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Read MoreWalter Schram: Ameriprise Advisor Lands $300K Complaint
A recent investor complaint against Farmington Hills, Michigan financial advisor Walter Schram (CRD# 1728096) alleges 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 Ameriprise Financial Services.
Mr. Schram’s BrokerCheck report discloses two investor complaints. The most recent, filed in January 2025, alleges that as a representative of Ameriprise Financial Services, he recommended unsuitable alternative investments on which the firm failed to conduct adequate due diligence. The pending complaint alleges damages of $300,000.
An earlier investor complaint, filed in 2012, alleged that as a representative of UBS Financial Services, he misrepresented and omitted material facts relating to a structured product. The complaint reached a settlement of $35,000.
Ameriprise Financial Services’ website includes a profile of Mr. Schram that describes his services, including financial advice for families. “Our approach involves engaging each generation in meaningful conversations about their distinct financial priorities,” it explains. “Whether it’s planning for education, retirement or personal investments, we ensure every voice is heard and every goal is addressed. We also emphasize the importance of financial literacy across generations, empowering each family member to make informed decisions for their future.”
According to the Financial Industry Regulatory Authority, Walter Schram holds 37 years of securities industry experience. Based in Farmington Hills, Michigan, he has been registered as a broker and an investment advisor with Ameriprise Financial Services since 2017. His registration history includes UBS Financial Services, Citigroup Global Markets, Lehman Brothers, and EF Hutton & Company. His credentials include the passage of five securities industry qualifying exams: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; and the Securities Industry Essentials Examination, or SIE. He holds 26 state licenses. (Information current as of February 17, 2025.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.
