Founded in 1924 by Elorion Plante and Frank Moran, Plante Moran Financial Advisors (PMFA) is an independent, SEC-registered investment adviser (RIA) providing financial planning and investment advisory services.
Per its website and Form ADV filed on March 30, 2023, PMFA, which is headquartered in Southfield, Michigan, has 250+ professionals, services 16,000+ accounts, and has $16.7B+ in regulatory assets under management (AUM). The firm is registered in 30 states as well as Puerto Rico.
Financial Misconduct at PMFA
RIAs are individuals or companies registered with federal and/or state regulatory agencies that provide financial advice. Only those RIAs with at least $100M in assets under management (AUM) are required to register with the Securities and Exchange Commission (SEC). Those RIAs that are not required to register with the SEC must usually be registered in the state in which their principal place of business is located.
Some RIAs also serve as a registered representative of a brokerage firm, enabling them to sell various financial products and make trades on behalf of their clients. Therefore, some RIAs are also registered broker-dealers.
As an RIA, PMFA owes its clients a fiduciary duty of care and loyalty to act in the best interest of their clients. If a client suffers losses as a result of negligent behavior or misconduct from an adviser, such as a misrepresentation or omission, then that RIA may be held legally responsible to repay the damages.
In September 2010, a PMFA advisor, Salvatore Antonio Veltri was involved in allegations that a client received an unsuitable investment recommendation. Regulatory records indicate that the dispute is still pending.
Wondering If You Have a Claim? Contact Our Firm Now!
Meyer Wilson reclaimed $350 million for the victims of investment fraud or misconduct. Our attorneys are experienced in going up against the largest registered investment advisers, such as Plante Moran Financial Advisors, and our track record affirms our resources and expertise. As an investor, you have a right to recover investments lost through unethical behavior or decisions made against your interests.
Private Advisor Group
Originally founded by Pat Sullivan and John Hyland as Morristown Financial Group in 1997, Private Advisor Group (“PAG”) is an independent, SEC-registered investment adviser (RIA) providing services to independent advisors, investors, and growing RIA firms.
Per its website and Form ADV filed on March 30, 2023, PAG, which is headquartered in Morristown, New Jersey, has 750+ independent advisors nationwide, services 110,400+ accounts and has $25.6B+ in regulatory assets under management (AUM). The firm is registered in all 50 states as well as the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. PAG, which is ranked number nine on Barron’s list of top RIA firms, is one of the largest and fastest-growing independent wealth management firms in the country.
Financial Misconduct at PAG
RIAs are individuals or companies registered with federal and/or state regulatory agencies that provide financial advice. Only those RIAs with at least $100M in assets under management (AUM) are required to register with the Securities and Exchange Commission (SEC). Those RIAs that are not required to register with the SEC must usually be registered in the state in which their principal place of business is located.
Some RIAs also serve as a registered representative of a brokerage firm, enabling them to sell various financial products and make trades on behalf of their clients. Therefore, some RIAs are also registered broker-dealers.
As an RIA, PAG owes its clients a fiduciary duty of care and loyalty to act in the best interest of their clients. If a client suffers losses as a result of negligent behavior or misconduct from an adviser, such as a misrepresentation or omission, then that RIA may be held legally responsible to repay the damages.
According to its Form ADV (filed on 3/30/23), in the past ten years PAG or an advisory affiliate has been charged with a felony. The SEC or the Commodity Futures Trading Commission (CFTC) has found PAG or an advisory affiliate to have:
- Been involved in a violation of SEC or CFTC regulations or statutes;
- Caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted;
- An order entered against them in connection with an investment-related activity; and
- A civil money penalty on them or been ordered to cease and desist from an activity.
Additionally, another federal regulatory agency, state regulatory agency, or foreign financial regulatory authority has found PAG or an advisory affiliate to have
- Been involved in a violation of an investment-related regulation or statute; and
- Had an order entered against them in the last 10 years in connection with an investment-related activity.
Wondering If You Have a Claim? Contact Our Firm Now!
Meyer Wilson reclaimed $350 million for the victims of investment fraud or misconduct. Our attorneys are experienced in going up against the largest registered investment advisers, such as Private Advisor Group,and our track record affirms our resources and expertise. As an investor, you have a right to recover investments lost through unethical behavior or decisions made against your interests.
Salem Investment Counselors
Founded in 1979, Salem Investment Counselors (“SIC”) is an SEC-registered investment adviser (RIA) providing customized wealth management services to individuals, corporations, and foundations.
