CHARLES ALVANOS is currently employed as a Broker and/or Investment Adviser at AMERIPRISE FINANCIAL SERVICES, INC. located at 1349 SPRINGFIELD ST, FEEDING HILLS, MA, 01030.
CHARLES ALVANOS has worked at AMERIPRISE FINANCIAL SERVICES, INC. since July 03, 1984
Disclosure History
CHARLES ALVANOS has 2 Disclosure Event(s).
Date: July 29, 2002 Category: Customer Dispute Allegations: THE CLIENT ALLEGED HE HAD NO NEED FOR THE LIFE INSURANCE POLICY HE HAD PURCHASED IN SEPTEMBER 1997, AS HE HAD NEVER BEEN MARRIED AND HAD NO DEPENDENT CHILDREN. THE POLICY HAD A DEATH BENEFIT OF $300000.00. HE FURTHER ALLEGED HE WAS NEVER INFORMED WHAT WOULD HAPPEN T OTHE POLICY IF THE RETURN WAS BELOW THE 12% THAT HAD BEEN ILLUSTRATED. HE REQUESTED A REFUND OF ALL PREMIUMS PAID. THE AMOUNT OF PREMIUMS PAID LESS THE CURRENT CASH SURRENDER VALUE IS $49756.00. Damage Amount Requested: $49,756.00 Broker Comment: THE FIRM'S EVIEW OF THE COMPLAINT DETERMINED THAT ALTHOUGH THE CLIENT WAS NOT MARRIED AND HAD NO DEPENDANT CHILDREN, HE STILL A NEED FOR LIFE INSURANCE BASED ON HIS ESTATE PLAN. THE CLIENT RECEIVED FULL DISCLOSURE OF THE FEATURES OF THE POLICY, INCLUDING THE REQUIRED PREMIUMS NEEDED TO KEEP TE POLICY IN FORCE. THE FIRM DECLINED THE CLIENT'S REQUEST FOR REIMBURSEMENT. THE ALLEGATIONS MADE BY THE CLIENT WERE COVERED BY A CLASS ACTION LAWSUIT INVOLVING IDS LIFE INSURANCE COMPANY.
Date: July 11, 2001 Category: Customer Dispute Allegations: THE CLIENTS ALLEGED THAT I MISHANDLED THIER INVESTMENTS BY NOT MONITORING THE ACCOUNTS, NOR BY PROVIDING THEM WITH ANY PROFESSIONAL SERVICES. Damage Amount Requested: $16,000.00 Broker Comment: THE REVIEW FOUND THAT THE CLIENTS RECEIVED FULL AND FAIR DISCLOSURE REGARDING THE RISKS AND CHARGES ASSOCIATED WITH THEIR INVESTMENTS. IN ADDITION, THE CLIENTS RECEIVED MONTHLY STATEMENTS AS A MEANS TO MONITOR THIER OWN INVESTMENTS.
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
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.
To view the full report for CHARLES ALVANOS, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.