Adam Brunin Allegedly Concentrated Investor’s Assets
Adam Brunin (CRD# 4407663), an investment adviser registered with Navigation Wealth, concentrated a customer’s accounts in equities, according to an investor dispute. MDF Law is investigating the Fort Collins, Colorado-based financial professional for similar conduct. If you have concerns about investments in your accounts, contact us for a free consultation.
To learn more about the disputes involving Mr. Brunin, continue reading. This post is based on a review of his BrokerCheck record, a Financial Industry Regulatory profile examined on February 6, 2025. It is also sourced from his Investment Adviser Public Disclosure, a Securities and Exchange Commission record.
Pending Dispute Seeks 6-Figure Damages
On October 14, 2024, an investor lodged a dispute alleging that their account was concentrated in equities. According to a disclosure on Mr. Brunin’s BrokerCheck record, the dispute alleges that this concentration was risky given the customer’s conservative investment objectives. It also alleged that “market timing strategies… were inappropriate for their goals.” The dispute, which is still pending, seeks $210,000 in alleged damages.
2022 Dispute Alleges Undisclosed Feees
On June 7, 2022, another investor filed a dispute involving Mr. Brunin. In this case, the investor alleged that “premium tax fees were not disclosed.” The dispute, which is also still pending, seeks $10,000 in alleged damages.
What Is Over-Concentration?
Concentration, also referred to as over-concentration, describes an advisor’s allocation of a significant portion of a client’s assets in a single security or asset class. According to FINRA, concentration may be compared to putting too many eggs in one basket. It exposes investors to potentially enhanced losses if the security or asset class declines in value.
When brokers inappropriately concentrate investors’ assets, they may violate FINRA Rule 2111. Under this rule, they must exercise reasonable diligence to ensure that their recommendations are appropriate for a customer’s objectives. Risky or speculative investments, for instance, may be considered unsuitable for investors with conservative goals. Concentration may also violate FINRA Rule 2010. This rule requires brokers to observe high standards of commercial honor and just and equitable principles of trade.
Adam Brunin, Navigation Wealth President
As his BrokerCheck record reflects, Mr. Brunin is the president of Navigation Wealth Management. This firm’s website features a professional biography outlining his credentials and experience. “Adam entered the financial services industry in August of 2001 after 9 years in the US Naval submarine community,” it reads. “After 3 years of working with a fortune 100 company Adam noted significant improvements that could be made by starting his own company.”
FINRA: Adviser Based in Fort Collins, Colorado
Mr. Brunin launched his career as a broker when he registered with NYLife Securities in 2001. He remained at the firm until 2005, when he departed for Sigma Financial Corporation. After leaving Sigma in 2016, he joined Navigation Wealth Advisors’ office in Fort Collins, Colorado, where he remains today. Boasting 23 years of experience as an adviser, according to his IAPD form, he has completed four industry exams.
Investors Have Rights. MDF Law Defends Them
If you have concerns regarding concentrated or otherwise unsuitable investments recommended by Adam Brunin, contact MDF Law for a free consultation. Our seasoned investment fraud attorneys take cases on a contingency basis: we only collect a fee when clients win their case. You may have a limited window to file a claim, so please call us today at 800-767-8040.