Patrick Louise, Woodstock Financial Advisor Allegedly Sold Unsuitable Variable Annuities
Patrick Louise, a financial advisor based in Woodstock, Illinois, finds himself at the center of an investor complaint alleging unsuitable investment losses. This complaint, filed in March 2024, specifically targets his role in recommending variable annuity investments while associated with LPL Financial, doing business as Fraser Wealth Management.
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The Complaint: Allegations and Damages
The pending complaint against Patrick Louise claims damages amounting to a staggering $2 million. It alleges that the variable annuity investments he recommended were unsuitable for the client’s financial situation and investment losses.
In response, Louise has vehemently denied any broker misconduct, stating, “All recommendations made to claimant were suitable and within claimant’s investment objectives.”
Patrick Louise’s Professional Background
- Registered with LPL Financial as a broker since 2012 and an investment advisor since 2017, operating under the Fraser Wealth Management brand.
- Previously associated with Fifth Third Securities in Woodstock from 2010 to 2012.
- Holds 13 years of securities industry experience.
- Licensed in multiple states, including California, Florida, Illinois, Nevada, New Mexico, South Carolina, Tennessee, Texas, Wisconsin, and Wyoming.
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Fraser Wealth Management’s Endorsement
Fraser Wealth Management’s website features a profile of Patrick Louise, describing him as the firm’s Vice President and highlighting his experience in banking. The profile states, “Patrick’s work ethic, integrity, and relationship skills were instrumental in his success with this firm. His banking background gives him a holistic perspective to financial services. Patrick’s skills translate well into serving the income needs of those in or near retirement as is the specialty of Fraser Wealth Management.”
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Safeguarding Your Financial Future: When to Seek Legal Assistance
Investing is a complex endeavor, and even the most seasoned investors can find themselves in precarious situations due to the actions of financial advisors or investment firms. If you have suffered significant investment losses in your investment portfolio, it is crucial to take proactive steps to protect your financial interests and seek legal recourse.
At Meyer Wilson, we understand the emotional and financial toll that investment losses can take on individuals and families. Our team of dedicated attorneys specializes in representing investors nationwide who have been victims of fraud, negligence, or broker misconduct by financial advisors or investment firms.
Navigating the Legal Landscape
The world of finance and investments is governed by a complex web of regulations and laws. Attempting to navigate this intricate landscape alone can be daunting and overwhelming. By partnering with a reputable law firm like Meyer Wilson, you gain access to a wealth of knowledge and expertise in securities litigation.
Our attorneys possess a deep understanding of the nuances involved in investment-related disputes, enabling them to provide comprehensive legal guidance and representation. Whether you have fallen victim to unsuitable investment recommendations, unauthorized trading, or any other form of financial misconduct, we are well-equipped to advocate on your behalf.
Take Action Today
If you have suffered investment losses due to the actions of a financial advisor or investment firm, it is imperative to act swiftly. The legal process can be complex, and time is often of the essence. By seeking legal assistance from Meyer Wilson, you can ensure that your rights are protected and that you have the best chance of recovering your losses.
Don’t hesitate to take the first step towards safeguarding your financial future. Contact Meyer Wilson at 866-938-2021 or visit investorclaims.com to schedule a free and confidential consultation. Our team of experienced attorneys is ready to listen to your story and provide you with the guidance and representation you deserve.
Written By: Courtney Werning
Recovering Losses Caused by Investment Misconduct.