Who is Neil McPeak (CRD#: 1024286)?Everything you need to know about Neil McPeak and their accolades
At Wells Fargo Advisors, Neil McPeak is an accomplished financial advisor. Neil McPeak, who graduated from Drexel University with a bachelor’s degree in accounting, uses his more than 40 years of experience in the financial services sector to assist both private individuals and corporate entities in creating wealth management, preservation, and transfer strategies.
As managing director of investments at Wells Fargo Advisors in Linwood, New Jersey, he oversees a group of ten employees who implement unique investment strategies and provide portfolio management services. The assets of his clients are currently managed by him and his staff to the tune of $900 million. In 2002, Neil McPeak started working at Wells Fargo Advisors.
Before joining Wells Fargo Advisors, Mr. McPeak served as senior vice president of investments at Prudential Financial for twenty years. He was a representative on the Prudential Corporate Advisor Council as well. He has been listed every year since 2011 in Barron’s distinguished listing of America’s Top 1,200 Financial Advisors as a result of his exceptional accomplishments. He received recognition as one of Forbes’ Best-In-State Wealth Advisors in 2018.
In this article, we will go deep into Neil McPeak’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 creating 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 fairly and orderly, and facilitate capital formation.
Neil McPeak Disclosures: BrokerCheck, FINRA, And SEC ReportsEvery complaint, disclosure, litigation against Neil McPeak
The brokerCheck report of Neil McPeak includes information such as employment history, professional qualification, disciplinary actions, criminal convictions, civil judgment, and arbitration awards as well as disclosure events.
No disclosure has been mentioned about Neil McPeak.
FINRA’s BrokerCheck
individual_1024286.pdf (finra.org)
SEC Litigations & Forms
Source: Neil McPeak – SEC Site Search Search Results
Neil McPeak Lawsuits, Legal Battles, & DisputesActive database of all lawsuit documents (subject to availability) against Neil McPeak
Most court cases filed in the United States of America are archived on CourtListener, UniCourt, Law.com, Justia, Trellis.law, and Law360. If Neil McPeak 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 Neil McPeak which are not listed on these directories. Lawsuit files are often deleted from online directories. So if you cannot find any lawsuits against Neil McPeak 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
Neil McPeak Complaints, Class Action Lawsuits & Legal BattlesRead all class action lawsuits and SEC complaints against Neil McPeak (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 Neil McPeak 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 Neil McPeak or any financial advisor.
Better Alternatives To Neil McPeak (By Experts):Find the top 3 alternatives to Neil McPeak
Manages Assets Worth
- $714,587,898,072
Services
- Financial planning
- Portfolio management
- Pension consulting
- Selection of other advisors
- Publication of periodicals
Manages Assets Worth
- $173,418,270,044
Services
- Financial planning
- Portfolio management
- Portfolio assessment
Manages Assets Worth
- $46,803,858,104
Services
- Portfolio management
