Sequoia Wealth’s Andrea Steiner: $50K Bond Complaint

Incline Village, Nevada financial advisor Andrea Steiner (CRD# 5620516) allegedly recommended unsuitable investments, according to a recent investor complaint. Records maintained by the Financial Industry Regulatory Authority indicate that she is a broker with Vanderbilt Securities, doing business as Sequoia Wealth and Risk Management, and an investment advisor with Consolidated Portfolio Review Corporation.

Ms. Steiner’s BrokerCheck report discloses one investor complaint. Filed in December 2022, it alleges that as a representative of Western International Securities, she recommended unsuitable corporate bond investments. The pending complaint alleges damages of $50,000.

As Ms. Steiner’s BrokerCheck report describes, she is a representative of Sequoia Wealth and Risk Management, whose website states that it offers securities through Vanderbilt Securities. As her biography page on the website notes, she is the firm’s Founder and Managing Director, and has operated her independent practice for more than a decade. “Her practice serves high-net worth clients, small and mid-sized businesses, in the areas of investment and retirement planning, tax minimization strategy, business continuity, estate/legacy planning and much,” the page states. “She delights in helping multiple generations of client families, as well as small and mid-size businesses plan for their very individual needs.”

According to the Financial Industry Regulatory Authority, Andrea Steiner holds 13 years of securities industry experience. Based in Incline Village, Nevada, she has been a broker with Vanderbilt Securities and an investment advisor with Consolidated Portfolio Review Corporation since 2022. She does business as Sequoia Wealth and Risk Management. Her registration history includes Western International Securities (Incline Village, Nevada; 2017-2022), Financial West Group (Walnut Creek, California; 2010-2017), and AXA Advisors (Walnut Creek, California; 2009-2010). Her 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. She is licensed in Arizona, California, Florida, Nevada, and New York. (Information current as of January 14, 2023.)

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