Marked as
Last updated - February 10, 2026
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IHT Wealth Management became linked to a major client fraud case after two of its advisers, Adam and Daniel Kaplan, were accused of stealing millions from elderly and vulnerable clients. Reports have raised questions about the firm’s supervisory and compliance controls, as the alleged misconduct continued for years before being uncovered.
Financial Advisor
Medium Risk
Based on the available data, we suggest consumers approach this Company with caution.
This advisory is based on a medium-risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You may face moderate risks when engaging in consumer-related activities with this entity.
Based on the available data, we advise employees to be mindful when considering or continuing work with this Company.
This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity may involve moderate risks.
High Risk
Based on the available data, we urge investors and bankers to avoid financial involvement with this Company.
This advisory is informed by an aggregate risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Engaging in investment or lending activities with this entity poses a substantial risk to your financial interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
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Regulatory
Regulatory 2
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Lawsuit 2
Misconduct
Misconduct 2
The SEC charged two former IHT advisors with misappropriating over $5 million from clients through inflated fees and unauthorized charges.
Clients’ credit cards and bank accounts were reportedly charged for personal luxury expenses and Ponzi-like payments under false pretenses.
Advisors allegedly fraudulently inflated advisory fees beyond what clients agreed to in writing.
One advisor was indicted for attempting to fabricate evidence and threaten witnesses during federal fraud investigations.
Identical twin advisors Adam S. Kaplan and Daniel E. Kaplan were central to multiple charges for fraud and misuse of client assets.
Allegations of unauthorized access to accounts and deceptive practices have raised concerns about internal oversight and client protection.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
IHT Wealth Management linked to SEC action alleging fraudulent conduct, fabricated evidence, and serious compliance violations.
First Detected
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IHT Wealth Management associated with allegations of evidence fabrication and witness threats in major enforcement action.
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
Bank Relationships
Ultimate Beneficial Owner(s) (UBOs)
Shareholding structure
Associated entities & subsidiaries
Offshore / shell company links
Trusts / Nominee arrangements
Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
2
3
Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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A wealth management firm is supposed to protect client money, especially for elderly clients who rely on advisors for trust and guidance. Situations involving unauthorized fees and misuse of funds really damage the credibility of the whole firm.
2/5
3/5
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