Thomas Steele: $175K Complaint Against Morgan Stanley Advisor

Atlanta, Georgia financial advisor Thomas Steele (CRD# 6131730) recently received an investor complaint alleging that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Morgan Stanley.

Mr. Steele’s BrokerCheck report discloses one investor complaint. Filed in July 2024, it alleges that as a representative of Morgan Stanley, he “was involved in a loan between a client and his father” in 2018. The pending complaint alleges damages of $175,000.

Morgan Stanley’s website includes a profile of Mr. Steele that describes his approach to working with high net worth individuals, business owners, and businesses. “Thomas aims to simplify the complex world of wealth management by providing a customized portfolio and financial plan tailored to each client’s wants, needs and goals,” it explains. “As a Certified Exit Planning Advisor (CEPA), he helps identify, preserve, build, harvest and manage wealth to assist business owners and their families through an ownership transition.” His services include wealth management, financial planning, retirement planning, alternative investments, cash management, and life insurance, according to the profile.

According to the Financial Industry Regulatory Authority, Thomas Steele holds 11 years of securities industry experience. Based in Atlanta, Georgia, he has been registered as a broker and an investment advisor with Morgan Stanley since 2017. He was previously registered with Merrill Lynch in Alpharetta, Georgia from 2012 until 2017. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He holds 43 state licenses. (Information current as of August 25, 2024.)

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