Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has opened an independent investigation into Andy Martz (CRD# 5118326), a financial advisor based in Southlake, Texas, currently registered with LPL Financial and doing business as WIS Advisors. Our firm’s investigation focuses on potential red flags, past customer complaints, and regulatory matters related to Mr. Martz’s investment recommendations. If you have worked with Andy Martz or suffered losses involving LPL Financial or WIS Advisors, we urge you to review this report carefully and contact us for a confidential, free consultation at 1-888-885-7162.
Background: Andy (Andrew) Martz, LPL Financial, Southlake, Texas
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Andy Martz is a registered broker and investment adviser with 18 years of securities industry experience. Based in Southlake, Texas, he is associated with LPL Financial and does business as WIS Advisors, one of the nation’s largest independent broker-dealers. His career history includes prior registrations with Western International Securities, J.P. Morgan Securities, Chase Investment Services, First Investors Corporation, and Laidlaw & Company. He holds multiple industry qualifications, including the Series 7, Series 66, and Securities Industry Essentials (SIE) exams, and maintains 35 state licenses.
Given his background and broad licensure, Mr. Martz is subject to securities laws and regulations, including the SEC’s Regulation Best Interest (Reg BI), which requires that recommendations be made in the best interest of the client based on that client’s particular circumstances. Any failure to comply with these obligations may support investor claims.
Summary Table: Andy Martz, LPL Financial (WIS Advisors)
| Advisor Name | Andy Martz (also known as Andrew Martz) |
|---|---|
| CRD Number | 5118326 |
| Broker-Dealer | LPL Financial |
| DBA | WIS Advisors |
| Location | Southlake, Texas |
| Years of Experience | 18 |
| State Licenses | 35 |
| Current Registration Status | Active |
Documented Complaints and Allegations Against Andy Martz
Investors should be aware of potential red flags in an advisor’s record. As part of our ongoing investigation, we reviewed Andy Martz’s FINRA BrokerCheck disclosures and other publicly available sources.
- March 2026: $50,000 Settlement — Alleged Reg BI Violation (LPL Financial / WIS Advisors)
An investor filed a complaint alleging that Mr. Martz, while acting as a representative of LPL Financial, violated Regulation Best Interest (Reg BI) in connection with a recommendation to purchase corporate bonds. The claim asserted that the investment was not in the client’s best interest. The matter was reportedly resolved through a settlement of $50,000. - 2014: Alleged Misrepresentation (J.P. Morgan Securities)
A prior complaint from 2014 accused Mr. Martz of making material misrepresentations regarding a variable annuity investment while at J.P. Morgan Securities. The alleged damages were $26,000. The claim was denied.
According to publicly available information referenced in this report, there are no other disclosed customer complaints, regulatory actions, lawsuits, or disciplinary matters identified for Andy Martz through the sources reviewed.
Understanding Regulation Best Interest and Investor Protections
Regulation Best Interest is a federal rule that requires broker-dealers and their registered representatives to:
- Recommend only investments that are in the best interest of their retail customers;
- Place client interests ahead of their own or the firm’s interests;
- Disclose material conflicts of interest, financial incentives, or other factors that could affect their advice; and
- Exercise reasonable diligence, care, and skill in making recommendations.
Potential violations of these obligations, including unsuitable or conflicted recommendations, may provide a basis for investors to seek recovery of losses.
Our Approach to Recovering Investor Losses
Our attorneys are former Wall Street defense counsel and use that experience to pursue recovery for harmed investors. Haselkorn & Thibaut has been recognized with distinctions including Martindale-Hubbell AV Preeminent and Super Lawyers. The firm reports 95+ years of combined National Securities experience and a strong record of results across investor claims involving securities matters.
We represent retirees, professionals, families, and other investors who believe they were harmed by investment misconduct. You pay nothing unless we recover for you—no recovery, no fee.
What Should You Do If You Invested with Andy Martz or LPL Financial?
If you or someone you know worked with Andy Martz at LPL Financial or WIS Advisors, especially if you experienced losses tied to bond purchases or other questionable investment recommendations, consider taking the following steps:
- Gather account statements, trade confirmations, and written communications relating to your investments and your adviser;
- Review your BrokerCheck record for disclosures or updates; and
- Contact our attorneys for a no-cost, no-obligation review of your situation.
Our Investigation Is Ongoing — Protect Your Rights Now
Haselkorn & Thibaut’s investigation into Andy Martz and recommendations made through LPL Financial and WIS Advisors remains ongoing. We encourage Texas investors and clients Nationwide-investor-losses/”>Nationwide-investor-losses/”>Nationwide to come forward if they have concerns or losses tied to this adviser or related products.
Deadlines may limit your ability to pursue recovery, so it is important to act promptly. Our team is available to listen to your experience, answer your questions, and evaluate your potential claims. Your privacy and interests remain a priority throughout the process.
Call our attorneys today at 1-888-885-7162 for a free, confidential consultation.
