Beverly Connelly: Merrill Advisor Landed Complaints

Saint Paul, Minnesota financial advisor Beverly Connelly (CRD# 4576624) has received multiple investor complaints. Financial Industry Regulatory Authority records show that she is registered as a broker and an investment advisor with Merrill Lynch, having previously been registered with Wells Fargo Advisors.

Ms. Connelly’s BrokerCheck report discloses two investor complaints. Filed in May and June 2025, both allege that she failed in her supervisory duties as a representative of Merrill Lynch. Both complaints were denied by the firm.

For reference, when an investor complaint is denied by the firm that received it, this does not necessarily mean it has no basis in fact. Investors can still pursue other actions, like FINRA arbitration claims.

Merrill Lynch’s website includes a page describing its approach to servicing investors. “You probably expect your advisor to provide guidance developing your financial plan and investment approach,” it explains. “But with Merrill, your advisor is so much more—listening to your needs and understanding what matters most to you and your family. You and your advisor will work together one on one to help create a strategy that’s uniquely yours.”

According to the Financial Industry Regulatory Authority, Beverly Connelly holds 21 years of securities industry experience. Based in Saint Paul, Minnesota, she has been registered as a broker and an investment advisor with Merrill Lynch since 2011. Her registration history includes Wells Fargo Advisors (Indianapolis, Indiana; 2003-2011) and Merrill Lynch (New York, New York; 2003). Her credentials include the passage of six securities industry qualifying exams: the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the National Commodity Futures Examination, or Series 3; and the Uniform Combined State Law Examination, or Series 66. She holds 58 state licenses. (Information current as of July 5, 2025.)

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