Dan Silverberg: UBS Advisor Faces Investor Complaint

A recent investor complaint against Philadelphia, Pennsylvania financial advisor Dan Silverberg (CRD# 1576956) alleges that his conduct resulted in damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with UBS Financial Services.

Mr. Silverberg’s BrokerCheck report discloses two investor complaints. The most recent, filed in May 2024, alleges that as a representative of UBS Financial Services, he assured the client that his management would “generate more than sufficient funds to cover specific loan payments.” The complaint alleges further that “the interest payable on the principal balance of the loan far exceeded the money being generated by investments selected” by Mr. Silverberg. The pending complaint alleges unspecified damages.

An earlier investor complaint, filed in 2011, alleged that as a representative of UBS Financial Services, he engaged in unspecified sales practice violations in connection with the sale of structured notes. In 2012 the complaint reached a settlement of $21,717.50.

UBS Financial Services’ website includes a page describing HSS Partners, a practice within the firm where Mr. Silverberg works as a Senior Vice President, Wealth Management. “We address every dimension of your life and your goals—investments, business and legacy—to develop a plan that’s truly personalized for you,” it states in a section describing the group’s approach to working with its clients. “Then we’ll help you organize your financial life into three strategies: Liquidity—to help provide cash flow for short-term expenses, Longevity—for longer-term needs and Legacy—for needs that go beyond your own.”

According to the Financial Industry Regulatory Authority, Dan Silverberg holds 37 years of securities industry experience. Based in Philadelphia, Pennsylvania, he has been registered as a broker and an investment advisor with UBS Financial Services since 2021. His past registrations include Morgan Stanley, UBS Financial Services, Legg Mason Wood Walker, Painewebber, Lehman Brothers, EF Hutton & Company, and Bear Stearns & Company. His credentials include the passage of six securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Futures Managed Funds Examination, or Series 31; 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 29 state licenses. (Information current as of June 22, 2024.)

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