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John Ulwick: Oil & Gas Complaint Against Integrated Wealth Advisor
Waltham, Massachusetts financial advisor John Ulwick (CRD# 1758865) has received an investor complaint detailing allegations concerning an oil and gas investment. Financial Industry Regulatory Authority records show that he is a broker and investment advisor with LPL Financial and Integrated Wealth Concepts, doing business as Integrated Financial Partners. He was formerly a representative of Lincoln Financial Advisors.
Mr. Ulwick’s BrokerCheck report discloses two investor complaints. The most recent, filed in April 2022, alleges that as a representative of Lincoln Financial Advisors Corporation, he recommended an unsuitable oil and gas investment. The pending complaint alleges unspecified damages believed to be greater than $5,000.
In a statement on the pending complaint’s disclosure, Mr. Ulwick defended himself against the allegations. “This investment was suitable for the client at the time of the purchase,” he wrote, adding that the customers were “experienced and knowledgeable investors” with experience investing in alternative products. “In fact, they had done quite well in these investments, realizing significant profits,” he commented, concluding: We discussed the risks involved with this investment and they had full disclosure, which they acknowledged in the paperwork they signed.”
An earlier investor complaint, filed in 2015, alleged that as a representative of Lincoln Financial Advisors, he recommended an unsuitable real estate investment trust (REIT). The complaint alleged unspecified damages believed to exceed $5,000 and was denied by the firm.
According to the Financial Industry Regulatory Authority, John Ulwick holds 34 years of securities industry experience. Based in Waltham, Massachusetts, he has been a broker and investment advisor with LPL Financial and Integrated Wealth Concepts since 2016, doing business as Integrated Financial Partners. His past registrations include Lincoln Financial Advisors Corporation (Waltham, Massachusetts; 2008-2016), Ameriprise Financial Services (Waltham, Massachusetts; 1989-2008), IDS Life Insurance Company (Minneapolis, Minnesota; 1989-2006), and John Hancock Distributors (Boston, Massachusetts; 1987-1989). His credentials include the passage of seven securities industry qualifying examinations: the General Securities Principal Examination, or Series 24; the Municipal Securities Principal Examination, or Series 53; the Registered Options Principal Examination, or Series 4; the General Securities Representative Examination; 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 Investment Adviser Law Examination, or Series 65. He is licensed in California, Colorado, Connecticut, Florida, Georgia, Maine, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New York, Ohio, Rhode Island, South Carolina, and Virginia. (Information current as of July 22, 2022.)
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