Mark VanderHagen: Wealth Advisors Group Faces $115K Complaint

A recent investor complaint against Fort Wayne, Indiana financial advisor Mark VanderHagen (CRD# 1634101) alleges that he provided misleading information regarding an investment. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former Purshe Kaplan Sterling broker is currently an investment advisor with Wealth Advisors Group.

Mr. VanderHagen’s BrokerCheck report discloses one investor complaint. Filed in March 2024, it alleges that as a representative of Wealth Advisors Group, he misrepresented the liquidity of a private placement investment between March 2010 and March 2024. The pending complaint alleges damages of $115,000.

Wealth Advisors Group’s website includes a profile of Mr. VanderHagen that describes him as the firm’s president. “[A]s a Certified Financial Planner® and an Accredited Investment Fiduciary®, he’s seen generations of clients benefitting from the professional expertise Wealth Advisors Group has provided them,” it states. “He’s also had the joy of hiring some of the most talented individuals in the region—and then watching them grow even more. All the while, he has refined the firm’s processes to deliver optimal results and cultivated a culture of people who have a heart to serve.”

According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Mark VanderHagen holds 36 years of securities industry experience. Based in Fort Wayne, Indiana, he has been registered with Wealth Advisors Group since 1999. His past registrations include Purshe Kaplan Sterling Investments (Fort Wayne, Indiana; 2017-2018), LPL Financial (Fort Wayne, Indiana; 1993-2018), Phoenix Equity Planning Corporation (Hartford, Connecticut; 1991-1993), and American Express Financial Advisors (Minneapolis, Minnesota; 1987-1991). His credentials include the passage of five 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; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Indiana and Texas. (Information current as of April 6, 2024.)

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