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This profile was last updated on 12/3/14  and contains information from public web pages and contributions from the ZoomInfo community.
Email: r***@***.com
 
Background

Employment History

  • Owner
    Pinnacle Financial Consulting LLC of Lawrence
  • Chief Executive Officer
    Pinnacle Financial Consulting LLC of Lawrence

Education

  • Bachelor of Arts , Political Science
    Stony Brook University
  • Massachusetts School of Law at Andover
7 Total References
Web References
Robert Burton, owner of ...
www.eagletribune.com, 19 Nov 2013 [cached]
Robert Burton, owner of Pinnacle Financial Consulting, was held in contempt of court last Thursday for ignoring orders prohibiting him from concealing assets, destroying records and advertising, soliciting or providing loan modifications and legal advice, according to a statement by Attorney General Martha Coakley.
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Attempts to reach Burton and an attorney representing him were unsuccessful. His business line is no longer in service.
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Coakley filed suit against Pinnacle in March, accusing Burton of using the foreclosure crisis to prey upon homeowners, targeting minorities and non-English speakers and providing legal advice without a license.
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According to the suit, Burton would identify and contact homeowners close to losing their homes, offering to get modifications to their loans and demanding advance payments for the service contrary to state regulations, according to Coakley's suit. After repeatedly failing to negotiate any modification to the loans, he pressured dozens of homeowners to pay him thousands of dollars to file for bankruptcy to delay a foreclosure sale.
The allegations also included misrepresenting to consumers the services the company could provide, exaggerating the benefits of its services, practicing law without a license, failing to take any action to provide the promised services after receiving payment and refusing to provide refunds upon request.
Burton is not licensed to practice law in Massachusetts.
On the financial advisory side of his business, Burton solicited money from people to invest, but did not make any investments and failed to return any of the money.
The suit is still ongoing, according to the attorney general's office.
Ariel Castillo, an Army lieutenant who served two tours of duty in Iraq, said he turned over his savings to Burton to invest, including a hefty re-enlistment bonus. Burton was, a friend of his sister's and wife's who attended his wedding. But when he began to suspect Burton was not managing his investment competently and tried to withdraw his money, Burton would not return it.
Boutique Financial Consulting Firm | Lawrence, MA
www.pinnacle-fc.com, 22 Feb 2013 [cached]
Robert Burton is the chief executive officer of Pinnacle Financial Consulting, LLC. He is a graduate of Stony Brook University where he earned his Bachelor of Arts in Political Science in 2000.
Robert worked at 2 prominent Wall Street firms before starting law school in 2002. He is a 2005 graduate of the Massachusetts School of Law at Andover. After law school, Robert worked for Foley Hoag LLP, a law firm in Boston, and Deutsche Bank, the fifth largest investment bank in the world. Robert currently holds the Chartered Wealth Manager designation and is pursuing his Chartered Financial Consultant designation.
Courtesy photo Robert ...
www.eagletribune.com, 24 Mar 2013 [cached]
Courtesy photo Robert Burton, owner of Pinnacle Financial Consulting LLC of Lawrence, is under investigation by the state Attorney General's office for numerous illegal acts and misappropriation of clients' funds.Courtesy photo
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ANGIE BEAULIEU/Staff photo According to the state's Secretary of State office, Robert Burton has opened a new business called Pinnacle Immigration at 225 Essex Street in Lawrence. Burton has not responded to numerous attempts for comment. NGIE BEAULIEU/Staff photo
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Burton, 35, owner of Pinnacle Financial Consulting LLC of Lawrence, told Castillo that his money would be placed in an IRA account with a diversified portfolio of publicly traded securities. A year ago, after losing confidence in the way Burton was managing his investments, Castillo asked him to return all of his funds.
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"Rob is a parasite to the entire Commonwealth. What he did in Lawrence he will do elsewhere if he is not stopped."
State Attorney General Martha Coakley's Office has filed a lawsuit against Burton and his firm Pinnacle Financial, alleging numerous illegal acts and misappropriation of clients' funds.
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Burton runs his business from the second floor of a century-old three-story brick office building at 170 Common St. overlooking Campagnone Common, located next to Lawrence Superior Court and several doors down from Lawrence City Hall. From there, the Attorney General's office alleged that Pinnacle Financial has been "engaging in unfair or deceptive acts and practices in connection with their charging of advance fees and providing dozens of Massachusetts consumers purported mortgage loan modification services, bankruptcy petition preparation services, and financial and investment advice."
The Eagle-Tribune attempted to get comment from Burton for this story, but telephone and hand-delivered messages left at Pinnacle Financial's office were not returned.
The primary focus of the lawsuit filed by Coakley's Office is that Pinnacle and Burton allegedly exploited the foreclosure crisis to prey upon homeowners facing financial troubles and the loss of their home - particularly minority and non-native English speakers.
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"After receiving consumers' investment funds, however, (Pinnacle and Burton) fail to invest the monies as promised, and instead use the funds for their own benefit. Even after repeated demands, (Pinnacle and Burton) fail and refuse to return the funds to consumers," Assistant Attorney General Justin Lowe alleged in his complaint.
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Initially, Burton told him that he would open an IRA account and invest his savings in index funds and a diversified equities portfolio. During 2008, he said Burton told him he was putting all of his $25,000 in cash reserve because of the stock market crash.
