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Find a Location

Saoud Financial has 2 locations, listed below.

*This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

    Country
    Please enter a valid location.
    • Saoud Financial

      100 W Big Beaver Rd Ste 200 Troy, MI 48084-5283

      BBB Accredited Business
    • Saoud Financial

      21250 Hall Rd Ste 300 Clinton Township, MI 48038-7232

      BBB Accredited Business

    Business ProfileforSaoud Financial

    Financial Services
    Multi Location Business
    BBB accredited business

    At-a-glance

    Customer Reviews

    1/5stars

    Average of 2 Customer Reviews

    Customer Complaints

    This business has 0 complaints

    BBB Rating & Accreditation

    Accredited Since: 4/24/2015

    Years in Business: 32

    Customer Reviews are not used in the calculation of BBB Rating

    Overview of BBB Rating

    Overview

    Annuities, Life insurance,Mutual funds, Medicare Supplement

    Business Details

    This is a multi-location business.

    Find a Location

    Saoud Financial has 2 locations, listed below.

    *This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

      Country
      Please enter a valid location.
      • Saoud Financial

        100 W Big Beaver Rd Ste 200 Troy, MI 48084-5283

        BBB Accredited Business
      • Saoud Financial

        21250 Hall Rd Ste 300 Clinton Township, MI 48038-7232

        BBB Accredited Business
      Location of This Business
      100 W Big Beaver Rd Ste 200, Troy, MI 48084-5283
      BBB File Opened:
      5/3/2006
      Years in Business:
      32
      Business Started:
      1/1/1992
      Business Incorporated:
      1/1/2019
      Accredited Since:
      4/24/2015
      Licensing Information:
      This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
      Type of Entity:
      Corporation
      Business Management
      • Mr. Aaron Saoud
      Contact Information

      Customer Contact

      • Emma Askew
      Additional Contact Information

      Fax Numbers

      • (586) 991-6311
        Other Fax

      Email Addresses

      Industry Tip

      BBB Tip: How to shop for financial services

      Customer Complaints

      0 Customer Complaints

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      File a Complaint

      Customer Reviews

      2 Customer Reviews

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      How BBB Processes Complaints and Reviews

      Start a Review

      Most Recent Customer Review

      Kathy B

      1 star

      09/27/2022

      Complaints:1. Malfeasance via misrepresentation of the product: We were informed that we were paying all of the (12% federal and ****% state) taxes up front for the conversion to a *************** out of a 20% "bonus" (was actually a RIDER). we were told that the 20% "bonus" would allow us extra money left over to add to our original investment. 2. Misuse of implied expertise: The Annuity with a 20% rider is unsuitable for 67- and 70-year-old clients on fixed monthly income because of the 10-year waiting period. Due to his implied expertise, we believed him when he stated that any and all fees we would incur, would be fully covered by the 20% up front bonus--which did not exist. Mr. *********************** implied both verbally and in his advertisements, that he was in a position to provide financial advice. In his Are you Ready to Retire pamphlet that he provided at our "Tax Code" dinner presentation meeting. His pamphlet states that his services included income planning, tax planning, investment planning, legacy planning, and health care planning. The only employee mentioned and/or pictured on this pamphlet is *************************************. Although his son is a licensed investment advisor, he is not included. 3. Financial negligence: It was not disclosed to us that the taxes would be coming out of our initial investment as we were led to believe they would come out of the upfront "bonus" of 20%. It was not disclosed to us that this switch would not only increase our taxable income but would be taxed at a higher rate. While we were aware of the surrender charge period of the policy, it was not disclosed that we would have to wait 10 years to access the bonus money in the form of the rider and only then would the 20% be applied. When we had our taxes professionally done in April, we were informed that we owed the *** money and had to pay an additional $13,257.00 in taxes because of this income investment. The unexpected payment was and is a financial burden on us.

      Saoud Financial Response

      08/06/2024

      Unfortunately the above people the Bitters did not do their due diligence in talking to a tax advisor. Furthermore our office IS a judiciary with ***** as our in house attorney and financial planner. Even the insurance suitability department agreed that the fault was entirely on the Bitters. I hope that they don't keep making wrong and deceitful remarks on someone's character because they owed the *** taxes on their income. 

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