James Studinger: JPStudinger Advisor Faces Suitability Complaint

Bloomfield Hills, Michigan financial advisor James Studinger (CRD# 2725496) recently received an investor complaint alleging that he recommended unsuitable investments. Financial Industry Regulatory Authority records show that he is registered as a broker with Kestra Investment Services and an advisor with Kestra Advisory Services, doing business as JPStudinger Group.

Mr. Studinger’s BrokerCheck report discloses one investor complaint. Filed in February 2024, it alleges that as a representative of Kestra Investment Services, he recommended unsuitable direct investment products. The pending complaint alleges damages of at least $5,000.

JPStunger Group’s website includes a profile of Mr. Studinger in which he describes his own background and his firm’s approach to wealth management. “We understand what it takes to be financially independent and we work individually with all of our clients to help them achieve their optimal balance,” he states. “I believe it is important for a financial advisor to be intimately aware of the investments they utilize, and therefore I personally build all my portfolios. I also believe in being up to date with economic activity, especially in this abnormal era we are in today.”

According to the Financial Industry Regulatory Authority, James Studinger holds 27 years of securities industry experience. Based in Bloomfield Hills, Michigan, he has been a broker and an investment advisor with Kestra since 2002 and 2016, respectively, doing business as JPStudinger Group. His past registrations include NFP Advisor Services (Austin, Texas; 2010-2016), Linsco/Private Ledger Corporation (Fort Mill, South Carolina; 2001-2002), Hantz Financial Services (Southfield, Michigan; 1999-2001), Vestax Securities Corporation (Hudson, Ohio; 1997-1999), Concord Brokerage Services (Boston, Massachusetts; 1997), American Express Financial Advisors (Minneapolis, Minnesota; 1996-1997), and IDS Life Insurance Company (Minneapolis, Minnesota; 1996-1997). His credentials include the passage of four securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in California, Colorado, Florida, Georgia, Indiana, Kansas, Maine, Massachusetts, Michigan, New Hampshire, North Carolina, South Carolina, Texas, Washington, and Wisconsin. (Information current as of March 30, 2024.)

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