Allegations Regarding the Termination

Powell was fired by Ameriprise Financial Services in June 2025 regarding allegations “for Firm policy violations, including those related to outside business activities and financial planning fees”.  When individuals are terminated by their brokerage firm for cause, the firm is required to file a form (called a Form U-5) with regulators that explains why the advisor was fired. 

Background on Cedric Joe Powell

Cedric Joe Powell was licensed with Ameriprise Financial Services from June 2021 to June 2025.  He previously worked with Northwestern Mutual from 2004 to June 2021.  He was the subject of four customer complaints regarding his time at Northwestern Mutual.  He now operates an investment advisory firm called Powell Wealth.

Is Ameriprise Financial Services Potentially Liable for Powell’s Conduct?

FINRA standards provide that brokerage firms like Ameriprise Financial Services must reasonably supervise the activities of their financial advisors.   Firms that fail to do so could be responsible for investor losses. 

We Help Investors in Florida

We represent investors throughout the United States including Florida, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. If you were a client of Cedric Powell and believe your financial advisor acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Powell’s BrokerCheck Report

Contact Our Attorneys for a Free Case Evaluation

Call us today at (720) 599-3505 or (206) 795-5798