Werth Wealth Management, LLC (WWM), an advisory firm affiliated with Raymond James Financial Services, has notified clients that an unauthorized third party gained access to internal systems containing sensitive personal information. Financial advisory firms retain highly detailed client records for regulatory and account-management purposes, which makes any unauthorized access to those systems a serious exposure event.
Werth Wealth Management’s Data Breach Investigation
According to the notification letter sent jointly by Raymond James and WWM, the incident was identified on July 1, 2026, when Raymond James’s cybersecurity division detected suspicious activity on WWM’s systems. The companies state they immediately responded to isolate, secure, and analyze the incident. Their investigation determined that an unauthorized third party had accessed certain WWM systems containing files with clients’ personal information.
The notification specifies that the incident did not involve access to client accounts held directly at Raymond James and that no client accounts were accessed or funds compromised as a result of this event. Raymond James and WWM state they placed identity theft alerts on affected clients’ Raymond James accounts as a precautionary measure, notified law enforcement, worked with outside cybersecurity experts to terminate the unauthorized access and further secure their systems, and arranged credit monitoring for affected individuals.
Financial advisory and wealth management firms are attractive targets for cybercriminals because a single compromised system can expose a concentrated set of high-value personal and financial data spanning many clients at once, often including exactly the combination of identifiers, Social Security numbers, government ID numbers, account numbers, and dates of birth, that enables the most damaging forms of identity theft and account takeover fraud.
The exposure of a Social Security number together with a government-issued ID number and account number is generally considered a high-risk combination, since it can allow a sophisticated fraudster to open new lines of credit, file fraudulent tax returns, or attempt to socially engineer a financial institution into granting account access. This is part of why Raymond James proactively placed fraud alerts on affected accounts even though it states no unauthorized account access or fund transfers have occurred to date.
WWM and Raymond James’s response, isolating and securing the affected systems, engaging outside forensic experts, notifying law enforcement, and offering complimentary credit monitoring, reflects the standard response protocol expected of regulated financial services firms following unauthorized access to systems containing nonpublic personal information.
When Did This Breach Occur?
WWM and Raymond James identified the suspicious activity giving rise to this incident on July 1, 2026. Notification letters were subsequently sent to affected clients.
What Information Was Breached?
According to the notification letter, the information that may have been exposed includes each client’s name, government-issued identification number (such as a Social Security number, driver’s license number, or passport number), Raymond James account number, and date of birth.
What You Can Do
Raymond James and WWM are offering a complimentary two-year membership in Experian’s IdentityWorks credit monitoring and identity theft protection service to affected clients. Additional recommended steps include:
- Enroll in the complimentary Experian IdentityWorks membership using the activation code provided in your notification letter
- Regularly review Raymond James account statements for unauthorized activity
- Place a fraud alert or security freeze on your credit file with Equifax, Experian, and TransUnion
- Report any suspected identity theft to law enforcement, your state attorney general, and the FTC
File a Data Breach Lawsuit Against Werth Wealth Management
Clients whose Social Security numbers, government ID numbers, account numbers, or dates of birth were exposed in this incident may have options for pursuing accountability for the exposure of their sensitive financial data.
Contact us at Class Action U, where we’ll connect you with a lawyer skilled in class action lawsuits. If you’ve been contacted about this breach, received notice, or discovered you were impacted, fill out our quick, easy, and secure form to sign up. There is no cost to reach out to our legal partner and no obligation after speaking with someone from our team.
