I have bad experiences with the Stiefel Nicolaus office in Melbourne, Florida. Don't trust them! Move your account now. The Melbourne, Florida office of Stiefel Nicolaus, including the Manager of that office (Jim Potter) is responsible for losses in my accounts exceeding $250,000. Mr. Potter and his associates (Brian Laughlin, Brendon McCarthy, and Dennis Laughlin) placed unsuitable and risky investments in my accounts including a fraudulently marketed mutual fund with Morgan Keegan & Company that became nearly worthless. At the same time Stifel Nicolaus charged me management fees for the mismanagement of my assets. These people have no idea with they are doing and they don't pay attention to what is happening in the economy as it impacts the assets under their management. They were just plain negligent in managing my accounts. Anyone considering an association with Stiefel Nicolaus or these particular brokers should reevaluate their decision and look to another broker. I moved all my accounts to Northwestern Mutual Wealth Management. Protect yourself and do not deal with these brokers.
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