DID RANDALL PHILLIP HALLIER CAUSE YOU INVESTMENT LOSSES?
About Randall Hallier of Creative Planning?
Randall Hallier (CRD #2405471) is an experienced investment advisor with a long-standing career in the financial services industry. Currently employed at Creative Planning, LLC, since 2009, he has obtained the Certified Financial Planner (CFP) designation and passed the Series 65 exam. His professional background includes roles in multiple firms where he has managed diverse client portfolios and provided financial planning services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Randall Hallier Customer Complaints and Reviews
Customer Dispute (2023):
- Complaint: The client alleged a breach of fiduciary duty concerning the management of a variable annuity from April 2016 to April 2023.
- Product Type: Variable annuity.
- Damages Claimed: The client sought the return of management fees exceeding $5,000.
- Outcome: The complaint, received on December 20, 2023, was reviewed and denied as of January 3, 2024. No settlement or financial contribution was made by Mr. Hallier or the firm.
Allegations Against Randall Hallier
- Customer Complaint (2023):
- The claim centered around a breach of fiduciary duty regarding variable annuity management over a seven-year period. The customer contended that the management fees charged were excessive and sought their return.
- The case was evaluated by the employing firm, Creative Planning LLC, and denied due to insufficient evidence or grounds for action.
Randall Hallier Employment History
- Employment: Randall Hallier has been associated with five firms, including
- Creative Planning,
- LPL Financial Corporation, and
- Hallier Financial, Inc.
- Previous firms
- Waterstone Financial Group (2004–2009) and
- Retirement Resources, Inc. (1997–2002).
- Exams Passed: He passed the Series 65 (Uniform Investment Adviser Law Examination) on July 31, 2001.
- Professional Designation: Holds the Certified Financial Planner (CFP) credential.
- Current Registration: Active in Florida and Texas as an Investment Adviser Representative with Creative Planning, LLC.
Investment Advisors Owe Clients The Highest Level Of Care
Investment advisors are bound by fiduciary duties, requiring them to act in the best interests of their clients. This duty encompasses full disclosure of any potential conflicts of interest, comprehensive communication about investment risks and mechanics, and adherence to a standard of care that prioritizes client goals and financial wellbeing. Transparency and integrity are critical, as clients rely on advisors to guide them in complex financial matters. Ensuring alignment with clients’ risk tolerance and investment objectives strengthens trust and regulatory compliance.
Option Trading Can Be Extremely Risky
Options trading poses substantial risks due to its speculative nature and potential for high leverage. Strategies like writing uncovered (naked) calls can expose investors to theoretically unlimited losses if the underlying asset’s price increases unexpectedly. For example, selling a call without owning the stock could lead to significant financial obligations if the option is exercised. While options can serve as effective hedging tools, speculative use demands thorough client understanding and consent. Advisors must assess whether such strategies align with the client’s risk tolerance and financial capacity.
Randall Hallier Red Flags & Your Rights As An Investor
Of course, Randall Hallier did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Creative Planning on alert to review carefully the activity and performance of their accounts and question whether Randall Hallier has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Creative Planning also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Creative Planning Due To Randall Hallier
If you have questions about about Creative Planning and/or Randall Hallier and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
Rate this Post
Loading...