Investment Advisory Services
Jaime Rios Financial ServicesFind BBB Accredited Businesses in Investment Advisory Services.
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Important information
- Advertising Review:On January 15, 2016, BBB contacted Jaime Rios Financial Services regarding an advertised claim on its website, http://www.moneyconcepts.com/Independent-Investment/Professional/jrios#/. Specifically, BBB requested that the business substantiate the advertised claim that independent financial representation may help increase consumer’s investment returns with current data or testing. The website states “May Help You Increase Your Investment Results. A 10 1/2 Year Study Of Investments Made Over 5,000 Mutual Funds Conducted By DALBAR Financial Services (Ending May 31, 1995) Illustrates Why. Investors Who Used Independent Registered Representatives Outperformed Those Who Didn't By Over 17% In Their Equity Fund Investments And Approximately 21% In Their Fixed Income Fund Investment.” BBB was unable to locate The DALBAR study referenced to substantiate this statistical claim. BBB Code of Advertising states claims relating to the performance, energy savings, safety, efficacy, or results for a service should be based on recent and competent testing or other objective data. As of February 13, 2020 BBB verified that the claim was discontinued.
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