NFP Advisor Services Group Investment Attorney

The law offices of Gana LLP represents securities investors that have disputes with their financial advisors or brokerage firms, such as NFP Advisor Services Group (NFP Advisor). Many investors believe that if they complain about the misconduct to their brokerage firms or regulators such as state attorney generals or the SEC that their losses will be compensated. However, firms rarely admit to wrongdoing and regulators do not often recover funds on behalf of private investors.

There are many different types of investment related misconduct including securities fraud, unsuitable investment products such as private placements, penny stocks, and non-traded REITs. Our firm’s attorneys can analyze your investment accounts and determine if there was actionable misconduct by the financial advisor or brokerage firm.

NFP describes itself as a leader in benefits solutions for companies and in the delivery of life insurance and wealth management solutions for high net worth individuals. NFP operates through three segments: the Corporate Client Group, the Individual Client Group and the Advisor Services Group.

NFP Advisor is affiliated with, under common control, or otherwise performs business under the company names NFP Securities, Inc., National Financial Partners Corp., NFP Advisor Services, Partners Securities, Inc., and NFP IndeSuite, Inc.

NFP Advisor – By the Numbers:

  • CRD# 42046
  • SEC# 8-49672
  • 7 Regulatory Events
  • 1 Customer Complaints
  • Total Revenues: $364 million - 2012
  • Total Client Assets: $50 billion – 2012
  • Retail Offices: 640
  • Number of Client Accounts: 591,332 -2012
  • Representatives: 1,650 - 2012

NFP Advisors – In the News:

In re David Mickelson – A broker with NFP Securities was accused by the Financial Industry Regulatory Authority (FINRA) of improperly selling $8.3 million worth of various private placements to at least 71 customers without informing his brokerage firm NFP Securities. In order to promote the private placements the broker allegedly marketed the Micro Pipe Fund and other investments using misleading websites and advertisements communicated to customers.

FINRA v. NFP Securities, Inc. AWC No. 2007011393902 – FINRA fined NFP $50,000 concerning allegation that from January 2006, to February 2008 the firm violated NASD’s advertising rules by approving advertising materials that contained misleading statements and did not provide a sound basis for evaluation; for failing to document the firm’s approval of advertising materials; failing to maintain records of certain advertising materials that were approved for use; and for failing to supervise retail the sales of equity-indexed annuities (EIA).

Our attorneys has successfully represented hundreds of investors in their broker disputes with their advisor firms. Our consultations are free and we welcome all inquiries.