In a recent development from Addison, Texas, financial advisor Daniel Snover of PMV Capital Advisers has been hit with an investor complaint, alleging misconduct that resulted in significant financial losses. The allegations, totaling over $300,000, find their basis in the Financial Industry Regulatory Authority (FINRA) and Securities and Exchange Commission (SEC) records. Notably, the former broker of Fig Group is now associated with PMV Capital Advisers, taking on a pivotal role within the firm.
Daniel Snover’s Investor Complaint
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The BrokerCheck report, concerning Daniel Snover, reveals a single investor complaint lodged against him. The complaint, brought in August of 2023, asserts claims against Snover on charges of breaching his fiduciary duty during his tenure at PMV Capital Advisers. More specifically, he faces accusations related to recommending unsuitable exchange-traded products, with the pending damages currently set at an eye-watering $383,000.
An Overview of Snover’s Career with PMV Capital
As per PMV Capital’s website, Daniel Snover is not only a significant stakeholder of the firm but also its President and Chief Investment Officer. Snover’s journey includes managing more than $250 million in client assets at Fund Architects LLC, prior to selling the firm to Cabana Asset Management.
Given his roles and achievements, his professional profile at PMV Capital highlights that “Daniel is exceptionally positioned in the wealth management space.” He has earned both the Chartered Financial Analyst (CFA) designation, globally recognized as the highest accreditation in the investment management sector and the Chartered Financial Consultant (ChFC) designation, a known advanced financial planning accreditation.
Daniel Snover: A look at his background
Based on information released by both FINRA and SEC, Snover has been associated with the securities industry for 14 solid years. From 2020 onwards, he has fulfilled his duties as an investment advisor for PMV Capital Advisers. His previous affiliations include various well-known institutions, such as Cabana Asset Management, Cabana Advisors, The Fig Group, NFP Securities, and TransAmerica Financial Advisors.
His professional credentials encompass clearing three crucial securities industry qualifying exams – the General Securities Representative Examination (Series 7); the Securities Industry Essentials Examination (SIE); and the Uniform Combined State Law Examination (Series 66). Moreover, Daniel Snover holds a license to operate within Texas.
This array of designations and achievements, coupled with the current allegation, places Daniel Snover in a unique position within the wealth management space – one of significant achievement, enveloped by a recent cloud of controversy.
To note, if the financial distress caused by an advisor or an investing firm has affected you or a loved one, consider reaching out to Haselkorn & Thibaut. Offering their services across the United States, they can be reached at 1-800-856-3352 or through their online contact form for a free, confidential consultation.
