Chris Weismiller: Did Directional Wealth Advisor Sell GWG L Bonds?

At least two current or former customers of IFP Securities financial advisor Chris Weismiller (CRD# 5360051) are listed in public records as creditors for investments in GWG L bonds and/or preferred stock. Filed with a bankruptcy court in Texas, these records disclose investments of $300,000 in total. Financial Industry Regulatory Authority records show that the Tampa financial advisor does business as Directional Wealth Management.

GWG Holdings reportedly declared bankruptcy in April 2022 after experiencing various financial difficulties and receiving scrutiny from the Securities and Exchange Commission, which later announced charges against broker-dealer firm Western International Securities in connection with the firm’s sales of GWG L bonds. As their prospectus states, these products involved significant risks, and were likely not suitable for inexperienced and/or conservative investors. More information is available here.

According to the Financial Industry Regulatory Authority, Chris Weismiller holds 14 years of securities industry experience. Based in Tampa, Florida, he has been a broker with IFP Securities since 2019 and an investment advisor with Independent Financial Partners since 2018. He does business as Directional Wealth Management. His past registrations include LPL Financial (Tampa, Florida; 2019), Strategic Advisers (Clearwater, Florida; 2012-2017), Fidelity Brokerage Services (Clearwater, Florida; 2009-2017), Morgan Stanley Smith Barney (Jericho, New York; 2009), and Citigroup Global Markets (Jericho, New York; 2007-2009). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Florida, Louisiana, and North Carolina. (Information current as of June 25, 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.