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"I began to lose confidence in Burton's competency when he could not provide a reasonable explanation for why my money had remained in cash reserves since 2008 when the market had rebounded significantly over the past several years," Castillo said in a signed affidavit in February that's included in the court records of the lawsuit against Pinnacle and Burton.
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"At first, Burton stated that the market was not safe and that I should seek out other investment alternatives such as gold or foreign markets. However, Burton provided no explanation for why he had not done anything with my money since 2008. At that point, I decided to withdraw all of my money from under Burton's management and invest it on my own through the Army," he said.
Castillo said he suspected that Burton "had defrauded me when he would not return my money. He said he asked Burton to transfer all of his funds into an Army Thrift Savings Plan account, a U.S. government-sponsored retirement savings and investment plan similar to a 401(k) account. Even after he had arranged for a conference call between Burton and an Army Thrift Savings Plan customer service agent, Burton still didn't make the transfer and made excuses for the delay, according to court records.
Burton later offered to send him a check for $10,000, claiming that's what would be left after taxes.
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"I could not understand why Burton would be withholding $8,000 in taxes when I had given him $25,000 in after-tax money in 2007," Castillo said.
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But Castillo said Burton never sent him any money back - "Not a dime."
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An Attleboro resident who once had Burton as his next-door neighbor said he was befriended by Pinnacle Financial's chief executive officer, too, and said it cost him about $34,500 - for misplacing his trust in somebody who later misappropriated a $40,000 investment.
Burton promised to double his neighbor's money in just 30 days, according to court documents.
To the neighbor, Burton "appeared very successful."
"His home is new and large, and he drives two late model Mercedes Benz vehicles, including a 2008 S550 and a 2009 ML350," the neighbor wrote in an affidavit last month. "Because I considered Burton a good friend of mine, and because I trusted that he would make good on his promises to me, I agreed to participate in the July 30, 2012 investment opportunity."
The neighbor said he gave Burton a check for $40,000 - half of it was his money; the other half was invested by his 71-year-old mother.
The 30 days passed, and the neighbor never received the $80,000 he was expecting. Last September, Burton told him he had mailed out two $40,000 checks, but added the neighbor could pick up "replacement checks" at Pinnacle Financial if the neighbor didn't want to wait for the mail.
Both checks were returned, marked "insufficient funds. But Burton still insisted the funds were in the company's account.
Eventually, all the neighbor received was $5,500.
"Aside from numerous excuses and false assurances, Burton has not provided any explanation for what happened to my money," the neighbor said.
ANGIE BEAULIEU/Staff photo According to ...
www.eagletribune.com, 24 Mar 2013 [cached]
ANGIE BEAULIEU/Staff photo According to the state's Secretary of State office, Robert Burton has opened a new business called Pinnacle Immigracion at 255 Essex Street in Lawrence. Burton has not responded to numerous attempts for comment. NGIE BEAULIEU/Staff photo
...
Courtesy photo Robert Burton, owner of Pinnacle Financial Consulting LLC of Lawrence, is under investigation by the state Attorney General's office for numerous illegal acts and misappropriation of clients' funds.Courtesy photo
...
"After the call, I feared that Burton and Pinnacle had also mismanaged my loan modification and immediately contacted the mortgage lender for my home in Dracut to determine what Burton had done," the woman said.
"My lender's representative advised me that the lender had denied my loan modification request on Jan. 23, 2012, and that it had informed Burton of this fact immediately thereafter," she said.
"The representative also told me that it first received a loan modification application from Pinnacle in November 2011, even though Pinnacle and Burton said that they had submitted my paperwork in August soon after I hired them."
Despite meeting with the woman on several occasions after Jan. 23, Burton never told her that her loan modification had been denied, according to the affidavit.
"Instead, Burton specifically told me that I needed to file bankruptcy and pay him an additional fee in order to buy time to complete my loan modification process a week after my loan modification request had already been denied," she said.
But state Attorney General Martha ...
www.eagletribune.com [cached]
But state Attorney General Martha Coakley's office this week sued Pinnacle and its owner Robert Burton, alleging they "have sought to capitalize on the foreclosure and economic crisis by preying upon homeowners who are facing the imminent loss of their homes."
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Burton could not be reached for comment last night. Voice and email messages left at Pinnacle's second floor office at 170 Common St. went unanswered.
The website lists Burton as Pinnacle's chief executive officer and cites his legal education: a 2005 graduate of the Massachusetts School of Law at Andover.
After law school, Burton worked for Foley Hoag LLP, a law firm in Boston, and Deutsche Bank, the fifth largest investment bank in the world, according to the company website.
The Pinnacle website doesn't mention that Burton is not a licensed lawyer in Massachusetts, although it has recently posted a "Non-Attorney Disclaimer," with a one-page form to be filled out by its clients. The first paragraph of the disclaimer notes Pinnacle "is not a law firm, and the employment service is not a substitute for the advice of an attorney."
But in its lawsuit, the attorney general alleged that Burton and Pinnacle in personal meetings with clients misrepresented themselves by saying "they are attorneys authorized to provide legal advice and services when, in fact they are not."
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