Evan Adelglass, LPL Broker, Allegedly Sold Unsuitable Investments
Evan Adelglass (CRD# 2392225), a broker registered with LPL Financial, allegedly made unsuitable investment recommendations, according to recent investor disputes. MDF Law is investigating the Ansonia, Connecticut-based financial professional for similar conduct. If you are a current or former client who suffered losses on unsuitable investments, we urge you to call for a free consultation.
This post contains additional details about the allegations against Mr. Adelglass. The information below is sourced from his BrokerCheck profile, a Financial Industry Regulatory Authority profile examined on December 10, 2024.
Pending Disputes Allege Unsuitable Recommendations
Two parties of investors filed disputes involving Mr. Adelglass in October 2024. Both disputes detail allegations that he recommended stock investments that were unsuitable for the clients’ objectives and risk tolerance. Between them, the disputes, which are still pending, seek cumulative alleged damages of $930,000.
Evan Adelglass Denies Allegations
In identical statements appended to the pending disputes’ disclosures, Mr. Adelglass denied the allegations and asserted that they are meritless. “The investments about which the customer complained were suitable and were recommended based on the customer’s objectives, goals and financial circumstances and were offered only after his review of all material documentation related to the investments,” the statements read. “At all times, the representative put the customer’s interest first.”
Adelglass Wealth Representative
As his BrokerCheck profile reflects, Mr. Adelglass does business under the brand name Adelglass Wealth Management. That firm’s website features a profile outlining his professional history and services as the firm’s principal. “Evan specializes in clients who own small businesses, in addition to pre-retirees and retirees,” it reads. “He loves working with clients in order to pursue their specified goals of retirement, long term care, income, social security/medicare, and college planning.”
FINRA: Broker Based in Ansonia, Connecticut
Mr. Adelglass started working as a broker in 1993, when he joined Montano Securities Corporation’s office in Orange, California. Over the following decades, he went on to work at a variety of firms. These include tenures at Greenway Capital Corporation, Gruntwal & Company, First Union Securities, and Banc of America Investment Services. He joined LPL Financial’s office in Ansonia, Connecticut in 2005 and remains there today. Boasting 30 years of experience as a broker, he has completed five industry exams, including the Series 7 and the Series 65.
Complaints? Call for a Free Consultation
Are you a current or former Evan Adelglass client with concerns about investments in your portfolio? Did your representative recommend unsuitable products or strategies? You may be able to pursue losses through the FINRA arbitration process. At MDF Law, our broker fraud attorneys boast decades of experience advocating for investors, securing more than $100 million in recoveries. We only receive a fee if our clients win—no hourly fees—and we offer free consultations nationwide. Call 800-767-8040 to chat with our team today.