Haselkorn & Thibaut, a national investment fraud law firm, has initiated an investigation into William Andrew Grundig, a financial advisor presently registered with Kestra Investment Services, LLC. Investors who have worked with Mr. Grundig or are currently clients should be aware of recent complaints, past settlements, and regulatory activity associated with his career. With more than 50 years of combined experience and a 98% success rate, Haselkorn & Thibaut stands ready to help investors recover potential losses. Schedule a free, confidential consultation today at 1-888-994-8066.
Who is William Andrew Grundig? Background & Registration
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William Andrew Grundig (CRD#: 2589507) is a financial advisor and broker based in Freehold, New Jersey, currently affiliated with Kestra Investment Services, LLC and Kestra Advisory Services, LLC. He’s also connected with Dynasty Advisors LLC as an owner. Mr. Grundig has worked in the industry since 1995 and is registered to conduct business in multiple states.
| Field | Details |
|---|---|
| Name | William Andrew Grundig |
| CRD Number | 2589507 |
| Current Broker-Dealer | Kestra Investment Services, LLC |
| Previous Broker-Dealer | Commonwealth Financial Network (2016–2025) |
| Other Employers | Securities America, Inc.; Multi-Financial Securities; J.P. Turner; Global Capital Securities; Stratton Oakmont, Inc. |
| Industry Tenure | Since 1995 |
Mr. Grundig holds the Series 7, 63, 66, and SIE registrations and is licensed to provide investment services in 15 states/territories.
Customer Complaints and History
Understanding an advisor’s past legal and regulatory concerns helps you make informed decisions about your investments. Below is a complete list of current and past investor complaints filed against William Grundig, along with the related outcomes:
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Pending FINRA Arbitration (2025) – Case No. 25-01455
In July 2025, a customer of Commonwealth Financial Network filed a claim in FINRA arbitration alleging unsuitable investment recommendations regarding stocks within their portfolio. The specific dollar amount of damages claimed has not yet been specified. As of this writing, this dispute remains active and unresolved. -
NASD Case No. 97-04353 (Settled 1998)
While at The J.B. Sutton Group, the customer alleged unauthorized trading, breach of fiduciary duty, and breach of contract. The matter was settled with a payment of $35,000 to the customer. -
NASD Arbitration No. 99-05196 (Settled 2001)
Another customer at the same firm raised concerns regarding unsuitable recommendations in over-the-counter (OTC) equities. This complaint was also settled, with a payout of $20,000 to the client.
Types of Allegations Explained
- Unsuitable Investment Recommendations: Advisors have a duty to recommend products and strategies aligned with a client’s goals, financial situation, and risk tolerance. Unsuitable advice can result in preventable losses.
- Unauthorized Trading: This occurs when securities are traded without a client’s prior consent or authorization, violating both firm policies and regulatory standards. FINRA Rule 3260 sets out specific requirements for discretionary trading authority.
- Breach of Fiduciary Duty: Advisors are obligated to act in their clients’ best interests at all times. Breaches include neglecting duties of care, loyalty, or good faith, potentially causing economic harm.
- Breach of Contract: This involves a failure to uphold the terms agreed upon in investment account documents, which may include improper handling of account assets or execution of non-agreed trades.
What These Complaints Mean for Investors
For investors, the presence of multiple customer disputes—some involving settlements in the tens of thousands—serves as a signal to carefully review their own accounts and experiences. Past settlements and open cases suggest that some clients might not have received advice or service consistent with regulatory expectations.
Common red flags for investors to watch for include:
- Unexplained losses or unexpected investments in your account
- Trades made without your express consent
- Recommendations that do not align with your financial goals or risk comfort
- Poor communication or reluctance to provide thorough documentation
How Haselkorn & Thibaut Can Help
Haselkorn & Thibaut is a nationwide investment fraud law firm with a stellar track record—helping thousands of investors recover their losses from improper conduct by brokers and advisory firms. Our attorneys have over 50 years of combined experience, a 98% success rate, and have recovered millions of dollars on behalf of clients. If you have noticed suspicious activity or believe you received improper advice from Mr. Grundig or his affiliated broker-dealers (including Kestra Investment Services or Commonwealth Financial Network), it is critical to take action as soon as possible.
Our process is straightforward and completely risk-free. We offer a confidential case review at no cost—and operate strictly on a contingency fee basis. You pay nothing unless we recover funds for you.
Take Action: What Should You Do Next?
- Review all of your account statements and written communications with William Grundig and his firms.
- Document any unauthorized trades, unsuitable product recommendations, or advice that felt contrary to your interests.
- Call Haselkorn & Thibaut at 1-888-994-8066 for your free, private consultation today.
Your story matters. Seeking legal guidance does not have to be stressful or costly, and many investors are surprised by how much they can recover through regulatory arbitration or private settlements. Our experienced attorneys at Haselkorn & Thibaut understand both the complexity and the emotional toll of these cases. We are here to partner with you every step of the way—always professional, always empathetic, and always putting your interests first.
If you lost money working with William Andrew Grundig or have questions about your investment account, reach out now. Call 1-888-994-8066 for a free assessment. We are ready to listen and help you seek justice.
