Tony Szymborski NettWorth Advisor Received $211K Complaint

A recent, denied investor complaint against Wauwatosa, Wisconsin financial advisor Tony Szymborski (CRD# 4131253) alleged that his advice resulted in damages exceeding $200,000. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Cambridge Investment Research, doing business as NettWorth Financial Group.

Mr. Szymborski’s BrokerCheck report discloses two investor complaints. The most recent, filed in 2023, alleged that as a representative of Cambridge Investment Research, he “provided incorrect advice relating to a variable annuity.” The complaint alleged damages of $211,000 and was denied by the firm.

An earlier investor complaint, filed in 2008, alleged that as a representative of FSC Securities Corporation, he did not disclose the tax consequences of annuity withdrawals. The complaint alleged damages of $5,000 and was denied by the firm.

NettWorth Financial Group’s website includes a profile of Mr. Szymborski that describes his background and experience. “Tony’s experience includes 20+ years in the industry, working with hundreds of clients to help build and execute comprehensive retirement plans,” it states. “Prior to joining NettWorth Financial Group, Tony enjoyed time at both Bank One and Morgan Stanley.” Elsewhere, the firm describes its services, including retirement planning and portfolio analysis. “We’ll help you plan for a happy and fulfilling retirement,” explains the former section. “From expense analysis to income planning, from investment planning to income continuation, we’ve got you covered.”

According to the Financial Industry Regulatory Authority, Tony Szymborski holds 24 years of securities industry experience. Based in Wauwatosa, Wisconsin, he has been registered as a broker and an investment advisor with Cambridge Investment Research since 2019, doing business as NettWorth Financial Group. His past registrations include FSC Securities Corporation, Banc One Securities Corporation, Merrill Lynch, Morgan Stanley, and WMA Securities. His credentials include the passage of six securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; 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 Alabama, Arkansas, Colorado, Florida, Illinois, Ohio, and Wisconsin. (Information current as of June 6, 2024.)

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