Mike Roberts: $2mm Complaint Against Oak Wealth Advisor

A recent investor complaint against Gilbert, Arizona financial advisor Mike Roberts (CRD# 4700058) alleges that his advice resulted in seven-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with The Strategic Financial Alliance, doing business as Oak Wealth Management.

Mr. Roberts’ BrokerCheck report discloses multiple investor complaints. The most recent, filed in May 2025, alleges that as a representative of Triad Advisors and other firms, he made unsuitable recommendations and incomplete disclosures. The pending complaint alleges damages  of $2,235,000.

An earlier investor complaint, filed in 2017, alleged that as a representative of JP Turner & Company and Centaurus Financial, he recommended unsuitable investments and failed to complete adequate due diligence. In 2018 the complaint reached a settlement of $7,500.

A third investor complaint, filed in 2010, alleged that as a JP Turner & Company representative, he made misrepresentations regarding a variable annuity investment. In 2011 the complaint reached a settlement of $85,625.32.

Oak Wealth Management’s website includes a profile of Mr. Roberts in which he describes his background and services. “One of the areas that he specializes in is retirement income planning and tax-advantage investment planning,” it explains. “Mike enjoys helping clients in all aspects of financial and retirement planning including social security and planning for the “when” to retire. He is well-versed in the planning of the accumulation phase, spending phase, and the legacy phase of financial planning.”

According to the Financial Industry Regulatory Authority, Mike Roberts holds 21 years of securities industry experience. Based in Gilbert, Arizona, he has been registered as a broker and an investment advisor with The Strategic Financial Alliance since 2023, doing business as Oak Wealth Management. His past registrations include Triad Advisors, Coastal Equities, Centaurus Financial, JP Turner & Company, Brookstreet Securities Corporation, Raymond James Financial Services, and Carter and Carter. His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the Uniform Combined State Law Examination, or Series 66. He holds 15 state licenses. (Information current as of June 8, 2025.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.