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Expert Review

Jon Vigi: Exposed with the Hidden Fees, Disclosures & Lawsuits (Update 2024)

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Who is Jon Vigi (CRD#: 1083867)?Everything you need to know about Jon Vigi and their accolades

Jon Vigi is currently employed at the UBS Private Wealth Management Group, a Chicago-based organization with regional offices in Birmingham and Detroit, as a Private Wealth Advisor. Jon has many years of expertise as a financial partner.

This exclusive group of financial advisors is certified and possesses the extensive knowledge required to meet the needs of ultra-high-net-worth customers and their families. Jon works at the UBS Private Wealth Management facility in Birmingham, Michigan.

Jon has built up a wealth of personal experience working with a small, select group of intergenerational, ultra-high-net-worth families throughout his career. He specializes in working with business owners, family offices, family foundations, endowments, and corporate leaders.

Jon’s accessibility and dedication to service are the cornerstones of each of his partnerships since he is dedicated to comprehending the complexity of his clients’ industries.

Jon graduated from Albion College with a BA in Economics. He has participated on numerous strategic leadership and business advisory committees and is a member of the Investment Management Consultants Association. Jon has also taken executive classes at Harvard, Princeton, and Wharton where he studied advanced economic and management theory.

For many years, Jon has been actively involved in his church, as well as in charitable contributions and time commitments. Jon has participated in mentoring inner-city students by nurturing their growth through their high school years and beyond while working as an advocate for numerous regional organizations and foundations.

He and his loving wife Betsy have two adorable granddaughters, Orlando and Rosie, as well as three lovely children, Lea, Jon, and Dan. Jon spends his summers at Walloon Lake and at Oakland Hills Country Club, where he is a member. Currently, Bloomfield Hills, Michigan, is home to Jon and Betsy.

In this article, we will go deep into Jon Vigi’s past, discovering hidden disclosures and analyzing the consequences of the lawsuits.

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About FIRM:History, achievements, leadership, lawsuits, & disputes

What is UBS Financial Services?

UBS Financial Services is a global financial services company that provides a wide range of financial products and services to individuals, corporations, and institutions. The company has a long history in the financial services industry, dating back to its founding in Switzerland in 1862. Today, UBS is one of the largest and most well-known financial institutions in the world, with a presence in over 50 countries and a vast network of clients.

The primary goal of UBS Financial Services is to help clients achieve their financial objectives through a combination of expert advice, innovative solutions, and exceptional service. The company prides itself on its ability to provide tailored solutions to meet the unique needs of each client, whether they are looking to build wealth, preserve capital, or generate income. In this article, we will explore the various products and services offered by UBS Financial Services, as well as discuss some of the investment options available to clients.

One of the key factors that set UBS Financial Services apart from other financial institutions is its commitment to client satisfaction. The company believes that by putting the needs of its clients first and maintaining a strong focus on ethical business practices, it can build long-lasting relationships and create lasting value for both its clients and the company itself. This approach has helped UBS Financial Services establish itself as a trusted partner to clients around the world, and it continues to drive the company’s success today.

UBS Financial Services Products and Services

UBS Financial Services offers a comprehensive range of financial products and services designed to meet the diverse needs of its clients. These offerings can be broadly categorized into four main areas: wealth management, asset management, investment banking, and retail banking.

Wealth Management

Wealth management is a core focus of UBS Financial Services, and the company provides a wide range of solutions to help clients manage their wealth effectively. These services include financial planning, investment management, estate planning, and tax planning. UBS Financial Services also offers specialized services for high-net-worth individuals and families, such as philanthropy and family office services.

Asset Management

Asset management services from UBS Financial Services are designed to help clients maximize their investment returns while managing risk. The company offers a variety of investment solutions, including equities, fixed-income, real estate, and alternative investments. UBS Financial Services also provides customized solutions to meet the specific needs of institutional clients, such as pension funds and endowments.

Investment Banking

UBS Financial Services’ investment banking division provides a range of services aimed at helping clients raise capital, manage risk, and execute transactions. These services include mergers and acquisitions advisory, debt and equity capital markets, and corporate lending. The company also offers research and analytics to help clients make informed investment decisions.

Retail Banking

In addition to its wealth management and investment banking services, UBS Financial Services also operates a retail banking division. This division offers a variety of banking products and services to individual clients, such as checking and savings accounts, credit cards, mortgages, and personal loans.

UBS Financial Services Investment Options

When it comes to investing, UBS Financial Services offers a wide range of options to help clients achieve their financial goals. These options can be broadly categorized into three main areas: traditional investments, alternative investments, and structured products.

What is a Financial Advisor?

A financial advisor is a specialist who offers professional financial advice to people looking to accomplish particular financial goals. You work with a financial advisor to develop a thorough financial plan that is specific to your situation, much like you would hire an architect to construct the blueprint for your home. Understanding your existing financial condition, including your income, costs, savings, and spending patterns, is a requirement for this collaboration.

