Scott Miller: $1.5mm Complaint Against Camelot Wealth Advisor

Boca Raton financial advisor Scott Miller (CRD# 1927089) allegedly provided investment advice that resulted in seven-figure damages, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Ameriprise Financial Services, whose website describes him as co-founder of the practice Camelot Wealth Management Partners.

Mr. Miller’s BrokerCheck report discloses two investor complaints. The most recent, filed in June 2023, alleges that as a representative of Ameriprise Financial Services, he recommended an unsuitable variable annuity product. The pending complaint alleges damages of $1,502,685.

A previous investor complaint, filed in 2010, similarly alleged that as an Ameriprise Financial Services representative, he sold an unsuitable annuity product in 2008. The complaint alleged damages of $6,535.60 and was denied by the firm.

According to the Financial Industry Regulatory Authority, Scott Miller holds 34 years of securities industry experience. Based in Boca Raton, Florida, he has been a broker and an investment advisor with Ameriprise Financial Services, where he is co-founder of the practice Camelot Wealth Management Partners. His registration history includes Jefferson Pilot Securities Corporation (Boca Raton, Florida; 2008), ING Financial Partners (Boca Raton, Florida; 2005-2008), American Express Financial Advisors (Minneapolis, Minnesota; 1989-2005), and IDS Life Insurance Company (Minneapolis, Minnesota; 1989-2005). His credentials include the passage of six securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Municipal Fund Securities Principal Examination, or Series 51; 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 the Series 65. He holds 39 state licenses. (Information current as of June 24, 2023.)

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