WILLIAM ANDREW WIMBERLY is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 1650 LELIA DRIVE, JACKSON, MS, 39216.
WILLIAM ANDREW WIMBERLY has worked at LPL FINANCIAL LLC since November 14, 2008
Disclosure History
WILLIAM ANDREW WIMBERLY has 1 Disclosure Event(s).
Date: May 26, 1998 Category: Customer Dispute Allegations: CUSTOMER CLAIMED THAT HE WAS CHARGED$12,000.00 PER YEAR FOR ADMINISTRATION WORK THAT WAS NEVERCOMPLETED. HE CLAIMED HE WAS WRONGFULLY SOLD AN INSURANCEPOLICY THAT USED UP $30,000.00 (HE CANCELLED POLICY) INSURANCEWAS SOLD THROUGH THE GUARDIAN LIFE INS. CO. HE CLAIMED THATHIS MONEY WAS INVESTED IN TOO MANY DIFFERENT MUTUAL FUNDS THATCOST HIM TOO MUCH IN COMMISSION. MUTUAL FUNDS WERE SOLDTHROUGH INVESTMENT, MANAGEMENT & RESEARCH. Damage Amount Requested: $30,000.00 Broker Comment: NOT PROVIDED. CUSTOMER NEVER PAID $12,000.00 PER YEAR FORADMINISTRATION WORK ON HIS PLAN. TOTAL PAID BY CUSTOMER $6675.00. ANY WORK NOT COMPLETED WAS DUE TO LACK OFCOOPERATION BY HIS OFFICE NOT PROVIDING NECESSARY INFORMATION.THE LIFE INSURANCE POLICY WAS EXPLAINED THOROUGHLY TO HIM.SUBSTANTIAL SAVINGS IN INCOME & ESTATE TAX WOULD HAVE BEENACCOMPLISHED BY KEEPING POLICY IN FORCE. TO PROPERLY DIVERSIFYCUSTOMER'S PORTFOLIO, NOT ONLY BETWEEN ASSET CLASSES, BUT ALSOWITH DIFFERENT INVESTMENT STYLES, SEVERAL DIFFERENT MUTUALFUNDS WERE NEEDED. WE CHOSE FUNDS BASED ON CERTAIN CRITERIA &NOT ALL ARE GOING TO BE IN SOME FAMILY OF FUNDS.THIS COMPLAINT IS NO LONGER REPORTABLE.
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