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Read MoreBrian Mariash: UBS Advisor Lands Annuity Complaint
Sarasota, Florida financial advisor Brian Mariash (CRD# 4371979) allegedly recommended unsuitable equity-indexed annuities, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with UBS Financial Services, having previously been registered with Merrill Lynch.
Mr. Mariash’s BrokerCheck report discloses three investor complaints. The most recent, filed in December 2023, alleges that as a representative of Merrill Lynch, he recommended equity-indexed annuities that were not in the customer’s best interests. The pending complaint alleges damages of at least $5,000.
An earlier investor complaint, filed in 2009, alleged that the customer had been paying for an annuity rider that was not included in the contract. The complaint reached a settlement of $7,708.16.
A third investor complaint, filed in 2007, alleged that an improper IRA distribution led to tax penalties. In 2010 the complaint reached a settlement of $40,000.
UBS Financial Services’ website includes a bio of Mr. Mariash that describes him as a Managing Director with Mariash Lowther Wealth Management, a practice within the firm. “Brian left a career in education to join the securities industry in 2001 and founded Mariash Lowther Wealth Management in 2008,” it states. “His personal mission to Educate, Connect, and Contribute has become the mission of the team.” The page also describes the practice’s own approach to wealth management. “We recognize that a lasting relationship starts by listening and understanding your priorities and concerns,” it describes. “We’ll work together to look at the big picture, discuss your vision for the future and help you confidently pursue your life goals.”
According to the Financial Industry Regulatory Authority, Brian Moriash holds 22 years of securities industry experience. Based in Sarasota, Florida, he has been a broker and an investment advisor with UBS Financial Services since February 2023. His registration history includes Merrill Lynch, Morgan Stanley, AG Edwards & Sons, and Gunnallen Financial. His credentials include the passage of seven securities industry qualifying exams: the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Representative Examination, or Series 7; 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 Combined State Law Examination, or Series 66. He holds 51 state licenses. (Information current as of January 14, 2024.)
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