Finance

Lyon Polk

Lyon Polk of Polk Wealth Management is a Fraud

Don’t hire Lyon Polk. You’ll regret the decision because he doesn’t respect his clients and is too full of himself. 

Lyon Polk is the Managing Director of the Polk Wealth Management Group at Morgan Stanley. He is also a fraudster who claims to provide a ‘unique experience to clients’ but that experience is filled with disrespect. I had hired the Polk Wealth Management Group with a lot of hope but they disappointed me on all aspects. Never have I felt so disrespected and dejected with a finance advisor, so I don’t think anyone should waste their money by hiring the “#1 Wealth Advisor of the nation”. 

I had hired Lyon Polk to handle the finances of my family and the estate. We were looking for someone with experience in wealth management and no one seemed a better choice than him. Lyon has received numerous accolades and awards, so I didn’t question his credentials for once. Even in the meetings before he got our account, Lyon was very well-behaved and understanding. I couldn’t have ever thought that he would turn out to be such an egoist. 

During our meetings, Lyon never shuts down his phone. This is a serious issue because he constantly gets calls or messages from other people, including other clients and his staff. It’s also very disrespectful because in my whole career, I have never seen a financial advisor who prioritizes his or her phone over the client. I had objected to this tendency of Lyon at the very beginning, but he ignored it. He didn’t care at all.

He is so full of himself that he doesn’t even bother to check how his client is responding to his behaviour. Lyon claims to provide specialized investment opportunities but that’s all rubbish. I wonder why he spends so much time on the phone. Surprisingly, he never picked up my calls. I thought he would behave better on call, but I never got to talk to him through a phone. So I’m quite certain that he simply wastes his time and his client’s time by talking to a pal or a buddy during a meeting.  

During one of our meetings, Lyon picked up a call from his home and I was talking to him about several investments I was looking into. At first, I thought it was an emergency but when I realized that he was indulging in chit-chat, I felt disrespected. I asked him if the call was about something urgent, but he ignored my question. There are many things wrong with that guy but most importantly, it’s his attitude. 

My family was paying them a heavy fee for their services and I couldn’t get even get a proper meeting with him. I was frustrated with his phone calls solely because it would waste my time and Lyon would usually spend at least 15 minutes on the phone. Now, I’m not a freeloader who has hours to spare, I have my own businesses to run. But Lyon doesn’t seem to care. I think he is overconfident that no matter what he does, his clients wouldn’t leave him. Why? Well, that could be because of his reputation in the market and the goodwill he has. Before I had paid those people $XXX,XXX, I also thought Lyon was the guy everyone claimed him to be. But after those painful meetings, I came to the realization that Lyon is just a fraudster who has created a fake reputation in the market so he can attract clients. 

For Lyon Polk, phone calls are more important than clients. He would talk on the phone for 15 to even 20 minutes during a meeting while ignoring the client completely. It is common for him.

Why Did I Hire Lyon Polk?

As I mentioned before, Lyon Polk is the Founder and Managing Director of the Polk Wealth Management Group. He is on Forbes’ list of Top Wealth Advisors, Barron’s Top Wealth Advisors, and has won multiple awards in his career too. Apart from the Polk Wealth Management Group at Morgan Stanley, Lyon is also a part of the company’s Wealth Management Advisory Cabinet. He comes from a respected family and serves ultra high net-worth families. As anyone can see, his credentials are way too impressive. There’s no reason to doubt his services when you see his resume on paper. But in reality, Lyon lacks in providing proper service to his clients. He is so full of himself that he doesn’t care what his client wants or thinks. 

Lyon Polk and The Polk Wealth Management Group Behave Horribly

When I had complained about Lyon’s behaviour with him, he acted as if he didn’t hear anything. He ignored my complaint and started talking about something else. I told his firm that I no longer want their services, so they started sending one of their people to my office regularly. They didn’t want to lose my family’s account and hoped that I would meet with that random person and reconsider my decision even when I had made my decision. 

When it comes to Lyon, that man never apologized for his negligent behaviour. He would waste my time, my money, and my energy while enjoying chatter with someone else.

After firing Polk Wealth Management, I decided to look into this company and figure out if others have had any painful experiences too. It turns out, people have complained about his services before and when you move on from Barron’s and Forbes, you can find those complaints. 

There’s one takeaway from my Lyon Polk review: DON’T HIRE HIM!

2.8 Total Score
Fraud!

Lyon Polk wastes his client’s time and money during meetings. He is an egoist and doesn’t care at all about his customers.

3.5Expert Score
Trust
3.5
Support
4
Reputation
3.5
Experience
3
2User's score
Trust
2.5
Support
1
Reputation
3
Experience
1.5
PROS
  • Popular Brand
CONS
  • Waste of time
  • Egoist
  • Narcissistic
  • Careless
  • Talks on the phone with others in a client meeting
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2 Comments
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  1. 1.35
    Trust
    30
    Support
    10
    Reputation
    50
    Experience
    20

    Finally, a review page on Lyon Polk. My dad fired Polk Wealth Management Group several months ago because of their negligent behaviour and careless attitude. They lost him 36% of potential gains by making some really stupid investment decisions. When he complained about this, they responded with a lot of attitude and made it seem like he shouldn’t have complained about it at all.
    I don’t know what do these people think of themselves. I’m guessing Lyon leads by example. If the MD behaves this way, no wonder all the other advisors follow his footsteps and talk rudely with their clients. When my dad told those guys that he would fire them, the advisor dared him to do so. I have never seen such stupid, irrational, and egoistic financial advisors anywhere else. And I’m saying this when I have plenty of FAs in my friend group. These people have stressful jobs, no doubt, but they treat their clients nicely. I think Polk Wealth Management Group has stopped caring about its customers because it believes it no longer has to work on improving their relations. In any case, it’s sad.

    - CONS: They have stopped caring about their customers
    Helpful(1) Unhelpful(0)You have already voted this
  2. 0.6
    Trust
    20
    Support
    10
    Reputation
    10
    Experience
    10

    My friend’s uncle knows Mr. Polk. He is notorious for the usual narccisistic behaviour common in the industry, I don’t think we can call him a scammer but yeah he is not the best one to hire in the market.
    The guy has surely made a name in the market with his style of speaking and branding, but those don’t increase your wealth, real work and hours in the office do, both are avoided by Lyon. I liked this post, professionals at his level don’t often get any criticism because of their intimidating stature, I’m glad someone was brave enough to stand up for himself. Kudos to you man. As far as I’m concerned, more power to you 🙂

    + PROS: Popular
    - CONS: Really lazy doesn't spend a lot of time in the office overrated services obviously overpriced
    Helpful(0) Unhelpful(0)You have already voted this

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