Per its website and Form ADV filed on March 31, 2023, SIC, which is headquartered in Winston Salem, North Carolina, services 2,704 accounts and has $2.995B+ in regulatory assets under management (AUM). The firm is registered in 24 states as well as the District of Columbia.
Financial Misconduct at SIC
RIAs are individuals or companies registered with federal and/or state regulatory agencies that provide financial advice. Only those RIAs with at least $100M in assets under management (AUM) are required to register with the Securities and Exchange Commission (SEC). Those RIAs that are not required to register with the SEC must usually be registered in the state in which their principal place of business is located.
Some RIAs also serve as a registered representative of a brokerage firm, enabling them to sell various financial products and make trades on behalf of their clients. Therefore, some RIAs are also registered broker-dealers.
As an RIA, SIC owes its clients a fiduciary duty of care and loyalty to act in the best interest of their clients. If a client suffers losses as a result of negligent behavior or misconduct from an adviser, such as a misrepresentation or omission, failure to supervise, unauthorized trading, and unsuitability, then that RIA may be held legally responsible to repay the damages.
Wondering If You Have a Claim? Contact Our Firm Now!
Meyer Wilson reclaimed $350 million for the victims of investment fraud or misconduct. Our attorneys are experienced in going up against the largest registered investment advisers, such as Salem Investment Counselors, and our track record affirms our resources and expertise. As an investor, you have a right to recover investments lost through unethical behavior or decisions made against your interests.
SCS Financial
Founded in 2002, SCS Financial (“SCS”) is an SEC-registered investment adviser (RIA) providing wealth management and investment services to families, family offices, and institutional investors.
Per its website and Form ADV filed on April 28, 2023, SCS, which is headquartered in Boston, Massachusetts, has 130 employees, services 416 accounts, and has $28.98B+ in discretionary assets under management (AUM). SCS is registered in 34 states as well as the District of Columbia.
Financial Misconduct at SCS
RIAs are individuals or companies registered with federal and/or state regulatory agencies that provide financial advice. Only those RIAs with at least $100M in assets under management (AUM) are required to register with the Securities and Exchange Commission (SEC). Those RIAs that are not required to register with the SEC must usually be registered in the state in which their principal place of business is located.
Some RIAs also serve as a registered representative of a brokerage firm, enabling them to sell various financial products and make trades on behalf of their clients. Therefore, some RIAs are also registered broker-dealers.
As an RIA, SCS owes its clients a fiduciary duty of care and loyalty to act in the best interest of their clients. If a client suffers losses as a result of negligent behavior or misconduct from an adviser, such as a misrepresentation or omission, failure to supervise, unauthorized trading, and unsuitability, then that RIA may be held legally responsible to repay the damages.
Wondering If You Have a Claim? Contact Our Firm Now!
Meyer Wilson reclaimed $350 million for the victims of investment fraud or misconduct. Our attorneys are experienced in going up against the largest registered investment advisers, such as SCS Financial, and our track record affirms our resources and expertise. As an investor, you have a right to recover investments lost through unethical behavior or decisions made against your interests.
Signature Estate & Investment Advisors
Founded in 1997, Signature Estate & Investment Advisors (“SEIA”) is an SEC-registered investment adviser (RIA) providing investment management and financial planning services to individuals, institutions, and corporations.
Per its website and Form ADV filed on May 30, 2023, SEIA, which is headquartered in Los Angeles, California, has more than 17,000 accounts and $11.6B+ in regulatory assets under management (AUM). SEIA is registered in all 50 states as well as the District of Columbia and Puerto Rico.
Financial Misconduct at SEIA
RIAs are individuals or companies registered with federal and/or state regulatory agencies that provide financial advice. Only those RIAs with at least $100M in assets under management (AUM) are required to register with the Securities and Exchange Commission (SEC). Those RIAs that are not required to register with the SEC must usually be registered in the state in which their principal place of business is located.
Some RIAs also serve as a registered representative of a brokerage firm, enabling them to sell various financial products and make trades on behalf of their clients. Therefore, some RIAs are also registered broker-dealers.
As an RIA, SEIA owes its clients a fiduciary duty of care and loyalty to act in the best interest of their clients. If a client suffers losses as a result of negligent behavior or misconduct from an adviser, such as a misrepresentation or omission, then that RIA may be held legally responsible to repay the damages.
In January 2012, SEIA advisor, Mark Edward Copeland settled for $5,363.51 after a client alleged that he had failed to manage her account withdrawals and properly service her account.
