David Milowe: RBC Advisor Faces Mismanagement Complaint

Wellesley Hills, Massachusetts financial advisor David Milowe (CRD# 1387139) recently received an investor complaint alleging mismanagement that resulted in losses. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with RBC Capital Markets.

Mr. Milowe’s BrokerCheck report discloses one investor complaint. Filed in March 2025, it alleges that as a representative of RBC Capital Markets, he mismanaged the customers’ accounts, which included corporate bond investments, between January 2021 and February 2022. The pending complaint alleges unspecified damages.

RBC Capital Markets’ website includes a page dedicated to Mr. Milowe’s practice at the firm, Milowe Wealth Management Group, that describes its approach to servicing its clients. “We provide our clients with a sense of financial security and confidence in the high-level, comprehensive wealth management strategies we employ,” it explains. “We begin by taking an individual and customized approach with every client, and put together a thorough plan of action to accomplish their goals for themselves, their families, and the organizations they care about most.”

According to the Financial Industry Regulatory Authority, David Milowe holds 32 years of securities industry experience. Based in Wellesley Hills, Massachusetts, he has been registered as a broker and an investment advisor with RBC Capital Markets since 2009. His past registrations include Wachovia Securities, AG Edwards & Sons, Prudential Securities, and Cigna Securities. His credentials include the passage of nine 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 Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Futures Managed Funds Examination, or Series 31; the Uniform Combined State Law Examination, or Series 66; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 36 state licenses. (Information current as of April 20, 2025.)

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