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Ira Millman: Is He Charged by SEC? !

December 19, 2023
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Ira Millman
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Who is Ira Millman (CRD#: 1008041)?Everything you need to know about Ira Millman and their accolades

Ira Millman founded The Millman, McGee & Ennis Group at Morgan Stanley, a nine-person wealth management group that, as of March 2021, provides advice to ultra-rich individuals and families on assets totaling more than $2 billion. His primary responsibilities include managing the team’s asset allocation algorithms, portfolio development, and manager assessment of both conventional and unconventional investment managers.

For his more than 35-year career, Ira has developed a team that strives for greatness by instilling a sense of trust in his customers, allowing them to spend fewer hours worrying about their daily money while still spending time doing the things that are most important to them and their families.

Ira received a highly regarded degree from Queens College. In addition to being recognized as a Certified Financial PlannerTM (CFP®) by the University of Chicago Booth Business School and a Certified Private Wealth Advisor (CPWA®) by the Wharton School of Business, he received these designations in 1993.

Ira continues to be very involved in his neighborhood. He belongs to the Financial Planning Association, the Morgan Stanley Portfolio Management Institute, the Investment Management Consulting Association, and the Certified Board of Standards and Practices for Certified Financial Planners.

In addition, he is a member of the National Investment Committee of the National Multiple Sclerosis (MS) Society, a National Ambassador for the Weizmann Institute of Science, and a member of the board of Dorot, an organization that provides services to the city of New York’s elderly and homebound.

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

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 a wide range of 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 planning, education planning, estate planning, and more. Their financial advisors work with clients to understand their financial objectives and develop a comprehensive financial plan to help them achieve those goals.

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 make a positive impact on society.

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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Ira Millman Disclosures: BrokerCheck, FINRA, And SEC ReportsEvery complaint, disclosure, litigation against Ira Millman

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.
19/12/2023 Update
As of now, Ira Millman 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.

FINRA’s BrokerCheck

individual_1008041.pdf (finra.org)

Ira-MillmanDownload

SEC Litigations & Forms

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Source: Ira Millman – SEC Site Search Search Results

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Ira Millman Lawsuits, Legal Battles, & DisputesActive database of all lawsuit documents (subject to availability) against Ira Millman

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

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Ira Millman Complaints, Class Action Lawsuits & Legal BattlesRead all class action lawsuits and SEC complaints against Ira Millman

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

You can contact the law firms mentioned above if facing issues with Ira Millman or any financial advisor.

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Better Alternatives To Ira Millman (By Experts):Find the top 3 alternatives to Ira Millman

These recommendations are based on the ratings of SmartAsset.com, the biggest financial advisor review platform on the internet.
Assets Managed
Pros
Cons
image 999
Summit Rock Advisors
#1 Rated Investment Advisor
Get in touch
Assets Managed
$19.9 Billion
Pros
0 Disciplinary Actions
1:2 advisor/client ratio
Cons
3 Conflict Laerts
Top Recommendation
image 1001
Fort Washington Investment Advisors
Best Customer Service In The Market
Get in touch
Assets Managed
$52.42 Billion
Pros
Good advisor/client ratio
Reputed
Cons
None
1625686851535
Fisher
Investments
Highest Rated On Independent Platforms
Get in touch
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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