Andrew Kubicsko: Raymond James Advisor Faces $400K Complaint

A recent investor complaint against Chicago financial advisor Andrew Kubicsko (CRD# 861670) alleges that his investment advice resulted in six-figure losses. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Raymond James & Associates, and that he is also registered with the firm’s office in Lake Geneva, Wisconsin.

Mr. Kubicsko’s BrokerCheck report discloses two investor complaints. The most recent, filed in June 2023, alleges that as a representative of Raymond James & Associates, he recommended unsuitable investments between August 2020 and June 2023. The pending complaint alleges damages of $400,000.

An earlier investor complaint, filed in 1993, alleged that as a representative of Painewebber, he churned investments and made misrepresentations of material facts. The complaint reached a settlement of $60,000.

Mr. Kubicsko’s biography on Raymond James’ website states that he draws on his experience to help keep his clients “on a steady course” financially. “Andrew endeavors to create long-term meaningful relationships with a select group of clients and provide them with personalized financial planning advice using the industry’s most comprehensive resources,” the bio states. “His investment process takes into account your investing experience, your expectations, your risk tolerance, and the performance of your portfolio.”

According to the Financial Industry Regulatory Authority, Andrew Kubicsko holds 42 years of securities industry experience. Based in Chicago, Illinois, he has been a broker and an investment advisor with Raymond James & Associates since 2011 and 2020, respectively. He is also registered with the firm’s office in Lake Geneva, Wisconsin. His registration history includes Wells Fargo Advisors (Chicago, Illinois; 2008-2011), AG Edwards & Sons (Chicago, Illinois; 1993-2008), Gruntal & Company (New York, New York; 1991-1993), Robert Thomas Securities (St. Petersburg, Florida; 1990-1991), Painewebber (Weehawken, New Jersey; 1986-1989), Drexel Burnham Lambert (1983-1986), Oppenheimer & Company (1981-1982), Smith Barney Harris Upham (1980-1981), Sheason Loeb Rhoades (1979-1980), and Loeb Partners (1979). His credentials include the passage of four securities industry qualifying exams: 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 is licensed in Alabama, Arizona, California, Colorado, Connecticut, Florida, Idaho, Illinois, Indiana, Iowa, Michigan, Minnesota, Nevada, New York, North Carolina, Tennessee, Texas, Virginia, Washington, and Wisconsin. (Information current as of July 25, 2023.)

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