Edward Morrissey: Hornor, Ex-LPL Advisor Faces Complaint

Pittsburgh, Pennsylvania financial advisor Edward Morrissey (CRD# 1873249) recently received an investor complaint alleging that his conduct violated industry rules. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Hornor Townsend & Kent, doing business as Morrissey Wealth Management Services.

Mr. Morrissey’s BrokerCheck report discloses one recent investor complaint. Filed in December 2025, it alleges that as a representative of LPL Financial, he misrepresented material facts regarding an indexed universal life insurance policy and failed to exercise reasonable care. The pending complaint alleges unspecified damages.

Investors should be aware that brokers must uphold a duty of care to act in the best interests of their clients. Brokers are considered to have acted negligently when they fail to uphold this duty. Negligence generally takes the form of a registered representative doing something that a reasonably prudent advisor would not do under similar circumstances. Alternatively, it might take the form of the representative not doing something that a reasonably prudent advisor would do under similar circumstances. Negligence might look like a broker failing to perform adequate due diligence and consequently recommending unsuitable investments; a broker failing to diversify a client’s portfolio; a broker failing to follow a client’s instructions; and more. Such lapses may be considered a violation of FINRA Rule 2010, under which registered representatives are required to “observe high standards of commercial honor and just and equitable principles of trade” as they conduct their business. Representatives who act negligently may be held liable in the event of losses and/or subject to disciplinary action by securities regulators.

According to the Financial Industry Regulatory Authority, Edward Morrissey holds 37 years of securities industry experience. Based in Pittsburgh, Pennsylvania, he has been registered as a broker and an investment advisor with Hornor Townsend & Kent since 2022 and 2023, respectively, doing business as Morrissey Wealth Management Services. His past registrations include LPL Financial, Waddell & Reed, Princor Financial Services Corporation, New England Securities, Lincoln Financial Advisors, Princor Financial Services, MONY Securities Corporation, Pruco Securities Corporation, the Prudential Life Insurance Company of America, MetLife Securities, and the Metropolitan Life Insurance Company. His credentials include the passage of five securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Securities Agent State Law Examination, or Series 63; and the General Securities Principal Examination, or Series 24. He is licensed in Florida, New York, Ohio, Pennsylvania, and West Virginia. (Information current as of March 22, 2026.)

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