Expert Review

Francis X. Malone: Exposed with the Allegations of SEC or not? (Latest Update 2023)

Who is Francis X. Malone (CRD#: 2385835)?

Francis X. Malone is a Private Wealth Advisor at Morgan Stanley Private Wealth Management. Frank worked for 29 years in private wealth management, including time at Morgan Stanley (16 years), Goldman Sachs (7 years), and Merrill Lynch’s Private Banking & Investment Group (6 years). Before attending graduate school at Duke University, Frank worked in Corporate Finance for Bank of America.

Since 2014, Frank has been recognized by Barron’s as one of the Top 1,200 Financial Advisors in the United States, including being named to the Top 100 Financial Advisors 2017-2022. He was also selected to The Financial Times’ list of America’s Top 400 Financial Advisors in 2014, 2016, and 2019, as well as Forbes Magazine’s Best in State Wealth Advisors each year since 2018.

This article will go further into Francis X. Malone’s past, uncovering hidden disclosures and SEC litigations, as well as analyzing the implications for law.

About Morgan Stanley Wealth Management:

Morgan Stanley Wealth Management, an American multinational financial services corporation, specializes in retail brokerage and asset management. As a division of Morgan Stanley, it serves a wide range of clients, from individual investors and small-to-mid-sized businesses to large corporations, non-profit organizations, and family foundations. With a strong history and a proven track record, Morgan Stanley Wealth Management has become a leading choice for those seeking expert financial advice and guidance.

Early Beginnings: Smith Barney & Co.

Morgan Stanley Wealth Management has its roots in the 1938 merger of Charles D. Barney & Co. and Edward B. Smith & Co., which formed Smith Barney & Co. Charles D. Barney & Co., founded by Charles D. Barney in 1873, was a New York and Philadelphia-based firm that emerged from the failure of its predecessor, Jay Cooke & Company. Edward B. Smith & Co., founded in 1892, became a significant player in securities underwriting in 1934 after absorbing the professionals from the securities business of Guaranty Trust Company, following the passage of the Glass-Steagall Act.

Morgan Stanley Wealth Management offers a comprehensive suite of financial services to cater to the diverse needs of its clients. Some of these services include:

Investment Management

Morgan Stanley Wealth Management provides many investment options, including stocks, bonds, mutual funds, exchange-traded funds (ETFs), and more. Their financial advisors help clients develop tailored investment strategies to meet their specific financial goals and risk tolerance levels.

Financial Planning

Financial planning services offered by Morgan Stanley Wealth Management include retirement, education, and estate planning. Their financial advisors work with clients to understand their financial objectives and develop a comprehensive financial plan to help them achieve those goals.

What is a Financial Advisor?

A financial advisor is a specialist who offers professional financial advice to people looking to accomplish particular financial goals. You work with a financial advisor to develop a thorough financial plan that is specific to your situation, much like you would hire an architect to construct the blueprint for your home. Understanding your existing financial condition, including your income, costs, savings, and spending patterns, is a requirement for this collaboration.

Banking and Lending

Morgan Stanley Wealth Management offers banking and lending solutions, such as cash management accounts, mortgages, home equity loans, and lines of credit to help clients manage their day-to-day financial needs and achieve their long-term financial goals.

Insurance and Annuities

To help clients protect their financial future, Morgan Stanley Wealth Management offers insurance and annuity products, including life insurance, long-term care insurance, and annuities, designed to provide financial stability and peace of mind.

Philanthropy and Social Impact Investing

Morgan Stanley Wealth Management offers philanthropic advisory services and social impact investing options for clients who want to align their investments with their values and positively impact society.

12/12/2023 Update
As of now, Francis X. Malone 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.

Francis X. Malone Disclosures: BrokerCheck, FINRA, And SEC

BrokerCheck report of Francis X. Malone includes information such as employment history, professional qualification, disciplinary actions, criminal convictions, civil judgment, and arbitration awards as well as disclosures events.

There is no disclosure against Francis X. Malone.

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.

BrokerCheck

Source: FRANCIS XAVIER MALONE III – Broker at MORGAN STANLEY (finra.org)

SEC Litigations & Forms

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Source: ‘Francis X. Malone’ – SEC Site Search Search Results

Francis X. Malone Lawsuits

Most court cases filed in the United States of America are archived on CourtListener, UniCourt, Law.com, Justia, Trellis.law, and Law360. If Francis X. Malone 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 Francis X. Malone that are not listed on these directories. Lawsuit files are often deleted from online directories. So if you cannot find any lawsuits against Francis X. Malone on these websites, then you can contact the local authorities and check if they have a physical copy of any lawsuits.

Francis X. Malone Complaints and Legal Battles

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

You can contact the law firms mentioned above if facing issues with Francis X. Malone or any financial advisor.

Better Alternatives To Francis X. Malone:

These recommendations are based on the ratings of SmartAsset.com, the biggest financial advisor review platform on the internet.
Screenshot 7

Manages Assets Worth

  • $6,427,792,177

Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Family office and consulting services
Screenshot 8

Manages Assets Worth

  • $4,465,757,285

Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
Screenshot 9

Manages Assets Worth

  • $302,000,000

Services

  • Financial planning
  • Portfolio management

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