Evan Adelglass: $600K Complaint Against Adelglass Wealth Advisor

Multiple investor complaints against Ansonia, Connecticut financial advisor Evan Adelglass (CRD# 2392225) alleges that he recommended unsuitable investments. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with LPL Financial, doing business as Adelglass Wealth Management.

Mr. Adelglass’s BrokerCheck report discloses several investor complaints. The most recent, filed in October 2024, alleges that as an LPL Financial representative, he recommended unsuitable stock investments. The pending complaint alleges damages of $330,000.

A second investor complaint, also filed in October 2024, alleges that as an LPL Financial representative, he unsuitably recommended stock products. The pending complaint alleges damages of $600,000.

In identical statements included with each pending complaint’s disclosure, Mr. Adelglass defends himself against the claims and asserts 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,” he writes. “At all times, the representative put the customer’s interest first.”

Adelglass Wealth Management’s website includes a profile of Mr. Adelglass that describes his background and services. “Evan specializes in clients who own small businesses, in addition to pre-retirees and retirees,” it explains. “He loves working with clients in order to pursue their specified goals of retirement, long term care, income, social security/medicare, and college planning.”

According to the Financial Industry Regulatory Authority, Evan Adelglass holds 29 years of securities industry experience. Based in Ansonia, Connecticut, he has been registered as a broker and an investment advisor with LPL Financial since 2005, doing business as Adelglass Wealth Management. His past registrations include Banc of America Investment Services, Quick & Reilly, First Union Securities, First Albany Corporation, Janney Montgomery Scott, Gruntal & Company, AG Edwards & Sons, Greenway Capital Corporation, and Montano Securities Corporation. His credentials include the passage of five securities industry qualifying exams: the General Securities Principal Examination, or Series 24; 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 22 state licenses. (Information current as of October 19, 2024.)

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