Who is Matthew Engen(CRD#: 2205477)?Everything you need to know about Matthew Engen and their accolades
As a member of the Certified Financial Planner Board of Standards, Inc., Matt has the titles of Wealth Management Advisor and CERTIFIED FINANCIAL PLANNERTM, CFP® certificate.
Matt was recognized as one of Barron’s “Top 1,200 Financial Advisors” in 2021 and 2022 (the publication is released annually in February-March). Rankings are based on information as of September 30th of the previous year, and Forbes has also acknowledged them on their lists of the “Best-in-State Wealth Advisors” for 2022 and 2023 (which are released annually from January through April). Rankings based on information from the previous year’s June 30.
With 23 years of experience in the financial sector, Matthew Engen is a financial advisor based in Fargo, North Dakota. At Merrill Lynch, Pierce, Fenner & Smith Inc., Engen is a member of the advisory team. Engen has worked for companies including Merrill Lynch, Merrill Lynch, Pierce, Fenner & Smith Inc., and Bank Of America, N.A. Engen has received permission to work with investors in North Dakota and Texas and holds Series 63 and Series 66 licenses, both of which qualify them as securities representatives.
Portfolio management for individuals and/or small enterprises, portfolio management for pooled investment vehicles, and portfolio management for businesses or institutional clients are just a few of the services that Matthew Engen provides. consultancy services for pensions, choosing additional advisors, and Other
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.
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.
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 price varies depending on the size of the account and the services provided. 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.
Common Misconceptions about Merrill Lynch Wealth Management
There are several common misconceptions about Merrill Lynch Wealth Management. Here are a few of the most common misconceptions:
It’s too expensive:
While Merrill Lynch Wealth Management charges a fee for its services, the firm’s fees are competitive with other wealth management firms. Additionally, the firm’s extensive resources and expertise can help clients achieve long-term investment success.
It’s only for wealthy clients:
While Merrill Lynch Wealth Management does serve high-net-worth clients, the firm also offers services to individuals with more modest investment portfolios.
It’s only for investment management:
While investment management is a key part of Merrill Lynch Wealth Management’s services, the firm also offers a range of financial planning services to help clients achieve their financial goals.
Matthew Engen Disclosures: BrokerCheck, FINRA, And SEC ReportsEvery complaint, disclosure, litigation against Matthew Engen
The brokerCheck report of Matthew Engen includes information such as employment history, professional qualification, disciplinary actions, criminal convictions, civil judgment, and arbitration awards as well as disclosure events.
The broker has been reported with one customer dispute.
This type of disclosure event involves a consumer-initiated, investment-related complaint, arbitration proceeding, or civil suit containing allegations of state practice violations against the broker that resulted in a monetary settlement to the customer.
As per the customer’s allegation, the broker did not follow the instructions properly.
FINRA’s BrokerCheck
individual_2758113.pdf (finra.org)
SEC Litigations & Forms
Source: Matthew Engen – SEC Site Search Search Results
Matthew Engen Lawsuits, Legal Battles, & DisputesActive database of all lawsuit documents (subject to availability) against Matthew Engen
Most court cases filed in the United States of America are archived on CourtListener, UniCourt, Law.com, Justia, Trellis, law, and Law360. If Matthew Engen 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 Matthew Engen which are not listed on these directories. Lawsuit files are often deleted from online directories. So if you cannot find any lawsuits against Matthew Engen 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
Matthew Engen Complaints, Class Action Lawsuits & Legal BattlesRead all class action lawsuits and SEC complaints against Matthew Engen (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 Matthew Engen 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 Matthew Engen or any financial advisor.
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