ALVERY ANTHONY BARTLETT is currently employed as a Broker and/or Investment Adviser at ARETE WEALTH MANAGEMENT, LLC located at 8000 Maryland Ave., Suite 1031, Clayton, MO, 63105.
ALVERY ANTHONY BARTLETT has worked at ARETE WEALTH MANAGEMENT, LLC since August 09, 2016
ALVERY ANTHONY BARTLETT has 3 Disclosure Event(s).
Date: March 16, 2018 Category: Customer Dispute Allegations: The client alleges the investments he purchased between 2003 and 2011 were unsuitable and were misrepresentedto him by the representative. The client also alleges the firm failed to conduct adequate due diligence and failed tosupervise the representative. Damage Amount Requested: $6,637,918.00
Date: January 08, 2018 Category: Customer Dispute Allegations: Client alleges unsuitable recommendations between January2012 and September 2014. Damage Amount Requested: $3,940,000.00 Broker Comment: Mr. Bartlett believes the claims to be without merit and vigorously denies all allegations in the Statement of Claims. The client is a sophisticated and educated professional who has had years of extensive investment experience. Since 2012 Mr. Bartlett's frequent and in-depth investment communications with the claimant by phone, personal visits, and their joint discussions with senior management charged with operating underlying investment assets totaled nearly 200 documented occurrences. Mr. Bartlett is mystified that the claimant alleges a lack of understanding, personal responsibility, or involvement with the investment decisions in question. Mr. Bartlett introduced and educated the claimant about potential investments' strategy, risks, liquidity, objectives, and structure. The claimant is strongly opinionated and was the driving force on whether or not to proceed with an investment. At this time all the claimed losses are unrealized and the underlying business activities of the individual investments continue.
Date: January 23, 2015 Category: Customer Dispute Allegations: THE CLIENTS ALLEGE THE INVESTMENTS PURCHASED IN 2006 WERE UNSUITABLE AND MISREPRESENTED. THE CLIENTS ALSO ALLEGE THE FIRM FAILED TO CONDUCT ADEQUATE DUE DILIGENCE AND FAILED TO SUPERVISE THE REPRESENTATIVE. Settlement Amount: $25,000.00 Broker Comment: THE REPRESENTATIVE DENIES THE ALLEGATIONS IN THE STATEMENT OF CLAIM. THE REPRESENTATIVE INFORMED THE CLIENTS THAT THERE WERE SUBSTANTIAL RISKS AND COSTS INVOLVED IN THE TWO INVESTMENTS AT ISSUE AND ADVISED THE CLIENTS TO CONSIDER OTHER OPTIONS. IT WAS THE CLIENTS' DECISION TO UTILIZE A 1031 EXCHANGE AND TO INVEST INTO THE TWO INVESTMENTS AFTER BEING FULLY INFORMED OF THE RISKS. In October 2015, the arbitration panel granted the firm's motion to dismiss the claim pursuant to Rule 12206. As a result, the client threatened to file action in state court. The firm, solely to compromise and settle disputed claims, agreed to settle the matter.
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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
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