Brian Zimmerman: $125K ARC REIT Complaint Against IFG Advisor

A recent investor complaint against San Diego, California financial advisor Brian Zimmerman (CRD# 2401501) alleges that he failed to disclose the risk associated with an investment recommendation. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Independent Financial Group, doing business as Zimmerman Private Wealth Management.

Mr. Zimmerman’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in September 2025, alleges that as a representative of Independent Financial Group, he did not explain the risk associated with an investment in an ARC Healthcare REIT, resulting in losses. The pending complaint alleges damages of $125,000.

An earlier investor complaint, filed in 2013, alleged that as a representative of Liberty Partners Financial Services, he recommended an unsuitable variable annuity. In 2016 the complaint reached a settlement of $10,000.

In a statement included with the complaint’s disclosure, he described the allegations as false and misleading. “Client had two accounts with, a conservative retirement account and a more aggressive trading account,” he wrote. “Client claim only included the more aggressive trading account and completely ignored the fact that there was a net gain on total assets managed. Without admitting or denying the allegations in the claim, the parties settled the matter to avoid further time and expenses associated in the matter.”

A third investor complaint, filed in 2011, alleged that as a Liberty Partners representative, he charged excessive fees and recommended investments with a poor return. In 2012 the complaint reached a settlement of $40,000.

According to the Financial Industry Regulatory Authority, Brian Zimmerman holds 31 years of securities industry experience. Based in San Diego, California, he has been registered as a broker and an investment advisor with Independent Financial Group since 2012, doing business as Zimmerman Private Wealth Management. His past registrations include Liberty Partners Financial Services, Andrew Garrett Inc., and Shamrock Partners. His credentials include the passage of five securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Representative Examination, or Series 7; and the General Securities Principal Examination, or Series 24. He holds 14 state licenses. (Information current as of November 16, 2025.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.