Pittsburgh Wealth Management Advisor Andrew Pravlik: $100K Complaint

Pittsburgh financial advisor Andrew Pravlik (CRD# 2360456) has received investor complaints alleging negligence and other forms of misconduct. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Pittsburgh Wealth Management Group, offering securities and advisory services through Coastal Equities and Coastal Investment Advisors, respectively.

Mr. Pravlik’s BrokerCheck report discloses two investor complaints. The most recent, filed in November 2021, alleges that as a representative of Prospera Financial Services, he breached his fiduciary duty, breached contract, engaged in negligence, committed fraud, and failed in his supervisory duties in relation to investments in real estate securities. The pending complaint alleges damages of $100,001.

An earlier investor complaint, filed in 2017, alleged that as a Prospera Financial Services representative, Mr. Pravlik recommended unsuitable investments in real estate, insurance, and unit investment trust products. The pending complaint alleges damages of $175,000.

According to the Financial Industry Regulatory Authority, Andrew Pravlik holds 24 years of securities industry experience. Based in Pittsburgh, Pennsylvania, he has been registered with Coastal Equities and Coastal Investment Advisors since 2017. He is a representative of Pittsburgh Wealth Management Group, which offers securities and advisory services through Coastal Equities and Coastal Investment Advisors. His past registrations include Prospera Financial Services (Pittsburgh, Pennsylvania; 2011-2017) and Hefren-Tillotson (Pittsburgh, Pennsylvania; 1996-2009). His credentials include the passage of four securities industry qualifying examinations: 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 is licensed in Arizona, California, Connecticut, Florida, Maine, Maryland, Massachusetts, Michigan, Montana, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, and West Virginia. (Information current as of July 26, 2022.)

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