We use cookies to give users the best content and online experience. By clicking “Accept All Cookies”, you agree to allow us to use all cookies. Visit our Privacy Policy to learn more.

Manage Cookies
Resources for Businesses My BBB
Share
Business Profile

Wealth Management

MD Financial Management

This business is NOT BBB Accredited.

Find BBB Accredited Businesses in Wealth Management.

Complaints

Customer Complaints Summary

  • 1 complaint in the last 3 years.
  • 0 complaints closed in the last 12 months.

If you've experienced an issue

Submit a Complaint

The complaint text that is displayed might not represent all complaints filed with BBB. Some consumers may elect to not publish the details of their complaints, some complaints may not meet BBB's standards for publication, or BBB may display a portion of complaints when a high volume is received for a particular business.

Sort by

Complaint status

Complaint type

  • Initial Complaint

    Date:25/10/2023

    Type:Billing Issues
    Status:
    Unanswered
    Resolved:
    The complainant verified the issue was resolved to their satisfaction.
    Unresolved:
    The business responded to the dispute but failed to make a good faith effort to resolve it.
    Answered:
    The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.
    Unanswered:
    The business failed to respond to the dispute.
    Unpursuable:
    BBB is unable to locate the business.
    MD management currently holds an account belonging to my late father who passed away in august 2021. We are now in october 2023 and they are still refusing to pay out his account to my sister and I, his designated heirs in his will, by requesting documents that do not exist (for example, a so-called ‘notarial wet sealed copy’ of his will which we determined with a lawyer is actually impossible to produce since my father is dead and therefore cannot sign a will again in front of a notary). We further know these demands from MD management to be unreasonable as my father also held a far larger account with ******* who accepted the same documents we submitted to them, including the release by our step-mother. These delays mean that MD management has continued making money from an account that is not rightfully theirs and this for now over a year and a half. Any attempts to speak to someone in their estates department is met with more obfuscation and delays or are simply being ignored. This disregard for the will of their client, in a terrible time such as this, is simply inhumane. We hope to prevent this awful situation from happening to anyone else by warning others that MD management will not respect their explicitly detailed instructions and of how they will treat their family members in the worst moment of their lives.

MD Financial Management is NOT a BBB Accredited Business.

To become accredited, a business must agree to BBB Standards for Trust and pass BBB's vetting process.

Why choose a BBB Accredited Business?

BBB Business Profiles may not be reproduced for sales or promotional purposes.

BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.

When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.

BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.

As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation. BBB charges a fee for BBB Accreditation. This fee supports BBB's efforts to fulfill its mission of advancing marketplace trust.