My elderly parents had both their superannuations changed over by Amber Stevenson to BT Super. They were told by Amber that this was a wise decision and they trusted her. Not only was this the most poorly performing fund in Australia but Amber’s fees were a whooping $4,500 annually each! Not to mention a massive decline in their superannuation with their poorly distributed investments. Amber cancelled their last annual meeting one year and sent them their annual statement instead. My parents were so upset with how much money Amber had lost them but also her ridiculous fees $9k per year straight in her pocket - for what?!? The net projection of my parents super was that they would run out within 7 years. I promptly got hold of Australian Super and started the process of changing over their remaining super. My parents then received a letter from Amber stating for them to have no further contact with Amber or the firm. So unprofessional and just out for themselves! IF YOU VALUE YOUR MONEY, AVOID AT ALL COSTS!! Sterling Private Wealth or Signate Private Wealth, I hope something catches up with you because this should be illegal to take advantage of the elderly the way Amber did
