Kelly Woerdeman Allegedly Recommended Unsuitable Investments 

Kelly Woerdeman (CRD #: 4834916), a broker registered with Ameriprise Financial Services, is facing an investor dispute. This is according to his BrokerCheck record, accessed on August 1, 2023. 

On May 2, 2023, an attorney for a client alleged that Kelly Woerdeman failed to reallocate her father’s portfolio to more conservative investments that would suit his age and investment goals. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Financial goals
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by seeking out FINRA arbitration.

Background Information 

Kelly Woerdeman has passed the following exams: 

• Series 66 Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in 20 states and a registered investment adviser in Rhode Island and Texas. 

Kelly Woerdeman has registered with the following firms: 

• Ameriprise Financial Services (CRD #: 6363) 
• Baystate Wealth Management (CRD #: 151664) 
• MML Investors Services (CRD #: 10409) 
• MSI Financial Services (CRD #: 14251) 
• Primevest Financial Services (CRD #: 15340) 
• Bancnorth Investment Group (CRD #: 31299) 
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
• Sun Life Financial Distributors (CRD #: 5496) 
• ING Financial Partners (CRD #: 2882) 

Kurta Law Can Help

If you worked with Kelly Woerdeman and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.