Hornor Townsend & Kent Fires Goodyear Advisor Chip Wodrich

Former Goodyear, Arizona financial advisor Chip Wodrich (CRD# 2715728) was fired by his former member firm in connection with alleged rule violations. Financial Industry Regulatory Authority records show that he was a broker with Hornor Townsend & Kent, doing business as Prolific Financial Solutions.

Hornor Townsend & Kent fired Mr. Wodrich in August 2022, according to a disclosure in his BrokerCheck report. The firm allegedly terminated his registration in connection with allegations that he used an unapproved email address to communicate with clients, used discretion in client accounts, and failed to timely forward a customer complaint.

Mr. Wodrich’s BrokerCheck report discloses three investor complaints. The most recent, filed in May 2022, alleged that he sold an unsuitable exchange-traded fund investment while at Hornor Townsend & Kent. In August 2022 the complaint reached a settlement of $17,000.

A second investor complaint, filed in 2002, alleged he omitted material facts regarding a variable annuity investment sold while he was at Thrivent Investment Management. In 2003 the complaint reached a settlement of $12,793.

A third investor complaint, filed in 2002, similarly alleged he failed to disclose information regarding a variable annuity product. In 2003 the complaint reached a settlement of $14,419.45.

According to the Financial Industry Regulatory Authority, Chip Wodrich holds 26 years of securities industry experience. Most recently based in Goodyear, Arizona, he was a broker with Hornor Townsend & Kent from 2013 until 2016. He did business as Prolific Financial Services. His past registrations include Brokers International Financial Services (Goodyear, Arizona; 2011-2013), Equitrust Marketing Services (Buckeye, Arizona; 2005-2011), and Thrivent Investment Management (Minneapolis, Minnesota; 1996-2005). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7, 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 currently holds no state licenses. (Information current as of October 16, 2022.)

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