Business ProfileforMelia Advisory Group LLC

I went to the Melia Group in Tulsa, about two years ago, I told Greg I am retired and 75 years old, I would like to look at something stable, like bonds or other low risk options. He showed me a program that he said is like bonds but pays better. I would loan money to companies that were established and wanted to buy equipment, or add on etc. I would receive my money back with interest at low risk. I believed him and transferred my life savings to Greg M****. The first year paid me approximately 7%. About eight months ago my account dropped approximately 17%, which seemed impossible to me unless a lot of business went bankrupt but, Greg had only heard of one company going under in his whole career. Greg said I would have less than 3% of my account with any one company to reduce risk. This made no sense, that my account could drop in value like that. If I were in stocks, I could understand this loss. Well, I was in stocks, I found out later !!
Greg said my account was like farmland, it doesn't matter the value, he told me this same story three times, this comparison still doesn't apply to my account, in a savings account the principle does matter. Greg never asked me any questions, he explained one program (loaning money) and then put me in stocks, he never asked me questions or called when the bottom fell out, just recited the same scripted review every time I saw him, I wanted information on a low or no risk plan to protect my life savings, and he put me in a high risk plan and told me a different story every time I talked to him. I sold some property and put it all in my Melia account, He cost me a lot of money.
About two weeks ago I transferred my account to a national wealth management company, We are working on a recovery plan, looking at what risk I want to take, my goals--short term and long term. It may take one year or ten to recover this loss, no one knows.