Expert Review

Andrew P. Kraus: Is He Sued by SEC? Uncovering the Truth! (Latest Update 2023)

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Who is Andrew P. Kraus (CRD#: 2180309)?Everything you need to know about Andrew P. Kraus and their accolades

On the Private Executive Services (PES) Team at Merrill, which he helped develop in 1993 Andrew P. Kraus serves as Managing Director and Private Wealth Advisor and oversaw his Relationship Management team.

The PES Team is Merrill’s biggest and most established Private Wealth Management team. To families with extremely high net worth, he provides complete wealth management services. He typically works with the C-suite and senior executives of both public and private firms, and he is aware of the unique worries that frequently go along with these positions.

Andrew P. Kraus played lacrosse for the All-Americans while attending the University of Virginia to study economics. He was born and raised in Garden City, New York, where he now resides with my family. He spends a lot of his leisure time cheering on the sports teams of his four young boys.

As a result of his strong belief in the value of team sports for young people’s growth and development, he now serves as the President of the Garden City Boys Youth Lacrosse organization and has supported the US Lacrosse Foundation for ten years. In addition, he serves on the board of The Kennedy Child Study Center, a project in which my wife and I have been engaged for more than ten years.

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About FIRM:History, achievements, leadership, lawsuits, & disputes

What is Merrill Lynch Wealth Management?

Merrill Lynch Wealth Management is a division of Bank of America that provides financial planning and investment management services to individuals, families, and businesses. The firm has a long-standing history of serving the financial needs of clients, and it is well-known for its sophisticated investment products and services.

The History of Merrill Lynch Wealth Management

Merrill Lynch Wealth Management was founded in 1914 by Charles Merrill and Edmund Lynch. The company was initially established to provide investment banking services to middle-market companies. However, over the years, Merrill Lynch expanded its services to include retail brokerage, wealth management, and financial planning.

In 2009, Merrill Lynch was acquired by Bank of America, and the two companies merged to form one of the largest financial institutions in the world. Today, Merrill Lynch Wealth Management has over 14,000 financial advisors and manages over $2.3 trillion in client assets.

The benefits of using Merrill Lynch Wealth Management

One of the primary benefits of using Merrill Lynch Wealth Management is the firm’s extensive resources and expertise. The company has a team of experienced financial advisors who work closely with clients to develop customized investment strategies based on their individual needs and goals.

Merrill Lynch Wealth Management also provides clients with access to a wide range of investment products and services, including mutual funds, exchange-traded funds (ETFs), stocks, bonds, and alternative investments. Additionally, the firm offers a variety of tools and resources to help clients monitor their investments and make informed decisions about their financial future.

How Merrill Lynch Wealth Management Works

The key features of Merrill Lynch Wealth Management

Merrill Lynch Wealth Management offers a range of features to help clients manage their investments and plan for their financial future. Some of the key features of the firm include:

Financial planning:

Merrill Lynch Wealth Management offers comprehensive financial planning services to help clients achieve their financial goals. The company’s financial advisors work with clients to develop customized financial plans based on their individual needs and goals.

Investment management:

Merrill Lynch Wealth Management offers a range of investment management services, including portfolio management, asset allocation, and investment research.

Retirement planning:

Merrill Lynch Wealth Management offers a range of retirement planning services to help clients plan for their retirement. The firm’s financial advisors can help clients develop a retirement savings plan, estimate retirement expenses, and evaluate retirement income sources.

The different types of accounts offered by Merrill Lynch Wealth Management

Merrill Lynch Wealth Management offers a range of account options to meet the unique needs of individual clients. Some of the account options offered by the firm include:

Individual Retirement Accounts (IRAs):

Merrill Lynch Wealth Management offers traditional, Roth, and SEP IRAs to help clients save for retirement.

Brokerage accounts:

Merrill Lynch Wealth Management offers a range of brokerage accounts, including individual, joint, and custodial accounts.

Trusts and estates:

Merrill Lynch Wealth Management offers trust and estate planning services to help clients protect their assets and ensure that their wishes are carried out.

How to open an account with Merrill Lynch Wealth Management

Opening an account with Merrill Lynch Wealth Management is a straightforward process. Clients can either contact a financial advisor directly or visit the Merrill Lynch Wealth Management website to get started. The firm’s financial advisors will work with clients to determine their investment goals and risk tolerance and recommend an investment strategy that is tailored to their individual needs.

The fees and costs associated with Merrill Lynch Wealth Management

Merrill Lynch Wealth Management charges clients a fee based on the percentage of assets under management. The fee varies depending on the size of the account and the services provided. Additionally, some investment products and services offered by Merrill Lynch may also have additional fees and expenses.

