her financial investment fraud experience in Arizona. This marked the beginning of her exposure to the underbelly of the financial world.

She never imagined that a financial advisor’s discretionary investment authority could shield him from prosecution for the theft of her $2 million investment portfolio. Even more shocking was discovering that securities regulatory agencies—tasked with protecting investors from fraud—seemed to give tacit approval to the theft because it was exercised under the guise of discretionary investment authority. Her case became emblematic of more significant issues, including the troubling details of the Kendrick Wealth Management Fraud Case.

Today, virtually all financial advisor agreements contain boilerplate language granting the advisor discretionary investment authority over their client’s retirement or investment portfolio. This raises a vital question: Is It Really Your Money?

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Janelle “Jellybean” Smith-Haff is a writer, feminist, spiritualist, intuitive healer, nature lover, animal lover, and animal-communicating philanthropist. She is the author of two previous books, Good Heavens! My Journey with Spirit Guides and Myths, Medicine, and Misinformation: Advice for Women about Life and Horses from the Barn Goddess. She lives in Cave Creek, Arizona, with her dog and cats.

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