In July 2014, SEIA advisor, Nan Benson Xie admitted to converting funds by writing unauthorized checks in the amount of $3,697.77 to himself.
In June 2020, SEIA advisor, Jennifer Kim settled with a customer for $17,164.73 after the customer alleged that Kim had failed to follow instructions resulting in losses in the account.
Wondering If You Have a Claim? Contact Our Firm Now!
Meyer Wilson reclaimed $350 million for the victims of investment fraud or misconduct. Our attorneys are experienced in going up against the largest registered investment advisers, such as Signature Estate & Investment Advisors, and our track record affirms our resources and expertise. As an investor, you have a right to recover investments lost through unethical behavior or decisions made against your interests.
Silvercrest Asset Management Group
Founded in 2002, Silvercrest Asset Management Group (“SAMG”) is an independent, employee-owned SEC-registered investment adviser (RIA) providing asset management services to high-net-worth individuals and institutional investors.
Per its website and Form ADV filed on March 31, 2023, SAMG, which is headquartered in New York, NY, services 1,200+ accounts and $28.9B+ in regulatory assets under management (AUM). SAMG is registered in 36 states as well as the District of Columbia.
Financial Misconduct at SAMG
RIAs are individuals or companies registered with federal and/or state regulatory agencies that provide financial advice. Only those RIAs with at least $100M in assets under management (AUM) are required to register with the Securities and Exchange Commission (SEC). Those RIAs that are not required to register with the SEC must usually be registered in the state in which their principal place of business is located.
Some RIAs also serve as a registered representative of a brokerage firm, enabling them to sell various financial products and make trades on behalf of their clients. Therefore, some RIAs are also registered broker-dealers.
As an RIA, SAMG owes its clients a fiduciary duty of care and loyalty to act in the best interest of their clients. If a client suffers losses as a result of negligent behavior or misconduct from an adviser, such as a misrepresentation or omission, then that RIA may be held legally responsible to repay the damages.
Wondering If You Have a Claim? Contact Our Firm Now!
Meyer Wilson reclaimed $350 million for the victims of investment fraud or misconduct. Our attorneys are experienced in going up against the largest registered investment advisers, such as Silvercrest Asset Management Group, and our track record affirms our resources and expertise. As an investor, you have a right to recover investments lost through unethical behavior or decisions made against your interests.
Stratos Wealth Partners
Founded in 2008 by Jeffrey Concepcion, Stratos Wealth Partners, Ltd. (“SWP”) is an SEC-registered investment adviser (RIA), powered by LPL Financial. SWP provides numerous services, such as financial planning, investment management, retirement planning, estate planning, tax planning, social security planning, business planning, risk management, and more.
Per its website and Form ADV filed on June 8, 2023, SWP, which is headquartered in Beachwood, Ohio, services 33,800+ accounts and has $10.3B+ in regulatory assets under management (AUM). It is registered in all 50 states.
Financial Misconduct at SWP
RIAs are individuals or companies registered with federal and/or state regulatory agencies that provide financial advice. Only those RIAs with at least $100M in assets under management (AUM) are required to register with the Securities and Exchange Commission (SEC). Those RIAs that are not required to register with the SEC must usually be registered in the state in which their principal place of business is located.
Some RIAs also serve as a registered representative of a brokerage firm, enabling them to sell various financial products and make trades on behalf of their clients. Therefore, some RIAs are also registered broker-dealers.
As an RIA, SWP owes its clients a fiduciary duty of care and loyalty to act in the best interest of their clients. If a client suffers losses as a result of negligent behavior or misconduct from an adviser, such as a misrepresentation or omission, then that RIA may be held legally responsible to repay the damages.
Per SWP’s Form ADV, the firm or an advisory affiliate was found to be involved in a violation of investment-related regulations or statutes. Within the past 10 years, SWP also had an order against the firm or an advisory affiliate in connection with an investment-related activity.
Wondering If You Have a Claim? Contact Our Firm Now!
Meyer Wilson reclaimed $350 million for the victims of investment fraud or misconduct. Our attorneys are experienced in going up against the largest registered investment advisers, such as Stratos Wealth Partners,and our track record affirms our resources and expertise. As an investor, you have a right to recover investments lost through unethical behavior or decisions made against your interests.
