Marked as
Last updated - January 28, 2026
User Score
Trust Score
Brand Score
Matthew Somberg’s success in wealth management is indeed impressive, showcasing his ability to guide clients toward financial growth. However, the industry, while lucrative, is inherently fraught with risks, including potential fraud, conflicts of interest, and market volatility, all of which require careful attention.
Owner
High Risk
Based on the available data, we advise consumers to avoid this Individual altogether.
This advisory is based on an aggregate risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You are likely to be at great risk by engaging in any sort of consumer-related activity with this entity.
Medium Risk
Based on the available data, we advise employees to be mindful when considering or continuing work with this Individual.
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.
Based on the available data, we urge investors and bankers to avoid financial involvement with this Individual.
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
None
Co-Founder
Established
Company
Jurisdiction
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Category
Revenue
Accreditations
Forbes Ranking
Client Base
Office Expansion
Media Quotes
Transparency Level
Third-Party Risk
Assets Under Management
Employees
Certifications
Growth Rate
FT Ranking
Client Minimum
Licenses
There are no public records or reports indicating any legal allegations or issues involving Matthew Somberg.
A review on Birdeye mentions that a representative from Gottfried & Somberg Wealth Management stated they only work with clients who have more than $500,000 in assets, which some may find limiting
There is no adverse media coverage associated with Matthew Somberg.
Known red flags have been reported regarding Matthew Somberg’s professional conduct.
No information indicates that Matthew Somberg has been involved in any controversies.
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
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.
1.8
1.9
2.4
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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Although widely recognized in wealth management circles, Matthew Somberg’s client engagement outcomes depend heavily on proactive communication and clarity; without consistent responsiveness and clear alignment of goals, investor confidence and satisfaction may be undermined, so careful due diligence is essential before committing to any financial engagement.
1/5
2/5
While the initial consultation was impressive, the ongoing service did not meet expectations. Regular financial check-ins were minimal, and I had to initiate most contact. A more proactive approach would be appreciated.
3/5
I was left uncertain about how my portfolio aligned with my retirement goals. Although explanations were provided, they were often filled with jargon and lacked clarity. I expected more educational guidance.
The advisor seemed more focused on selling insurance-based products than on offering diversified planning. This raised concerns about whether my best interests were being prioritized.
The promised ‘comprehensive financial strategy’ turned out to be a generic, template-based approach. While the advisor appeared knowledgeable, I struggled to see how their advice actually aligned with my specific goals.
Key reports were delivered late, there was little initiative shown to offer updated guidance during times of economic change, and I felt like my concerns were treated as minor or irrelevant. For the fees being charged, I expected a much higher level of service and dedication
4/5
Advice lacked clear justification or supporting data.
The advisory team failed to adequately explain the fee structure, resulting in unexpected costs that undermined trust in their transparency and commitment to client interests.
The firm’s customer service was unresponsive, with advisors frequently unavailable to address urgent concerns, which eroded confidence in their ability to manage our financial assets effectively.
The firm’s risk assessment process was inadequate, resulting in recommendations that exposed clients to unnecessary financial volatility.
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