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Read MoreFelipe Colón: $500K Complaint Against Belpointe, Ex-LPL Advisor
Sarasota, Florida financial advisor Felipe Colón (CRD# 5462167) allegedly recommended unsuitable investments, according to a recent investor complaint. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former LPL Financial broker is currently an investment advisor with Belpointe Asset Management and a partner at Sanderling Partners.
Mr. Colón’s BrokerCheck report discloses two investor complaints. The most recent, filed in July 2024, alleges that as a representative of Wells Fargo, LPL Financial, and Belpointe Asset Management, he recommended unsuitable investments beginning in 2015. The pending complaint alleges damages of at least $500,000.
An earlier investor complaint, filed in 2009, alleged that as a representative of Wachovia Securities, he breached contract, misrepresented and omitted material facts, and failed to follow instructions. In 2010 the complaint reached a settlement of $11,000.
Sanderling Partners’ website includes a profile of Mr. Colón that describes his background and experience. “Prior to launching Sanderling Partners, Mr. Colón worked at Wells Fargo Advisors for over 12 years as a Financial Advisor, and Portfolio Manager,” it states. “Mr. Colón also previously worked as a political organizer in Washington, D.C. and in several states on the eastern seaboard.”
According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Felipe Colón holds 16 years of securities industry experience. Based in Sarasota, Florida, he has been registered as an investment advisor with Belpointe Asset Management since 2020. His past registrations include IHT Wealth Management, LPL Financial, and Wells Fargo. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Florida. (Information current as of August 10, 2024.)
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