Anthony Jovanovich: REIT Complaint Against Wintrust Advisor

Elgin, Illinois financial advisor Anthony Jovanovich (CRD# 2948544) has received multiple investor complaints alleging 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 Wintrust Investments.

Mr. Jovanovich’s BrokerCheck report discloses several investor complaints. The most recent, filed in May 2025, alleged that as a Wintrust Investments representative, he provided poor advice. The complaint alleged damages of $850,000 and was denied by the firm.

In a statement included with the complaint’s disclosure, Mr. Jovanovich defended himself against the allegations. “As I do with all customers, I provided tailored customer service and disclosed all risk factors of the investments,” he wrote. “I stand by my recommendations and advice.”

A second investor complaint, filed in March 2025, alleged that as a representative of Wintrust Investments, he recommended unsuitable real estate investment trusts (REITs). The pending complaint alleges unspecified damages.

Wintrust Investments’ website includes a profile of Mr. Jovanovich that describes his background and experience as a Senior Vice President at the firm. “He specializes in creating financial strategies tailored to each individual’s unique needs, such as generating retirement income, providing for long-term care, and estate planning,” it explains. “With his experience and commitment to service, Anthony develops client profiles, works to construct a long-term investment strategies, and implements plans to help his clients pursue their financial objectives.”

According to the Financial Industry Regulatory Authority, Anthony Jovanovich holds 27 years of securities industry experience. Based in Elgin, Illinois, he has been registered as a broker and an investment advisor with LPL Financial since January 2025, doing business as Wintrust Investments. His past registrations include Chase Investment Services, Banc One Securities, Associated Investment Services, Merrill Lynch, and MetLife Securities. His credentials include the passage of five securities industry qualifying exams: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; and the Securities Industry Essentials Examination, or SIE. He holds 25 state licenses. (Information current as of June 30, 2025.)

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