Tim Fraser: $2mm Complaint Against LPL/Fraser Wealth Advisor

Woodstock, Illinois financial advisor Tim Fraser (CRD# 4868026) recently received an investor complaint alleging that a variable annuity product resulted in seven-figure damages. Financial Industry Regulatory Authority records show that he is currently registered as a broker and an investment advisor with LPL Financial, doing business as Fraser Wealth Management.

Mr. Fraser’s BrokerCheck report discloses one investor complaint. Filed in March 2024, it alleges that as a representative of LPL Financial, he recommended unsuitable variable annuity investments. The pending complaint alleges damages of $2 million.

Fraser Wealth Management’s website includes a profile of Mr. Fraser that describes him as the firm’s founder and president. The firm’s motto, it adds, is “Integrity Leads, Trust Follows,” reflecting Mr. Fraser’s desire for his advisors not to be “tied” to corporate agendas. “FWM seeks to differentiate itself from others by truly focusing on meaningful relationships and holistic planning for every client,” it states. “The firm’s mission is to transform their client’s questions and concerns into knowledge and confidence by creating an easy to understand, actionable plan, built to manage and pursue their goals.”

According to the Financial Industry Regulatory Authority, Tim Fraser holds 19 years of securities industry experience. Based in Woodstock, Illinois, he has been a broker and an investment advisor with LPL Financial since 2009 and 2010, respectively, doing business as Fraser Wealth Management. He was previously registered with First Investors Corporation in Libertyville, Illinois from 2004 until 2009. His credentials include the passage of nine securities industry qualifying exams: the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the General Securities Principal Examination, or Series 24; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He holds 33 state licenses. (Information current as of April 27, 2024.)

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