Brett Arthur Hartvigson, Broker with Independent Financial Group, Named in Multiple Customer Disputes Alleging Overconcentration

The customer is seeking $580k in damages for Hartvigson’s alleged misconduct.

Brett Arthur Hartvigson (CRD#: 2263087) is registered as a broker and investment adviser with Independent Financial Group, where he has been employed since 2009. Previously, Hartvigson was registered as a broker and investment adviser with LPL Financial from 2006 until 2009.

Hartvigson has seven disclosures on his BrokerCheck report. 

September 2020 Customer Dispute

• Status: Pending
• Allegations: Alleges overconcentration in alternative investments
• Damage Amount Requested: $580,000.00
• Broker Comment: Allegations are not supported by client information and documentation. Firm/rep intend to defend the matter as without merit.

February 2017 Financial Judgment

• Status: Final
• Type: Compromise
• Disposition: Settled

March 2016 Financial Judgment

• Status: Final
• Type: Compromise
• Disposition: Settled for Less

March 2009 Employment Separation After Allegations

• Firm Name: LPL Financial
• Termination Type: Discharged
• Allegations: Discharge for circumventing firm policy in relation to variable annuity transactions.

February 2007 Customer Dispute

• Status: Settled
• Allegations: Family member complained on behalf of customer about the loss of liquidity when assets in brokerage account were moved to purchase fixed annuities and life insurance.
• Damage Amount Requested: $100,000.00
• Settlement Amount: $11,182.57
• Broker Comment: Incident was never substantiated by client, and settled for less than 12% of initial claim. Thrivent Financial (not Brett Hartvigson) was unable to provide documentation to substantiate a zero sum response, as was their responsibility– Mr. Hartvigson had changed BD affiliation over a year prior to the time of the registered complaint.

July 2004 Customer Dispute

• Status: Settled
• Allegations: Customer alleges that he was not informed of the risk involved in purchasing his variable universal life contract on 9/28/1997. Firm found no basis for allegation but made a goodwill offer to complainant.
• Damage Amount Requested: $36,000.00
• Settlement Amount: $750.49

July 2002 Customer Dispute

• Status: Settled
• Allegations: Suitability of product/individual contribution amount incorrectly listed premiums paid by member; has been updated to reflect $0
• Damage Amount Requested: $14,448.80
• Settlement Amount: $65,054.51
• Broker Comment: Reversed purchase of variable universal life product and refunded $65,054.51. Mr. Hartvigson was present at 1 meeting with the client and was not present at the point-of-purchase. He was brought in as a senior agent by a newer advisor to observe her work. When the complaint was registered over 3 years post-vul sale, Mr. Hartvigson had moved to CA and the newer advisor had left the industry. The local WA agency could not locate the meeting documentation as was their responsibility, yet Thrivent elected to settle and make a full refund to client.

Contact Us Today

The Sonn Law Group is currently investigating allegations surrounding Brett Arthur Hartvigson. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.