Summit Financial
Originally founded in 1982 as Summit Financial Resources, Summit Financial (“Summit”), formally Summit Investment Advisors, Inc., is an independent SEC-registered investment adviser (RIA). It was rebranded as Summit Financial in 2018 after it partnered with Merchant Investment Management. Summit provides financial planning and investment management services.
Per its website and Form ADV filed on April 27, 2023, Summit, which is headquartered in Hunt Valley, Maryland, has $153M+ in regulatory assets under management (AUM) (all discretionary) across 499 accounts, and is registered in Delaware, Florida, Maryland, Pennsylvania, and Virginia.
Financial Misconduct at Summit
RIAs are individuals or companies registered with federal and/or state regulatory agencies that provide financial advice. Only those RIAs with at least $100M in assets under management (AUM) are required to register with the Securities and Exchange Commission (SEC). Those RIAs that are not required to register with the SEC must usually be registered in the state in which their principal place of business is located.
Some RIAs also serve as a registered representative of a brokerage firm, enabling them to sell various financial products and make trades on behalf of their clients. Therefore, some RIAs are also registered broker-dealers.
As an RIA, Summit owes its clients a fiduciary duty of care and loyalty to act in the best interest of their clients. If a client suffers losses as a result of negligent behavior or misconduct from an adviser, such as a misrepresentation or omission, then that RIA may be held legally responsible to repay the damages.
In 2020, Summit settled SEC-charges related to the sale of volatility-linked exchange-traded products (ETPs). The SEC alleged that between 2016 and 2018 Summit advisors recommended unsuitable ETPs. The firm failed to implement policies and procedures, including providing adequate training for advisors, that would have been reasonably designed to prevent such unsuitable investments. These investments resulted in “meaningful losses” for 91 clients. Summit was ordered to pay a civil penalty, disgorgement, and prejudgment interest of more than $600,000.
Wondering If You Have a Claim? Contact Our Firm Now!
Meyer Wilson reclaimed $350 million for the victims of investment fraud or misconduct. Our attorneys are experienced in going up against the largest registered investment advisers, such as Summit Financial, and our track record affirms our resources and expertise. As an investor, you have a right to recover investments lost through unethical behavior or decisions made against your interests.
The Colony Group
Founded in 1986, The Colony Group (“TCG”) is an independent SEC-registered investment adviser (RIA) providing wealth management, planning, and investment strategies to individuals, businesses, and non-profits. In 2011, TCG joined Focus Financial Partners. Over the years TCG has participated in numerous merges, most recently with Cooper Lapman Financial in 2023.
Per its website and Form ADV filed on May 22, 2023, TCG, which is headquartered in Boston, Massachusetts, has $18.8B+ regulatory assets under management (AUM) across more than 20,000 accounts. TCG is registered in all 50 states as well as the District of Columbia. The firm has 21 offices and 350+ employees across the country.
Financial Misconduct at TCG
RIAs are individuals or companies registered with federal and/or state regulatory agencies that provide financial advice. Only those RIAs with at least $100M in assets under management (AUM) are required to register with the Securities and Exchange Commission (SEC). Those RIAs that are not required to register with the SEC must usually be registered in the state in which their principal place of business is located.
Some RIAs also serve as a registered representative of a brokerage firm, enabling them to sell various financial products and make trades on behalf of their clients. Therefore, some RIAs are also registered broker-dealers.
As an RIA, TCG owes its clients a fiduciary duty of care and loyalty to act in the best interest of their clients. If a client suffers losses as a result of negligent behavior or misconduct from an adviser, such as a misrepresentation or omission, unsuitability, failure to supervise, unauthorized trading, or overconcentration, then that RIA may be held legally responsible to repay the damages.
TCG has disclosed on its Form ADV that the firm or an advisory affiliate has been involved in violating investment-related regulations or statutes, and within the past 10 years has had an order entered against them in connection an investment-related activity.
Wondering If You Have a Claim? Contact Our Firm Now!
Meyer Wilson reclaimed $350 million for the victims of investment fraud or misconduct. Our attorneys are experienced in going up against the largest registered investment advisers, such as The Colony Group, and our track record affirms our resources and expertise. As an investor, you have a right to recover investments lost through unethical behavior or decisions made against your interests.
Tiedemann Advisors
Founded in 1999 by Carl Tiedemann, Tiedemann Advisors (“Tiedemann”) is one of the largest independent SEC-registered investment adviser (RIA) providing wealth management, financial planning, and other services, for individuals, institutions, foundations, and businesses. It is a subsidiary of Alvarium Wealth Management Non-UK Limited.
