Haselkorn & Thibaut, a respected national investor advocacy firm, has opened an investigation into Pittsburgh, Pennsylvania financial advisor Edward Morrissey (CRD #1873249), currently registered with Hornor Townsend & Kent and conducting business as Morrissey Wealth Management Services. If you have worked with Mr. Morrissey or have questions about your investments, it’s important to stay informed, understand your rights, and know what to look out for as an investor. Below is a comprehensive, up-to-date overview based on the latest research and regulatory records.
Who Is Edward Morrissey of Hornor Townsend & Kent?
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Edward Morrissey is a seasoned financial advisor based in Pittsburgh, Pennsylvania, holding 37 years of securities industry experience. He is:
- Currently acting as both broker and investment advisor for Hornor Townsend & Kent (d/b/a Morrissey Wealth Management Services)
- Licensed in Florida, New York, Ohio, Pennsylvania, and West Virginia
- Previously affiliated with major firms including LPL Financial, Waddell & Reed, Princor Financial Services, and others
- Qualified having passed the Series 6, 7, 24, 63, and SIE exams
Edward Morrissey brings extensive industry experience, and many investors have relied on his advice in a variety of financial and insurance matters over the past three decades.
Investor Complaint and Potential Red Flags
Investors should be aware that while a long tenure in the financial industry is reassuring in many respects, any record of customer complaints should be taken seriously. Haselkorn & Thibaut has learned that as of March 2026, one recent customer complaint is pending against Mr. Morrissey. This complaint, filed in December 2025, alleges misconduct while Morrissey was a representative of LPL Financial.
The specifics of this unresolved complaint are as follows:
| Date Filed | Status | Allegation | Firm Involved | Alleged Damages |
|---|---|---|---|---|
| December 2025 | Pending | Misrepresentation of material facts linked to an indexed universal life insurance policy; failure to exercise reasonable care | LPL Financial (previous affiliation) | Unspecified |
It is critical for investors to understand that complaints of this nature can indicate potential red flags, such as:
- Possible misrepresentation of complex financial products
- Failing to act in the client’s best interest—potentially a violation of industry standards
- Negligence regarding disclosures, due diligence, or recommending suitable investments
Even a single pending complaint should prompt clients and potential investors to thoroughly review their accounts and consider their options.
Are There Other Regulatory, Legal, or Complaint Issues?
No other regulatory actions, arbitrations, criminal cases, or media-reported issues have been found against Edward Morrissey.
- FINRA BrokerCheck: No disclosures for regulatory actions, settlements, or arbitrations (link for direct check: FINRA BrokerCheck)
- SEC Filings & Orders: No SEC enforcement actions or orders
- Court Records: No federal or state court dockets, lawsuits, or criminal cases
- Media Searches: No news reports of enforcement, disciplinary actions, or customer disputes
- Past Registrations: No known complaints or disclosures during prior registration periods at other firms, including LPL Financial
Why Is Negligence a Concern?
Financial advisors must conduct themselves by the highest standards. As defined by FINRA Rule 2010, representatives are required to “observe high standards of commercial honor and just and equitable principles of trade.” Negligence, such as failing to perform proper due diligence or not following client instructions, could lead to unsuitable recommendations and financial losses.
Though Mr. Morrissey currently has only one known pending complaint, investors must carefully review any advice given, especially involving complex insurance products or accounts that are not performing as expected.
What Should Concerned Investors Do?
- Monitor account statements and product explanations carefully
- Request clear, written communications and document all meetings or advice received
- If you have been recommended an indexed universal life insurance policy or other complex investment, review whether the benefits, costs, and risks were explained fully and whether the recommendations match your risk profile and financial goals
- Be proactive if you notice discrepancies or have suffered losses—take prompt action to secure your rights
Should You Be Worried if Your Advisor Has a Complaint?
One pending complaint is not automatically a sign of widespread problems, but it is your call whether you feel comfortable, especially if your situation seems similar. A high standard in transparency and client service helps protect your wealth and ensure peace of mind.
Haselkorn & Thibaut is currently investigating the situation for investors. If you are a client of Edward Morrissey, or have suffered investment losses under his guidance—especially in relation to complex life insurance products—it pays to get a second opinion.
There is no cost for an initial consultation. Haselkorn & Thibaut offers a confidential review, and operates on a “no recovery, no fee” basis with a 98% success rate and millions recovered for investors nationwide.
Contact Haselkorn & Thibaut directly at 1-888-885-7162 for professional guidance on your specific situation.
Summary Table: Edward Morrissey – Hornor Townsend & Kent (Pittsburgh, PA)
| Advisor Name | Broker-Dealer | CRD Number | Licenses | Years of Experience | Complaints | Regulatory Actions |
|---|---|---|---|---|---|---|
| Edward Morrissey | Hornor Townsend & Kent (Morrissey Wealth Management) |
1873249 | SIE, 6, 7, 24, 63 | 37 | One pending (Dec 2025, product misrepresentation) | None reported |
Your next steps matter. If any of these issues resonate with you—the pending complaint, questions about insurance products, or simply concern about your financial accounts—reach out for clarity and advocacy. Contact Haselkorn & Thibaut today at 1-888-885-7162 for your free and confidential consultation.
Protect what you’ve built. Peace of mind starts with asking the right questions and acting early.
