Financial Advisor Ronald Hannes Under Investigation

Stoll Berne is investigating claims on behalf of individual investors who may have lost money with Spokane-based financial advisor, Ronald Hannes of Woodbury Financial. The Financial Industry Regulatory Authority (FINRA) also began investigating claims that Hannes allegedly misappropriated funds from a customer’s life insurance policy. FINRA has subsequently revoked his license. Stoll Berne believes other former customers of Hannes may have been targeted as well.

Hannes was a financial advisor with the Spokane-based Woodbury Financial Services from 1994 through 2019. He also operated his own business under the names Hannes Financial Services and Ronald W. Hannes & Associates.

If you were a client of Ronald Hannes or Woodbury Financial and you believe that you lost money, we are interested in speaking with you. Contact us for a free evaluation of your potential case using the form below or email attorney Josh Ross directly.


This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon Investments.

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Joshua Ross
Josh represents clients in a wide variety of civil matters, including complex business disputes, trust and estate litigation, shareholder disputes, consumer and securities fraud actions, class actions, breach of professional and fiduciary duty, and property and contract disputes. In his trust and estate litigation practice, Josh handles matters involving misconduct by trustees or personal representatives, mismanagement of assets by those owing fiduciary obligations, claims concerning capacity to amend estate plans, and undue influence by interested parties. Josh serves as an arbitrator for Multnomah County Circuit Court and with Arbitration Service of Portland. From 2013 to 2016, Josh served on the Oregon State Bar Board of Governors and is currently serving a four-year term on the State Professional Responsibility Board. Josh has volunteered with Legal Aid's Domestic Violence Project since 2007. Josh’s straightforward manner belies his passion for finding the winning argument for his clients. At his core, Josh believes in his clients’ cause, and approaches litigation with equal parts intellect, empathy, and conviction.

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Legal Disclaimer

The information contained in this blog does not constitute legal advice, and does not create an attorney-client relationship. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this blog.