Bryan Hakola: $500K-$1mm Complaint Against Diversified Advisor

Ann Arbor, Michigan financial advisor Bryan Hakola (CRD# 4161289) recently received an investor complaint alleging that he recommended unsuitable investments. Financial Industry Regulatory Authority records show that he is registered as a broker with Concorde Investment Services, doing business as Diversified Investment Strategies.

Mr. Hakola’s BrokerCheck report discloses one investor complaint. Filed in March 2026, it alleges that as a representative of Concorde Investment Services, he failed to conduct proper due diligence, breached his fiduciary duty, failed in his supervisory duties, and recommended unsuitable investments. The pending complaint alleges damages between $500,000 and $1 million.

Various securities industry rules and regulations concern the disclosure of conflicts of interest. Perhaps most important is the fiduciary standard for investment advisers, as established by the Investment Advisers Act of 1940. Under this vital industry standard, advisers must uphold a fiduciary duty to their clients, which in essence means that they may not place their own interests ahead of the investor’s. Among other things, the fiduciary standard requires advisers to fully and fairly disclose potential conflicts of interest that might render their recommendations or advice not disinterested. The SEC’s Regulation Best Interest establishes a similar requirement, specifically obliging representatives to “make full and fair disclosure to the retail customer of all material facts relating to conflicts of interest that are associated with the recommendation” at the time they make it. Representatives who violate these standards may be subject to disciplinary action or found liable for damages.

According to the Financial Industry Regulatory Authority, Bryan Hakola holds 22 years of securities industry experience. Based in Ann Arbor, Michigan, he has been registered as a broker with Concorde Investment Services since 2013, doing business as Diversified Investment Strategies. His past registrations include Richfield Orion International, Steven L. Falk & Associates, Cullum & Burks Securities, MML Investors Services, American Express Financial Advisors, and IDS Life Insurance Company. His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the General Securities Representative Examination, or Series 7. He holds 29 state licenses. (Information current as of June 4, 2026.)

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