Alerus Financial Reviews (2)
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Alerus Financial Rating
Address: 401 Demers Ave Ste 100, Grand Forks, North Dakota, United States, 58201-4574
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I am rejecting this response because, without my knowledge, Alerus put my money into a Managed Fee account, made no attempt to contact me to explain fees or investment
options and hid fees in the body of a paragraph on statementsAlerus claims that their fees are competitive, but they are not; my other retirement accounts had set annual fees (one was $50, one was $125.00), not a percentage of account balanceAlerus' fee specialist told me that my Alerus account should NOT have been in a 1% managed fee accountFurthermore, on the agreement that I signed it appears that opposite the word FEES, it is indicated as "WAIVED"Alerus provided no management services, the money sat in a very few mutual funds and if Alerus does not pay all or a large part of the money back, it just makes it more clear how unethical they are
Alerus values the privacy and personal information of our customers, which is why we do not respond publicly to any complaints.