Paul Addo: $316K Complaint Against UBS, Ex-Merrill Advisor

A recent investor complaint against Denver, Colorado financial advisor Paul Addo (CRD# 5422664)  alleges that he misrepresented and recommended unsuitable investments. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with UBS Financial Services.

Mr. Addo’s BrokerCheck report discloses two investor complaints. The most recent, filed in March 2025, alleges that as a representative of Merrill Lynch, he recommended an unsuitable investment strategy, misrepresented and omitted material facts, and failed to act in the customer’s best interest. The pending complaint alleges damages of $316,819.07.

An earlier investor complaint, filed in 2023, alleged that as a Merrill Lynch representative, he failed to follow instructions regarding the purchase of certain securities. The complaint alleged unspecified damages and was closed.

UBS Financial Services’ website includes a profile of Mr. Addo that describes his background and services as a private wealth advisor. “Specializing in tailored investment strategies and comprehensive financial planning, Paul provides personalized solutions to achieve financial goals and secure legacies for future generations,” it explains. “As a trusted advisor, Paul prioritizes building long-term relationships based on transparency, integrity, and a deep understanding of clients’ unique needs.”

According to the Financial Industry Regulatory Authority, Paul Addo holds 16 years of securities industry experience. Based in Denver, Colorado, he has been registered as a broker and an investment advisor with UBS Financial Services since 2022. He was previously registered with Merrill Lynch in Denver from 2009 until 2022. His credentials include the passage of three securities industry qualifying exams: the Uniform Combined State Law Examination, or Series 66; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. He holds 20 state licenses. (Information current as of June 8, 2025.)

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