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Michael Ricca: Hidden Fees, Disclosures, Lawsuits


Who is Michael Ricca (CRD#: 2156525)?Everything you need to know about Michael Ricca and their accolades

In 1991, Michael Ricca started working in the financial services sector, and in 1997, he established The Ricca Group. He has extensive experience in wealth management and financial planning for businesses, multigenerational families, and individuals.

His technical expertise spans a wide range of financial planning and management requirements, including investment management, retirement analysis, life insurance, tax minimization techniques, charitable giving, and estate plan coordination. Michael is dedicated to offering clients unmatched financial advice and customer service.

He works as a strategist for The Ricca Group and oversees more than $5 billion in assets. He is renowned for his openness, breadth of expertise, and ability to work with CPAs, attorneys, insurance experts, and estate planning professionals.

For the previous 17 years (2006-2023), Mike has been honored at the highest level of the company as a Chairman’s Club member. The Ricca Group was listed in Barron’s “America’s Top 100 Wealth Management Teams” for 2021, 2022, and 2023. Mike was listed in Barron’s “America’s Top 100 Financial Advisors” for 2022.

Additionally, from 2009 to 2013, Mike was named to Barron’s “Top 1,000 Advisors” list. From 2014 to 2023, he was named to each state’s “Top 1,200 Financial Advisors” list. The Ricca Group has additionally been recognized by Forbes as a “Best-In-State Wealth Management Team” in 2023 and one of “America’s Top Wealth Management Teams Private Wealth” in 2022.

Michael Ricca has been recognized by Forbes as a “Top 250 Wealth Advisor” for the years 2019 through 2023 and a “Best-In-State Wealth Advisor” for each year between 2018 and 2022. From 2013 to 2020, Mike was consistently included on The Financial Times’ list of the “Top 400 Financial Advisers”. Mike graduated with a B.A. in English and Economics from Rutgers University and an M.B.A. in Finance from Seton Hall University. He earned his CERTIFIED FINANCIAL PLANNERTM designation in 2001.

Michael Ricca and his wife Susanne spent time in both Mendham and Mantoloking, New Jersey, where they raised their family. He is dedicated to his neighborhood and loves to read, run, and prepare meals for his loved ones.


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.

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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.


Michael Ricca Disclosures: BrokerCheck, FINRA, And SEC ReportsEvery complaint, disclosure, litigation against Michael Ricca

The brokerCheck report of Michael Ricca includes information such as employment history, professional qualification, disciplinary actions, criminal convictions, civil judgment, and arbitration awards as well as disclosures events.

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This adviser has a disclosure document filed that includes a customer dispute.

This type of disclosure event involves:

(1) a consumer-initiated, investment-related arbitration or civil suit containing allegations of sales practice violations against the individual broker that was dismissed, withdrawn, or denied; or

(2) a consumer-initiated, Investment-related written complaint containing allegations that the broker engaged in sales practice violations resulting in compensatory damages of at least $5,000, forgery, theft, or misappropriation, or conversion of funds or securities, which was closed without action, withdrawn, or denied.

Prior to the presidential election in 2020, the client allegedly failed to follow instructions to diversify his portfolio. 

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

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SEC Litigations & Forms

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Source: Michael Ricca – SEC Site Search Search Results


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

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


Michael Ricca Complaints, Class Action Lawsuits & Legal BattlesRead all class action lawsuits and SEC complaints against Michael Ricca (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 Michael Ricca using the websites down below:


Better Alternatives To Michael Ricca (By Experts):Find the top 3 alternatives to Michael Ricca

These recommendations are based on the ratings of, the biggest financial advisor review platform on the internet.
You can check out the top 10 financial advisors in the U.S. to learn more.
Screenshot 2023 05 23 at 11.26.30 PM

Manages Assets Worth

  • $714,587,898,072


  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Publication of periodicals

Manages Assets Worth

  • $173,418,270,044


  • Financial planning
  • Portfolio management
  • Portfolio assessment
Screenshot 2023 05 23 at 11.45.48 PM

Manages Assets Worth

  • $46,803,858,104


  • Portfolio management

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