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Thomas Reule: All You Need to Know the Fact About Hidden Fees, Disclosures, Lawsuits. Exposed (Latest Update 2023)


Who is Thomas Reule (CRD#: 2021519)?Everything you need to know about Thomas Reule and their accolades

Thomas Reule has over 29 years of experience in the financial sector and works as an Investment Advisor Representative at Edward Jones in Devils Lake, North Dakota.

He was fortunate to earn an internship with Edward Jones while he was in college and to have spent more than 25 years working as a financial counselor for the company. To assist individual investors in achieving their long-term financial objectives, he and his team collaborate with them.

In Duluth, Minnesota, Thomas began his career as an Edward Jones financial advisor. He took up management of a branch office in Devils Lake, North Dakota, three years later. He and his wife Laurie have three kids together: Ryyan, Reegan, and Abbey. They live in Devils Lake.

He enjoys meeting with both current and potential clients, getting to know their backgrounds and financial needs, and using a tried-and-true method to assist individuals in creating unique strategies to reach their objectives. Being named one of the Top 1,200 Financial Advisors by Barron’s for 2021 has been an honor. To help his clients work toward their financial objectives, he is pleased to continue treating them with the respect and care they merit.

Barron’s Top 1200 Financial Advisors in 2021, awarded February or March each year, data as of September of the prior year. 


About Edward JonesHistory, achievements, leadership, lawsuits, & disputes

A 100-year-old company, Edward Jones was created for the present. In contrast to institutions, they focus on assisting private investors. Additionally, because they are a privately held business, they may put more emphasis on building relationships than maximizing shareholder returns.

Broker-dealer and investment advisor registrations for Edward Jones are dual. An asset-based fee is charged for investment advisory services provided by Edward Jones Advice Solutions®, a wrap fee program.

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History of Edward Jones

To treat employees equally and clients properly, Edward D. Jones Sr. founded Edward D. Jones & Co. in 1922. He made it clear that his company would treat partners as well as employees as partners. A desk, three seats, and a hat rack are all that is present in the company’s office, which is located in downtown St. Louis.

After working at an Edward Jones correspondent firm in New York, Ted Jones, Edward Jones Sr.’s son, returns to St. Louis. He joined the company as its 18th broker, initially working out of Montgomery City, Missouri, and eventually the Clayton suburb of St. Louis. He established his business there over a hardware store and started by traveling 150 miles every day to several nearby areas to sell stocks out of the trunk of his car.

Services offered by Edward Jones

It provides services on wealth strategies that include Edward Jones Advisory Solutions, Edward Jones Guided Solutions, and Client Consultant Group. The financial needs, such as those relating to insurance, retirement planning, and education funds, can be met by Edward Jones through a consultative, tailored approach.

Investment Planning Process of Edward Jones

Edward Jones is registered and provides services as both a broker-dealer and an investment adviser. Provided below is a summary of our brokerage and investment advisory services, as well as the differences in legal and regulatory responsibilities that apply to these services.

The investment plans of Edward Jones include Stock Selection, Bonds, CDs & other fixed-income investments, Mutual Funds,

Exchange-traded Funds, Unit Investment Trusts, Donor Advised Funds, etc.

It also provides Insurance & annuities like Permanent life insurance, Term Life Insurance, Long-term Disability insurance, Long-term care Insurance, etc. In addition to all of these services, they provide a lot more.

Fees Under Edward Jones

 Broker-dealer and investment adviser registered on two different registers is Edward Jones. Investment advisory services are offered through the wrap fee program known as Edward Jones Advice Solutions® for an asset-based fee.

 A client may choose Fund Models, which invest in connected mutual funds (if available), unaffiliated mutual funds, and exchange-traded funds (ETFs), or UMA Models, which additionally incorporate separately managed allocations (SMAs), depending on the minimal commitment they are willing to make. 

Theo Jones A client-directed advisory program called Guided Solutions® was created to offer clients ongoing investment advice, direction, and services in exchange for an asset-based fee. Depending on their minimum investment, clients can choose between a Guided Solutions Flex Account and a Guided Solutions Fund Account, which both allow for the purchase of eligible stocks, bonds, and certificates of deposit (CDs), as well as eligible mutual funds and exchange-traded funds (ETFs). 

Accounts in the Guided Solutions Fund Account do not have a minimum balance requirement and can be opened with an initial investment of less than $5,000. These accounts are restricted in the number and types of investments that may be bought or retained until they exceed $5,000. 

The Select Account program might not accept certain brokerage accounts. Flex Fund accounts, ERISA retirement plans, some non-ERISA retirement plans, and pooled employer retirement plans are among the accounts that fall under this category. For more details, please get in touch with your financial advisor. A $10,000 minimum purchase amount might be needed to buy annuities in a Select Account.

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.

20/12/2023 Update
As of now, Thomas Reule has not responded, nor has he apologized for his misdeeds. He has ignored our efforts to highlight the problems faced by his victims. Furthermore, he has only focused on propagating his fake PR.

Thomas Reule Disclosures: BrokerCheck, FINRA, And SEC ReportsEvery complaint, disclosure, litigation against Thomas Reule

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

In this case, the broker has been reported along with the notification regarding 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.

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In this case, the client stated that on January 6 or 7, 2000, they had followed IR’s recommendation to buy 100 shares of Worldcom for 47.75. The customer claimed she wanted to sell a portion of the stock but that IR rejected her request. Client further asserts that IR persuaded her to purchase an additional 100 shares for 19 55/64 on November 1, 2000.

The customer claimed that IR informed her that buying and holding stocks was not his preferred course of action. On February 7, 2002, the customer received a letter from the company stating that the WorldCom stock was now trading at $9.85 and recommending that she continue to hold.

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 conflicts in the past.

FINRA’s BrokerCheck

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SEC Litigations & Forms

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Source: Thomas Reule – SEC Site Search Search Results


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

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


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

You can contact the law firms mentioned above if facing issues with Thomas Reule or any financial advisor.


Better Alternatives To Thomas Reule (By Experts):Find the top 3 alternatives to Thomas Reule

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.
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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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