DID THOMAS GRANT CAUSE YOU INVESTMENT LOSSES?
About Thomas Grant of Grove Point Investments, LLC?
Thomas Grant (CRD #4490611) , located in Succasunna, New Jersey, has over 20 years of experience in the securities industry. He is currently registered with Grove Point Advisors, LLC as an investment advisor, since April 2021, and Grove Point Investments, LLC, as a registered broker since March 2013. His previous roles include positions at H. Beck, Inc. (2014–2021), WRP Investments, Inc. (2004–2013), and Main Street Management Company (2002–2004). Grant holds licenses in nine U.S. states, including New Jersey, Florida, and California, and is registered with one Self-Regulatory Organization (FINRA). He has passed three General Industry/Product Exams and two Multi-State Securities Law Exams. Grant also holds the Certified Financial Planner (CFP) designation.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Thomas Grant Customer Complaints and Reviews
Thomas Grant has one reported customer dispute:
- Complaint: The client alleged that Grant failed to notify them of the option to exercise an income rider after reaching age 70½, leading to the client taking only minimum distributions instead of the maximum withdrawal amount.
- Product Type: Variable Annuity
- Alleged Damages: $27,745.89
- Resolution: The complaint was settled on July 16, 2024, with a full payment of $27,745.89, including a personal contribution of $5,000 from Grant.
Allegations Against Thomas Grant
The settled customer dispute highlights a specific issue related to financial advice:
- Failure to Notify: The allegations center on a missed communication regarding the exercise of an income rider, which impacted the client’s financial outcomes over a five-year period (2017–2022).
- Resolution Details: The case was resolved through a settlement, with the broker contributing $5,000 personally, indicating some level of accountability.
- Implications: While the matter is closed, the disclosure emphasizes the importance of clear communication and diligence in client interactions, especially with complex products like variable annuities.
Thomas Grant Red Flags & Your Rights As An Investor
Of course, Thomas Grant did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Thomas Grant Grove Point Investments, LLC on alert to review carefully the activity and performance of their accounts and question whether Thomas Grant has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Grove Point Investments, LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Grove Point Investments, LLC Due To Thomas Grant
If you have questions about Grove Point Investments, LLC and/or Thomas Grant and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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