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Todd McBride: Options Complaint Against Morgan Stanley Advisor
Huntsville, Alabama financial advisor Todd McBride (CRD# 5743641) recently received an investor complaint relating to a covered call options strategy. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Morgan Stanley, whose website describes him as a member of the Monte Sano Group.
Mr. McBride’s BrokerCheck report discloses one investor complaint. Filed in October 2023, it alleges that as a representative of Morgan Stanley, he recommended an unsuitable covered call options strategy. The pending complaint alleges unspecified damages.
As its profile on Morgan Stanley’s website describes, the Monte Sano Group provides financial planning, investment planning, wealth planning, executive planning, and business owner planing services. Its clients include families, retirees and those planning for retirement, nonprofit organizations, foundations, endowments, defense contractors, and people who work in law, medicine, and pharmaceuticals. “Our practice is built on the development of deep and enduring relationships and the delivery of comprehensive wealth management services,” its profile states. “In partnering with and serving affluent clients, the Monte Sano Group at Morgan Stanley provides customized planning geared to individual objectives. Our team, offers informed financial guidance at critical stages of life, such as selling a business, retiring, succession planning, change in marital status, the birth of a child or the death of a parent or loved one.”
A section specifically concerning Mr. McBride notes that he is a Senior Vice President, Financial Advisors, and Senior Portfolio Management Director. “I really enjoy working with clients and learning about their unique life stories,” he wrote in his bio. “I feel blessed to be a part of helping people to build an increased comfort level in their financial lives.”
According to the Financial Industry Regulatory Authority, Todd McBride holds 13 years of securities industry experience. Based in Huntsville, Alabama, he has been a broker and an investment advisor with Morgan Stanley since 2010. 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 13 state licenses. (Information current as of November 6, 2023.)
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