Who is Timothy Finucan (CRD#: 1586731)?
Timothy Finucan is a Webster City-based Edward Jones financial advisor. This April, he was named a top financial professional in the nation’s capital of Iowa by Barron’s and Forbes publications.
Finucan was ranked second in Iowa on Forbes’ directory of 2023 Best-in-State Financial Consultants, and third in Iowa on Barrons’ list of Top thousand financial advisers in March.
Finucan has been serving investors for the past thirty-six years, both locally and nationally. He believes that he can assist his clients in determining the best financial approach for them. Timothy also claims to adopt a time-consuming method of creating personalized investments for his clients.
About Edward Jones:
A 100-year-old organization, Edward Jones was generated for the present. In contrast to universities, they focus on assisting private investors. Additionally, because they are a privatively held business, they may put more emphasis on building relationships than maximizing.
History of Edward Jones
In order 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 are 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 joins the company as its 18th broker, initially working out of Montgomery City, Missouri, and eventually the Clayton suburb of St. Louis. He establishes his business there over a hardware store and starts out 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 in a fair and orderly manner, and facilitate capital formation.
Timothy Finucan Disclosures: BrokerCheck, FINRA, And SEC Reports
Two disclosures have been made against Timothy Finucan, according to the Broker Check report.
- The customer alleges that after receiving a stock collection, three stock investments were transferred to a regulated account scheme and liquidated without her knowledge. She stated that the equity trades throughout the month of July 2011 & September 2012 brought about a tax on capital gains and the loss of payments from the equities determined by the date she passed away cost basis. She is asking $ 45,444 in revenue lost, stock value, and taxes based on her calculations.
The customer has requested a $5,000.00 damage award. According to the broker’s remarks, after the firm’s inquiry into the clients’ complaints, it was discovered that the client allowed the trades in doubt, potential tax repercussions were explained, and the funds in the account were appropriately invested. The claim of the clients was denied.
- The trustee who is acting on this account claims that Fa purchased unlawful bonds in the financial records from the month of September 2006 to July 2007. The trustee said that $117,000.00 in bonds were purchased during this time period, and she wanted those bonds liquidated and any losses related to these purchases reimbursed. Customers have claimed $5,000.00 in damages, however, the agreed-upon amount is $8,445.39.
SEC Litigations & Forms
Timothy Finucan Lawsuits, Legal Battles, & Disputes
The great majority of court cases filed in the United States of America are saved by CourtListener, UniCourt, Law.com, Justia, Trellis Law, and Law360. Should Timothy Finucan is once involved in a problem, you can learn more about it by following the links that are provided below.
There might be more pending lawsuits against Timothy Finucan which are not listed on these directories. Lawsuit files are often deleted from online directories. So if you cannot find any lawsuits against Timothy Finucan on these websites, you can contact the local authorities and check if they have a physical copy of any cases.
Timothy Finucan Complaints, Class Action Lawsuits & Legal Battles
The following websites/directories are the best sources for finding complaints, litigations, and disputes against finance advisors. You can find all the complaints against Timothy Finucan using the websites down below:
Sonn Law Group
White Law Group
Israels & Neuman, PLC
You can contact the law firms mentioned above if facing issues with Timothy Finucan or any financial advisor.
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