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Randall Linde Ameriprise: Who is Randall Scott Linde? CRD#: 1418608
Randall Linde uses his 35 years of business expertise in his role as CEO of AGP Wealth Advisers, a private wealth advising practice of Ameriprise Financial Services, LLC, to collaborate with the team of financial advisers and experts to provide customized financial plans. He completed his BA in Business and Finance from the University of Washington.
In the Renton, Washington, region of the United States, Randall Linde works as a financial counselor for Ameriprise. He is a CFP® CERTIFIED FINANCIAL PLANNER™. He has two disputes and allegations against him. Clients claimed that the adviser advised inappropriate investments and misrepresented their prospective return from 2005 to 2012. Complainant concerns regarding the suitability of her investments for the last seven years, alleging churning and discretionary trading. The client asked for compensation for excessive fees.
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.
Randall Linde Ameriprise: Allegations against Randall Linde
Randall Linde defrauded his clients by providing incorrect advice on investing and misrepresenting their expected return from 2005 to 2012. Another consumer complained about the suitability of her investments for the last seven years, claiming churning and discretionary trading. The client requested compensation for expensive fees. He has two customer disputes against him.
Randall Linde Ameriprise, You can check this at the FINRA website:
Randall Linde Ameriprise: Customer reviews
This is what clients have reviewed about Randall Linde on Google. The client claims that he agrees with the other reviewers. He claims that Randy was recommended to him by his neighbors, so he utilized him for a limited period. His account was immediately transferred to an unqualified partner, and several low-risk investments turned into a loss. After a year, he closed the account and changed to Vanguard. His assets have performed wonderfully since then, keeping up with the broader market. He was forced to invest in one REIT through Ameriprise, which has now fallen 50%. He strongly advises people to stay away from this company.
Another client reviewed that they were also forced into REITs and annuities, which generated significant profits for the company but either flattened or lost value. Over time, Mr. Linde and at least two other advisors had switched them out. Each seemed to have to learn everything about themselves and their assets both within and outside of Ameriprise.
Another client said that, As their advisor in 2010, Mr. Linde aggressively suggested a REIT, stating that while it was a safer investment that would pay a dividend and appreciate, it would likely be dissolved in a few years. They have no way out because they have lost more than 60% so far in the otherwise growing REIT market. Despite his lack of knowledge, all of his financial decisions for himself fared well.
Randall Linde Ameriprise: About Firms
IDS LIFE INSURANCE COMPANY
This firm is a corporation and was founded in Minnesota on July 8, 1957. The firm’s fiscal year ends in December.
FIRST INVESTORS CORPORATION
This firm has been in business in New York since July 2, 1968.
This company is a corporation with a fiscal year ending in December.
Randall Linde Ameriprise: What is FPA?
The Financial Planning Association (FPA) is the main association for CERTIFIED FINANCIAL PLANNER™ professionals, instructors, financial services providers, and students who want to advance in a developing, dynamic field. FPA’s main goal is to advance the profession of financial planning, which can change lives.
When working with clients, FPA upholds high standards for professional skill, ethical behavior, and open and honest disclosure. Today’s CERTIFIED FINANCIAL PLANNER™ professionals rely heavily on FPA because it offers opportunities for professional growth, business assistance, advocacy, and the community at the national and chapter levels.
The volunteer Board of Directors that oversees FPA, which has its main office in Denver, Colorado, is tasked with establishing the organization’s strategic direction. The staff at FPA is committed to carrying out that mission and producing an exceptional membership experience.
A Financial Planner: What Is He? How Do Financial Planners Work?
The purpose of the financial planning industry is to assist people in realizing their financial aspirations. Financial planners exhibit and promote a dedication to professional development and a customer-focused financial planning approach.
The Process of Financial Planning
Setting up a strategy to achieve one’s financial and personal goals is known as financial planning. The continuous process is assessing all of your available resources, creating a strategy to use them, and then methodically carrying out the strategy to accomplish your goals shortly.
To make sure the plan is still advancing you in the direction of your financial objectives, it must be checked and reviewed regularly. High criteria for education, experience, and ethics are expected of those aspiring to become CERTIFIED FINANCIAL PLANNER™ professionals.
CFP® Professionals: Certified Financial Planners
To use the CFP® marks, these people must adhere to the requirements established by the Certified Financial Planner Board of Standards, Inc.:
A person must pass the thorough certification exam offered by the CFP Board, which gauges their understanding of several important financial planning subjects.
Before being granted permission to use the CFP® marks, a person is required to accumulate three to five years of experience related to financial planning, depending on the amount of degree work they accomplished in a college context.
To set the highest values and criteria, CFP Board created the Code of Ethics. The ethical and professional standards that registrants are required to exhibit in their professional activities are summarized in these Principles. As a result, the Principles have an aspirational quality and operate as a source of direction for registrants and the ones who have certificates.
Every two years, a CFP® certified professional must complete 30 hours of continuing education in subjects related to the financial planning body of knowledge, including:
- Estate Planning
- Retirement Planning
- Investment Management
- Tax Planning
- Employee Benefits
The CFP Board
A professional organization called the Certified Financial Planner Board of Standards, Inc. manages the use of the CERTIFIED FINANCIAL PLANNER™ brand and mandates that anybody who has earned a certificate abide by the CFP Board’s Code of Ethics.
Randall Linde Ameriprise: Conclusion
At last, we will urge all investors to do proper research before investing their money or providing their sensitive information because it is not worth it to risk it at all. Disclosure Expungement is routinely used by financial advisers to remove complaints from FINRA’s public database.
Even law firms provide expungement services to financial advisers to conceal or remove customer conflicts and maintain a clean record. As a result, the lack of disclosure on BrokerCheck does not always imply that there have been no prior conflicts. Legal materials are routinely taken down from the internet. They erase customer reviews on the internet to make it simpler for them to deceive innocent individuals, and they also buy false reviews to make themselves appear legitimate. This does not imply that the broker is reliable.