Who is Kathleen Malone (CRD#: 1539172)?Everything you need to know about Kathleen Malone and their accolades
At Wells Fargo Advisors, Kathleen Malone serves as Senior Financial Advisor and Managing Director of Investments.
Kathleen has more than 30 years of experience working with high-net-worth individuals to handle their financial worries and create plans that are tailored to each client’s unique requirements. For each of her clients, she creates a unique portfolio using a thorough investment plan that takes into account analysis of financial objectives, cash flow demands, and legacy planning requirements.
She makes use of a wide range of financial products, including managed accounts, mutual funds, exchange-traded funds, individual equities, alternative investments, and fixed-income securities.
Throughout her career, Kathleen won various accolades and awards from the business, most recently including:
- Barron’s Financial Advisors Hall of Fame, induction 20181, Barron’s 2021 Top 100 Women Financial Advisors2, & Barron’s 2021 Top 1200 U.S. Financial Advisor Rankings by State3
- Forbes 2021 Top 100 Women Financial Advisors4 & Forbes Best-In-State Wealth Advisors 20215
Since 2020, Kathleen has frequently acted as a media spokesperson and has been interviewed or quoted by the following news organizations: CNBC Power Lunch, USA Today, New York Times, Reuters, Barron’s, Business Insider, MSN.com, WBTV (Charlotte), WCNC-TV (Charlotte), BenefitsPRO, Moneywise, and Moms.com.
She graduated from St. Mary’s of Notre Dame with a degree in political science, and she likes to read, play golf, and go skiing while she’s with her family. Emily Malone, a member of her team, is raised by Kathleen, who is a proud mother.
In this article, we will go deep into Kathleen Malone’s past, discovering hidden disclosures and analyzing the consequences of the lawsuits.
About Wells Fargo AdvisorsHistory, achievements, leadership, lawsuits, & disputes
Wells Fargo is a broker-dealer as well as an investment advising organization. Individuals, pension or profit-sharing plans, trusts, estates, charity organizations, corporations, governmental entities, educational institutions, and banks or thrift institutions are among its clientele.
According to Barron’s 2017 rating, Wells Fargo is the fifth-largest wealth management company, while being best recognized for its banking services.
Wells Fargo Advisors History
Wells Fargo has been in business for more than 160 years, founded in 1852 by William G. Fargo. The company began operations in San Francisco, offering banking and quick delivery services. Its express business led it to become involved in the stagecoach business, and it eventually grew to own and run the world’s largest stagecoach operation, resulting in the Wells Fargo logo we see today.
Wells Fargo Advisors and Wells Fargo Advisors Financial Network, LLC, both of which are networks of independent contractor representatives, offer broker-dealer and investment advice services.
Services Offered by Wells Fargo Advisors
Wells Fargo offers investment advising services through both Wells Fargo Advisors and Wells Fargo Advisors Financial Network, which operates through a network of independent contractor representatives. Prospective consumers can receive a free introductory consultation. The company provides the following products and services:
- Advisory services
- Asset management
- Brokerage services
- Estate planning strategies
- Retirement planning
- Portfolio analysis and monitoring
Wells Fargo also offers comprehensive financial planning as one of its investment advisory services, though this service is not integrated with existing accounts and only includes the creation of a plan.
Investment Planning Process of Wells Fargo Advisors
The investment planning process at Wells Fargo focuses on the client’s long-term objectives. The Envision procedure is an eight-step procedure that the firm takes clients through. This entails determining your primary life goals and then developing an investment strategy and asset allocation to support those goals.
According to Wells Fargo, clients’ Envision plans would consider not only their life goals, but also their education ambitions, assets and obligations, cash flow requirements, retirement planning needs, levels of acceptable investment risk, and asset allocation objectives.
First, clients will work with their advisor to outline their primary life goals and choose their ideal as well as acceptable goals. The advisor will then assist the client in prioritizing their goals, which will be stress-tested using statistical modeling. Following the completion of these stages, the adviser makes a recommendation to the client, and the proposed asset allocation is adopted. Once everything is in place, the adviser will continue to track progress and collaborate with the client to adjust the plan as new goals and priorities emerge.
Fees Under Wells Fargo Advisors
Wells Fargo Advisors typically charges clients a percentage of assets maintained in an account. This charge includes investment advice as well as trading expenses. Clients of certain investment advising programs, on the other hand, are paid an asset-based fee as well as commissions on each trade executed. In this arrangement, the asset-based fee is frequently paid to a third-party manager who has been chosen to handle the client’s account. Wells Fargo receives commissions for any services provided.
Wells Fargo’s financial planning services are the only ones that do not follow one of these two cost models. Financial planning clients pay a one-time cost that covers only the financial plan.
All of the investment programs offered through Wells Fargo Advisors Financial Network, a network of independent contractors, are wrap fee programs. Fee rates vary by advisory program, with total fees ranging from 1.50% to 2.50%
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.
Kathleen Malone Disclosures: BrokerCheck, FINRA, And SEC ReportsEvery complaint, disclosure, litigation against Kathleen Malone
The brokerCheck report of Kathleen Malone includes information such as employment history, professional qualification, disciplinary actions, criminal convictions, civil judgment, and arbitration awards as well as disclosure events.
In this instance, the broker has been informed of a customer dispute along with the notification.
This type of disclosure event involves a consumer-initiated, investment-related complaint, arbitration proceeding, or civil suit containing allegations of sale practice violations against the broker that resulted in a monetary settlement to the customer.
In this specific case, the attorney for the resident of North Carolina wrote that the client demanded a liquid asset with no risk to capital and that the financial advisor assured them that they would have access to their funds with seven days’ notice. From 2/16/07 to 7/12/07, the client bought $875,000 in different Blackrock ARPS. No losses specified, but assessed to success $5000 or more.
FINRA’s BrokerCheck
individual_1539172.pdf (finra.org)
SEC Litigations & Forms
Source: Kathleen Malone – SEC Site Search Search Results
Kathleen Malone Lawsuits, Legal Battles, & DisputesActive database of all lawsuit documents (subject to availability) against Kathleen Malone
Most court cases filed in the United States of America are archived on CourtListener, UniCourt, Law.com, Justia, Trellis.law, and Law360. If Kathleen 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 Kathleen Malone that are not listed on these directories. Lawsuit files are often deleted from online directories. So if you cannot find any lawsuits against Kathleen Malone on these websites, you can contact the local authorities and check if they have a physical copy of any cases.
CourtListener
UniCourt
Law.com
Law360.com
Trellis.law
Justia
Kathleen Malone Complaints, Class Action Lawsuits & Legal BattlesRead all class action lawsuits and SEC complaints against Kathleen Malone (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 Kathleen Malone using the websites down below:
Sonn Law Group
SEC.gov
White Law Group
MDF Law
Israels & Neuman, PLC
Klayman Toskes
You can contact the law firms mentioned above if facing issues with Kathleen Malone or any financial advisor.
Better Alternatives To Kathleen Malone (By Experts):Find the top 3 alternatives to Kathleen Malone
Manages Assets Worth
- $714,587,898,072
Services
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- Selection of other advisors
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Manages Assets Worth
- $173,418,270,044
Services
- Financial planning
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Manages Assets Worth
- $46,803,858,104
Services
- Portfolio management
