Investors might have sustained losses due to securities broker Richard James Wick [CRD: 6248114, Kalispell, Montana], according to disclosures on FINRA BrokerCheck. Evidently, Richard Wick worked for Northwestern Mutual Investment Services LLC from December 23, 2013, to April 18, 2025. Below, investors can review details about the disclosures involving this securities broker.
Specifically, on May 1, 2025, a Northwestern Mutual Investment Services LLC client filed a complaint about Richard Wick. Allegedly, Wick misrepresented the terms of four life insurance policies. This apparently included three variable universal life insurance policies. The client also alleged that Wick failed to disclose fees related to the policies. Because of this, the client allegedly incurred damages. Consequently, the client requested $83,000 in compensation from Northwestern Mutual Investment Services LLC or Wick.
Also, a client of Northwestern Mutual Investment Services LLC contested Richard Wick’s sales practices, according to a complaint dated April 17, 2025. Allegedly, Wick did not act in the client’s best interests and made misrepresentations regarding the Northwestern Mutual products he recommended. This included a variable annuity, an investment advisory account, and a variable life insurance policy. Therefore, the client sought compensation from Northwestern Mutual Investment Services LLC or Wick in this matter.
Particularly, a client of Northwestern Mutual Investment Services LLC contested Richard Wick’s sales practices, according to a complaint dated April 7, 2025. Allegedly, Wick made misrepresentations by misleading the client about investments. Supposedly, life insurance policies were established without the client’s knowledge or consent. For this reason, the client sought compensation from Northwestern Mutual Investment Services LLC or Wick in the amount of $300,000.00 in this matter.
Specifically, on April 7, 2025, a Northwestern Mutual Investment Services LLC client filed a complaint about Richard Wick. Allegedly, Wick received a personal loan from the client. Consequently, the client requested $120,000 in compensation from Northwestern Mutual Investment Services LLC or Wick. However, the firm denied this complaint.
Also, Northwestern Mutual Investment Services LLC disaffiliated with Wick on March 21, 2025. Allegedly, Wick was permitted to resign while under internal review for sales practice concerns and possible loans from clients.
Do you have concerns or questions about your investments with Richard Wick? You should get in touch with Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney about a possible recovery. Soreide Law Group has recovered losses for clients located throughout the country. The firm also works on a contingency fee arrangement and advances all costs. Wick and brokerage firms Wick worked for deny allegations of sales practice violations.
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