Addison, Texas financial advisor Daniel Snover (CRD# 5161189) recently received an investor complaint alleging his conduct resulted in losses exceeding...Read More
Alan Pershing: West Advisory Group Rep’s Client Listed as GWG Creditor
At least one current or former client of Pittsburgh financial advisor Alan Pershing (CRD# 5942850) is listed in US bankruptcy court records as a creditor for an investment in GWG L bonds. Filed in Texas, the records describe an investment of more than $115,000. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that Mr. Pershing is an investment advisor with Brookstone Capital Management and Milestone Asset Management, as well as a consultant with West Advisory Group.
GWG Holdings filed for Chapter 11 bankruptcy in April 2022. The Dallas-based firm was known for its “L bond” products, for which it raised investor funds to purchase life insurance policies on the secondary market, with the purpose of repaying investors when the policy owners passed away. These investments may have been unsuitable for some investors, including investors with low risk tolerances and limited investment experience. More information about them can be found at our investor resource.
According to the Financial Industry Regulatory Authority and Securities and Exchange Commission, Alan Pershing holds seven years of securities industry experience. Based in Pittsburgh, Pennsylvania, he has been an investment advisor with Milestone Asset Management since 2021 and with Brookstone Capital Management since 2018. He has also been a financial consultant with West Advisory Group since 2018. His registration history includes PNC Investments (Harmar, Pennsylvania; 2012-2014) and Morgan Stanley (Pittsburgh, Pennsylvania; 2011-2012). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Uniform Combined State Law Examination, or Series 66; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Pennsylvania. (Information current as of June 19, 2023.)
Carlson Law has represented at least nine investors in claims against their financial advisors for investments in GWG Holdings Inc. 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.