Michael Zidanic: Northland Advisor Fired by Ameriprise

Milwaukee, Wisconsin financial advisor Michael Zidanic (CRD# 2508373) was recently fired by Ameriprise Financial Services in connection with alleged rule violations. Financial Industry Regulatory Authority records show that he is now registered as a broker with Northland Securities and an investment advisor with Northland Asset Management.

Mr. Zidanic’s BrokerCheck report discloses his termination from Ameriprise Financial Services. Filed in June 2024, it states that the firm discharged him in connection with allegations that he failed to follow a direction from his supervisors relating to client recommendations. “My supervisors and I met to discuss a trading strategy that we thought was in the best interest of my clients,” he states in a comment included with the disclosure. “We agreed that moving to advisory would serve their needs best. I set out to execute this strategy however due to personal circumstances the transition was not as fast as management wanted.”

Northland Securities’ website includes a page describing the firm’s history and mission. “Our commitment is to deliver innovative financial services with integrity, insight, technical competence, and dedication to achieving the goals of our clients,” it explains. “Our professionals are committed to the highest levels of integrity and accountability, to do what is in the best interest of their clients, industry regulators, investors, and colleagues.”

According to the Financial Industry Regulatory Authority, Michael Zidanic holds 29 years of securities industry experience. Based in Milwaukee, Wisconsin, he has been registered as a broker with Northland Securities and an investment advisor with Northland Asset Management since July 2024. His past registrations include Ameriprise Financial Services (Brookfield, Wisconsin; 2009-2024) and Ameriprise Advisor Services (Milwaukee, Wisconsin; 1994-2009). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Wisconsin. (Information current as of July 14, 2024.)

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