{"id":8129,"date":"2019-05-17T15:43:31","date_gmt":"2019-05-17T19:43:31","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=8129"},"modified":"2019-05-17T15:43:31","modified_gmt":"2019-05-17T19:43:31","slug":"stifel-niclaus-and-francis-weller-censured-after-excess-client-fees","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/stifel-niclaus-and-francis-weller-censured-after-excess-client-fees\/","title":{"rendered":"Stifel, Niclaus, and Francis Weller Censured After Excess Client Fees"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-8130 size-medium\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2019\/05\/Graph4-1-300x200.jpg\" alt=\"The Massachusetts Securities Division has charged Cape Cod investment advisor Francis Weller, Jr. (CRD#: 4852071) and his company, Weller Asset Management, with violating their fiduciary duty to act in their clients\u2019 best interest and failing to disclose conflicts of interest.Weller and his company had an arrangement since 2009 with Missouri-based broker-dealer Stifel, Nicolaus &amp; Company. One of its local representatives overcharged his Weller Asset clients and utilized Stifel\u2019s resources.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2019\/05\/Graph4-1.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2019\/05\/Graph4-1-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>The Massachusetts Securities Division has charged Cape Cod investment advisor Francis Weller, Jr. (<a href=\"https:\/\/www.adviserinfo.sec.gov\/IAPD\/IAPDIndvlSummary.aspx?INDVL_PK=4852071\" target=\"_blank\">CRD#: 4852071)<\/a> and his company, Weller Asset Management, with violating their fiduciary duty to act in their clients\u2019 best interest and failing to disclose conflicts of interest.<\/p>\n<p>Weller and his company had an arrangement since 2009 with Missouri-based broker-dealer Stifel, Nicolaus &amp; Company. One of its local representatives overcharged his Weller Asset clients and utilized Stifel\u2019s resources. <a href=\"https:\/\/www.silverlaw.com\/blog\/stifel-niclaus-and-francis-weller-censured-after-excess-client-fees\/#more-8129\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Massachusetts Securities Division has charged Cape Cod investment advisor Francis Weller, Jr. (CRD#: 4852071) and his company, Weller Asset Management, with violating their fiduciary duty to act in their clients\u2019 best interest and failing to disclose conflicts of interest. Weller and his company had an arrangement since 2009 with Missouri-based broker-dealer Stifel, Nicolaus &amp; [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[611,1615],"tags":[],"class_list":["post-8129","post","type-post","status-publish","format-standard","hentry","category-conflicts-of-interest","category-fiduciary-duty"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stifel, Niclaus, and Francis Weller Censured After Excess Client Fees &#8212; Securities Arbitration Lawyers Blog &#8212; May 17, 2019<\/title>\n<meta name=\"description\" content=\"Cape Cod investment advisor Francis Weller, Jr. and his company, Weller Asset Management, have been charged with violating their fiduciary duty.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/stifel-niclaus-and-francis-weller-censured-after-excess-client-fees\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Stifel, Niclaus, and Francis Weller Censured After Excess Client Fees &#8212; Securities Arbitration Lawyers Blog &#8212; May 17, 2019\" \/>\n<meta name=\"twitter:description\" content=\"Cape Cod investment advisor Francis Weller, Jr. and his company, Weller Asset Management, have been charged with violating their fiduciary duty.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2019\/05\/Graph4-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Stifel, Niclaus, and Francis Weller Censured After Excess Client Fees &#8212; Securities Arbitration Lawyers Blog &#8212; May 17, 2019","description":"Cape Cod investment advisor Francis Weller, Jr. and his company, Weller Asset Management, have been charged with violating their fiduciary duty.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/stifel-niclaus-and-francis-weller-censured-after-excess-client-fees\/","twitter_card":"summary_large_image","twitter_title":"Stifel, Niclaus, and Francis Weller Censured After Excess Client Fees &#8212; 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