The Merrill Lynch Wealth Management mobile app

Merrill Lynch Wealth Management offers a mobile app that allows clients to monitor their investments and access account information from their mobile devices. The app provides real-time market data, investment news, and alerts to help clients stay informed about their investments.

The Merrill Lynch Wealth Management website

The Merrill Lynch Wealth Management website provides clients with access to a range of tools and resources to help them manage their investments and plan for their financial future. The website includes market data, investment research, and educational resources to help clients make informed investment decisions.

How to achieve Financial Success with Merrill Lynch Wealth Management

Achieving financial success with Merrill Lynch Wealth Management requires a proactive approach to managing your investments and planning for your financial future. Here are some tips to help you get started:

Set clear financial goals:

To achieve financial success, it’s important to set clear financial goals and develop a plan to achieve them. Work with your financial advisor to identify your short-term and long-term financial goals and develop a plan to achieve them.

Monitor your investments:

Regularly monitoring your investments is essential to ensuring that your portfolio remains aligned with your investment goals and risk tolerance. Work with your financial advisor to regularly review your portfolio and make adjustments as needed.

Diversify your portfolio:

Diversifying your portfolio is essential to managing risk and achieving long-term investment success. Work with your financial advisor to develop a diversified investment strategy that is tailored to your individual needs and goals.

Take advantage of tax-efficient strategies:

Managing taxes is an important part of achieving financial success. Work with your financial advisor to identify tax-efficient investment strategies that can help you minimize your tax liability and maximize your investment returns.

What is SEC?

The Securities and Exchange Commission (SEC) in the United States is a federal government regulatory agency that works independently. Its main responsibility is to safeguard investors, ensure the securities markets operate in a fair and orderly manner, and facilitate capital formation.

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Andrew P. Kraus Disclosures: BrokerCheck, FINRA, And SEC ReportsEvery complaint, disclosure, litigation against Andrew P. Kraus

The disclosure of client grievances and arbitrations, regulatory actions, job terminations, bankruptcy filings, and criminal or civil legal procedures is a requirement for anyone registered to offer securities or give investment advice.

26/12/2023 Update
As of now, Andrew P. Kraus has not responded, nor has he apologized for his misdeeds. He has ignored our efforts to highlight the problems faced by his victims. Furthermore, he has only focused on propagating his fake PR.

Below is a description of the sort of disclosure event involved:

  • The customer alleges that Mr. Kraus appropriately diversified the customer’s account. However, there was no alleged damage in a specific amount.
Financial Advisors often take down their client disputes from FINRA’s Public database through Disclosure Expungement. Even law firms provide expungement services to FAs so that they can hide or remove their client disputes and maintain a clean record. So the lack of any disclosures on BrokerCheck doesn’t necessarily mean that the broker hasn’t had any disputes in the past.

FINRA’s BrokerCheck

individual_2180309.pdf (finra.org)

SEC Litigations & Forms

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Source: Andrew P. Kraus – SEC Site Search Search Results

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Andrew P. Kraus Lawsuits, Legal Battles, & DisputesActive database of all lawsuit documents (subject to availability) against Andrew P. Kraus

Most court cases filed in the United States of America are archived on CourtListener, UniCourt, Law.com, Justia, and Trellis. law, and Law360. If Andrew P. Kraus has been involved in any such lawsuits, then you can find the documents using the links down below:

There might be more pending lawsuits against Andrew P. Kraus that are not listed on these directories. Lawsuit files are often deleted from online directories. So if you cannot find any lawsuits against Andrew P. Kraus on these websites, you can contact the local authorities and check if they have a physical copy of any cases.

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Andrew P. Kraus Complaints, Class Action Lawsuits & Legal BattlesRead all class action lawsuits and SEC complaints against Andrew P. Kraus (if available)

The following websites/directories are the best sources for finding complaints, litigations, and disputes against finance advisors. You can find all the complaints against Andrew P. Kraus using the websites down below:

You can contact the law firms mentioned above if facing issues with Andrew P. Kraus or any financial advisor.

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Better Alternatives To Andrew P. Kraus (By Experts):Find the top 3 alternatives to Andrew P. Kraus

These recommendations are based on the ratings of SmartAsset.com, the biggest financial advisor review platform on the internet.
Assets Managed
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Summit Rock Advisors
#1 Rated Investment Advisor
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Assets Managed
$19.9 Billion
Pros
0 Disciplinary Actions
1:2 advisor/client ratio
Cons
3 Conflict Laerts
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Fort Washington Investment Advisors
Best Customer Service In The Market
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$52.42 Billion
Pros
Good advisor/client ratio
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None
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Fisher
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Highest Rated On Independent Platforms
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Assets Managed
$17.3 Billion
Pros
Fee-only
High overall rating
Cons
Several complaints on platforms
You can check out the top 10 financial advisors in the U.S. to learn more.

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