Lowe Wealth Advisors Data Breach Lawsuit Investigation
Was your Social Security or financial account information in the hands of Lowe Wealth Advisors? A recent cyber-attack suggests it might be. Act now to learn whether you can seek compensation and protect your identity.
What Happened?
On August 18, 2025, Lowe Wealth Advisors (“Lowe”) detected suspicious activity in its IT network. A rapid internal investigation revealed that an unauthorized actor had accessed certain systems the day before—August 17, 2025. While the exact entry method has not been disclosed, the firm confirmed that personal files containing client data were exposed.
What Information Was Exposed?
The review, finalized on September 2, 2025, indicates that the following data elements may have been compromised:
- Full Name
- Social Security Number
- Financial Account Information (e.g., routing or account numbers)
Who Is Affected?
Lowe posted notices with multiple state Attorneys General and began mailing letters to impacted individuals on September 23, 2025. Although the total headcount has not yet been disclosed, residents of Montana, Massachusetts, and Vermont are confirmed recipients of breach notifications, suggesting a multi-state impact.
Your Immediate Action Plan
If you received a Lowe Wealth Advisors data breach letter—or suspect you may be affected—take these steps right away:
- Enroll in Free Credit Monitoring: Lowe is offering 12 months of identity protection services. Sign up as soon as you receive your activation code.
- Place Fraud Alerts or Credit Freezes: Contact Equifax, Experian, and TransUnion to make it harder for criminals to open accounts in your name.
- Monitor Financial Statements: Review bank and investment accounts for suspicious transactions.
- Change Online Credentials: Update passwords associated with any Lowe-related platforms or reused elsewhere.
- Explore Legal Remedies: Data-breach victims may be eligible for monetary damages. Consultation is typically free and risk-free.
Download Official Breach Notice (PDF)
Possible Legal Claims Against Lowe Wealth Advisors
Financial institutions owe a heightened duty to safeguard client data. Potential claims may include negligence, breach of fiduciary duty, and violations of state data-protection statutes. Compensation can cover:
- Reimbursement for out-of-pocket losses (e.g., fraudulent charges)
- Credit-monitoring and identity-restoration costs beyond the free 12 months
- Time spent resolving identity theft issues
- Statutory damages under state consumer-protection laws
About Lowe Wealth Advisors
Founded in 1980 and headquartered in Columbia, Maryland, Lowe Wealth Advisors is an independent firm providing portfolio reviews, estate and tax planning, investment management, employee-benefit consulting, and risk management services. The company serves clients across the Mid-Atlantic region and Florida with a team of 10+ professionals.
Frequently Asked Questions
How do I know if Lowe Wealth Advisors leaked my data?
Individuals identified during the investigation should receive a mailed notice. If your address changed recently, contact Lowe Wealth Advisors directly to confirm.
What should I do if my Social Security number was exposed in the Lowe Wealth Advisors breach?
Enroll in the complimentary credit monitoring, place a fraud alert or credit freeze, and monitor your IRS tax transcripts to prevent fraudulent returns.
Is there a class-action lawsuit against Lowe Wealth Advisors?
A class action is currently under investigation. Affected consumers can register to receive updates and evaluate participation once a complaint is filed.
Does Lowe Wealth Advisors offer compensation beyond credit monitoring?
At this time, the firm offers 12 months of monitoring. Additional compensation would likely arise from legal action or regulatory settlements.
Can I opt out of a potential class action and file my own claim?
Yes. If a class action is certified, you may have the right to opt out and pursue an individual lawsuit. Legal counsel can help determine the best path.