Per its website and Form ADV filed on April 27, 2023, Tiedemann, which is headquartered in New York , New York, has $22.4B+ in regulatory assets under management (AUM) across more than 600 accounts. The firm is registered in 19 states and has nine offices across the U.S.
Financial Misconduct at Tiedemann
RIAs are individuals or companies registered with federal and/or state regulatory agencies that provide financial advice. Only those RIAs with at least $100M in assets under management (AUM) are required to register with the Securities and Exchange Commission (SEC). Those RIAs that are not required to register with the SEC must usually be registered in the state in which their principal place of business is located.
Some RIAs also serve as a registered representative of a brokerage firm, enabling them to sell various financial products and make trades on behalf of their clients. Therefore, some RIAs are also registered broker-dealers.
As an RIA, Tiedemann owes its clients a fiduciary duty of care and loyalty to act in the best interest of their clients. If a client suffers losses as a result of negligent behavior or misconduct from an adviser, such as a misrepresentation or omission, unsuitability, failure to supervise, unauthorized trading, or overconcentration, then that RIA may be held legally responsible to repay the damages.
Wondering If You Have a Claim? Contact Our Firm Now!
Meyer Wilson reclaimed $350 million for the victims of investment fraud or misconduct. Our attorneys are experienced in going up against the largest registered investment advisers, such as Tiedemann Advisors, and our track record affirms our resources and expertise. As an investor, you have a right to recover investments lost through unethical behavior or decisions made against your interests.
Valeo Financial Advisors
Founded in 2003, Valeo Financial Advisors, LLC (“VFA”) is an independent, fee-only SEC-registered investment adviser (RIA) providing financial planning and wealth management services to various clients, such as corporations, businesses, and charitable organizations, but predominantly to individuals. It is ranked as one of the largest financial advisory firms in the Midwest.
Per its website and Form ADV filed on March 28, 2023, VFA, which is headquartered in Carmel, Indiana, has $7.1B+ in regulatory assets under management (AUM) with 14,000+ clients across more than 15,000 accounts, and has five locations.
Financial Misconduct at VFA
RIAs are individuals or companies registered with federal and/or state regulatory agencies that provide financial advice. Only those RIAs with at least $100M in assets under management (AUM) are required to register with the Securities and Exchange Commission (SEC). Those RIAs that are not required to register with the SEC must usually be registered in the state in which their principal place of business is located.
Some RIAs also serve as a registered representative of a brokerage firm, enabling them to sell various financial products and make trades on behalf of their clients. Therefore, some RIAs are also registered broker-dealers.
As an RIA, VFA owes its clients a fiduciary duty of care and loyalty to act in the best interest of their clients. If a client suffers losses as a result of negligent behavior or misconduct from an adviser, such as a misrepresentation or omission, then that RIA may be held legally responsible to repay the damages.
In February 2022, VFA advisor, Christopher G. Turean was discharged by VFA after he had allegedly misrepresented investment products in order to misappropriate client funds.
Wondering If You Have a Claim? Contact Our Firm Now!
Meyer Wilson reclaimed $350 million for the victims of investment fraud or misconduct. Our attorneys are experienced in going up against the largest registered investment advisers, such as Valeo Financial Advisors,and our track record affirms our resources and expertise. As an investor, you have a right to recover investments lost through unethical behavior or decisions made against your interests.
Wealth Enhancement Advisory Services
Founded in 2001, Wealth Enhancement Advisory Services (“WEAS”) is an independent SEC-registered investment adviser (RIA) providing investment management and financial planning services. It is a subsidiary of Wealth Enhancement Group, LLC
Per its website and Form ADV filed on March 29, 2023, WEAS, which is headquartered in Plymouth, Minnesota, has $56.3B+ in regulatory assets under management (AUM) across more than 128,000 accounts. It is registered in all 50 states as well as the District of Columbia.
Financial Misconduct at WEAS
RIAs are individuals or companies registered with federal and/or state regulatory agencies that provide financial advice. Only those RIAs with at least $100M in assets under management (AUM) are required to register with the Securities and Exchange Commission (SEC). Those RIAs that are not required to register with the SEC must usually be registered in the state in which their principal place of business is located.
Some RIAs also serve as a registered representative of a brokerage firm, enabling them to sell various financial products and make trades on behalf of their clients. Therefore, some RIAs are also registered broker-dealers.
