Tim Roberson: Stifel, Ex-Merrill Advisor Lands Complaint

Brentwood, Tennessee financial advisor Tim Roberson (CRD# 2200567) has received multiple investor complaints alleging that his conduct resulted in damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Stifel Nicolaus, having previously been registered with Merrill Lynch.

Mr. Roberson’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in October 2025, alleges that as a representative of Merrill Lynch, he did not act in the customer’s best interest. The pending complaint alleges unspecified damages.

An earlier investor complaint, filed in 2017, alleged that as a Merrill Lynch representative, he made misrepresentations and omissions of material facts in connection with a variable annuity investment. The complaint reached a settlement of $30,543.31.

A third investor complaint, filed in 2001, alleged that as a Merrill Lynch representative, he recommended unsuitable investments and did not timely follow instructions to sell mutual fund holdings. The complaint reached a settlement of $13,000.

A 2024 article in AdvisorHub reported on Mr. Roberson’s departure from Merrill Lynch to Stifel Nicolaus. It describes him the leader of a team that managed more than $3 billion in assets, focusing largely on “customers in the sports and entertainment industry.” His other team members remained at Merrill Lynch, according to AdvisorHub, which noted that it “worked with around 550 clients.”

According to the Financial Industry Regulatory Authority, Tim Roberson holds 33 years of securities industry experience. Based in Brentwood, Tennessee, he has been registered as a broker and an investment advisor with Stifel Nicolaus since 2024. He was previously registered with Merrill Lynch from 1992 until 2024. His credentials include the passage of seven securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Representative Examination, or Series 7; the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; and the Futures Managed Funds Examination, or Series 31. He holds 28 state licenses. (Information current as of November 23, 2025.)

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