Traditional Investments

Traditional investments offered by UBS Financial Services include equities, fixed income, and mutual funds. Clients can choose from a variety of investment strategies and styles, such as value, growth, or income-focused approaches. The company also offers access to a global network of investment managers, allowing clients to diversify their portfolios across different geographies and sectors.

Alternative Investments

Alternative investments are designed to provide clients with additional diversification and potential sources of return that may not be available through traditional investment channels. UBS Financial Services offers a range of alternative investment options, including hedge funds, private equity, real estate, and commodities. These investment options are typically available to qualified investors, such as high-net-worth individuals and institutions.

Structured Products

Structured products are financial instruments that combine various elements, such as derivatives and traditional securities, to create unique risk-return profiles tailored to specific investor needs. UBS Financial Services offers a wide range of structured products, including equity-linked notes, principal-protected notes, and structured funds. These products can help clients enhance their returns, manage risk, or achieve specific investment objectives.

UBS Financial Services Lawsuit

While UBS Financial Services is a well-respected financial institution, it is important to note that the company has faced legal issues in the past. One notable example is the lawsuit filed against the company in 2008 by the U.S. Securities and Exchange Commission (SEC) for alleged fraud related to the sale of auction-rate securities.

The SEC alleged that UBS Financial Services had misled customers by falsely representing that auction rate securities were safe, liquid investments when, in fact, the market for these securities had become increasingly illiquid. As a result, many investors were unable to sell their auction-rate securities, resulting in significant losses.

UBS Financial Services ultimately settled the lawsuit in 2008, agreeing to repurchase an approximately 150 million fine. The company also implemented a series of internal reforms to improve its risk management and compliance processes.

SEC Fraud Charges

In addition to the auction rate securities lawsuit, UBS Financial Services has faced other legal issues related to securities fraud. In 2015, the company settled with the SEC for $19.5 million over allegations that it had failed to adequately disclose the risks associated with complex mortgage-backed securities it sold to investors between 2011 and 2014. The company neither admitted nor denied the allegations as part of the settlement.

Potential clients need to be aware of these past legal issues when considering working with UBS Financial Services. While the company has taken steps to address these issues and improve its internal processes, investors should carefully evaluate their options and weigh the potential risks and benefits of working with any financial institution.

22/11/2023 Update
As of now, Jon Vigi has not responded nor has he apologized for his misdeeds. He has ignored our efforts to highlight the problems faced by their victims. Furthermore, he has only focused on propagating his fake PR.
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Jon Vigi Disclosures: BrokerCheck, FINRA, And SEC ReportsEvery complaint, disclosure, and litigation against Jon Vigi

The brokerCheck report of Jon Vigi includes information such as employment history, professional qualification, disciplinary actions, criminal convictions, civil judgment, and arbitration awards as well as disclosures events.

No disclosure is mentioned about Jon Vigi.

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Financial Advisors often take down their client disputes from FINRA’s Public database through Disclosure Expungement. Even law firms provide expungement services to FAs so that they can hide or remove their client disputes and maintain a clean record. So the lack of any disclosures on BrokerCheck doesn’t necessarily mean that the broker hasn’t had any disputes in the past.

FINRA’s BrokerCheck

individual_1083867.pdf (finra.org)

SEC Litigations & Forms

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Source: Jon Vigi – SEC Site Search Search Results

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Jon Vigi Lawsuits, Legal Battles, & DisputesActive database of all lawsuit documents (subject to availability) against Jon Vigi

Most court cases filed in the United States of America are archived on CourtListener, UniCourt, Law.com, Justia, Trellis.law, and Law360. If Jon Vigi has been involved in any such lawsuits, then you can find the documents using the links down below:

There might be more pending lawsuits against Jon Vigi which are not listed on these directories. Lawsuit files are often deleted from online directories. So if you cannot find any lawsuits against Jon Vigi on these websites, you can contact the local authorities and check if they have a physical copy of any cases.

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Jon Vigi Complaints, Class Action Lawsuits & Legal BattlesRead all class action lawsuits and SEC complaints against Jon Vigi (if available)

The following websites/directories are the best sources for finding complaints, litigations, and disputes against finance advisors. You can find all the complaints against Jon Vigi using the websites down below:

You can contact the law firms mentioned above if facing issues with Jon Vigi or any financial advisor.

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Better Alternatives To Jon Vigi (By Experts):Find the top 3 alternatives to Jon Vigi

These recommendations are based on the ratings of SmartAsset.com, the biggest financial advisor review platform on the internet.
You can check out the top 10 financial advisors in the U.S. to learn more.
Screenshot 2023 05 23 at 11.26.30 PM

Manages Assets Worth

  • $714,587,898,072

Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Publication of periodicals
1625686851535

Manages Assets Worth

  • $173,418,270,044

Services

  • Financial planning
  • Portfolio management
  • Portfolio assessment
Screenshot 2023 05 23 at 11.45.48 PM

Manages Assets Worth

  • $46,803,858,104

Services

  • Portfolio management

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