As an RIA, WEAS owes its clients a fiduciary duty of care and loyalty to act in the best interest of their clients. If a client suffers losses as a result of negligent behavior or misconduct from an adviser, such as a misrepresentation or omission, unsuitability, failure to supervise, unauthorized trading, or overconcentration, then that RIA may be held legally responsible to repay the damages.
WEAS has previously disclosed on its Form ADV that a regulatory agency has found the firm to have made a false statement or omission, or been dishonest, unfair, or unethical.
Wondering If You Have a Claim? Contact Our Firm Now!
Meyer Wilson reclaimed $350 million for the victims of investment fraud or misconduct. Our attorneys are experienced in going up against the largest registered investment advisers, such as Wealth Enhancement Advisory Services, and our track record affirms our resources and expertise. As an investor, you have a right to recover investments lost through unethical behavior or decisions made against your interests.
Wealthspire Advisors
Wealthspire Advisors (“Wealthspire”) is an SEC-registered investment adviser (RIA) providing financial planning and investment services to individuals, families, businesses, charities, endowments, and foundations. It is the rebranded name of Sontag Advisory and Bronfman Rothschild, the firm it acquired in May 2019. The name change took place in October 2019.
Per its website and Form ADV filed on March 31, 2023, Wealthspire, which is headquartered in New York, New York, has $16.3B+ in regulatory assets under management (AUM) across more than 6,600 accounts, employs 290+ professionals, and oversees 19 offices in 10 states.
Financial Misconduct at Wealthspire
RIAs are individuals or companies registered with federal and/or state regulatory agencies that provide financial advice. Only those RIAs with at least $100M in assets under management (AUM) are required to register with the Securities and Exchange Commission (SEC). Those RIAs that are not required to register with the SEC must usually be registered in the state in which their principal place of business is located.
Some RIAs also serve as a registered representative of a brokerage firm, enabling them to sell various financial products and make trades on behalf of their clients. Therefore, some RIAs are also registered broker-dealers.
Many of Wealthspire’s advisors have previously been accused of misconduct. As an RIA, Wealthspire owes its clients a fiduciary duty of care and loyalty to act in the best interest of their clients. If a client suffers losses as a result of negligent behavior or misconduct from an adviser, such as a misrepresentation or omission, unsuitability, failure to supervise, unauthorized trading, or overconcentration, then that RIA may be held legally responsible to repay the damages.
Wondering If You Have a Claim? Contact Our Firm Now!
Meyer Wilson reclaimed $350 million for the victims of investment fraud or misconduct. Our attorneys are experienced in going up against the largest registered investment advisers, such as Wealthspire Advisors, and our track record affirms our resources and expertise. As an investor, you have a right to recover investments lost through unethical behavior or decisions made against your interests.
Woodley Farra
Founded in 1995 by Donald Woodley and George Farra, Woodley Farra Manion Portfolio Management, or Woodley Farra (“WFM”), is a fee-based SEC-registered investment adviser (RIA) providing financial planning and wealth management services to individuals, pension and profit-sharing plans, Trusts, Estates, charitable organizations, corporations, and other business organizations. In 1999, Michael P. Manion joined the firm and became the owner of a minority share of the company.
Per its website and Form ADV filed on March 27, 2023, WF, which is headquartered in Indianapolis, Indiana, has $1.49B+ in regulatory assets under management (AUM) across more than 1,200 accounts.
Financial Misconduct at WFM
RIAs are individuals or companies registered with federal and/or state regulatory agencies that provide financial advice. Only those RIAs with at least $100M in assets under management (AUM) are required to register with the Securities and Exchange Commission (SEC). Those RIAs that are not required to register with the SEC must usually be registered in the state in which their principal place of business is located.
Some RIAs also serve as a registered representative of a brokerage firm, enabling them to sell various financial products and make trades on behalf of their clients. Therefore, some RIAs are also registered broker-dealers.
As an RIA, WFM owes its clients a fiduciary duty of care and loyalty to act in the best interest of their clients. If a client suffers losses as a result of negligent behavior or misconduct from an adviser, such as a misrepresentation or omission, unsuitability, failure to supervise, unauthorized trading, or overconcentration, then that RIA may be held legally responsible to repay the damages.
Wondering If You Have a Claim? Contact Our Firm Now!
Meyer Wilson reclaimed $350 million for the victims of investment fraud or misconduct. Our attorneys are experienced in going up against the largest registered investment advisers, such as Woodley Farra, and our track record affirms our resources and expertise. As an investor, you have a right to recover investments lost through unethical behavior or decisions made against your interests.