Matt Nadeau: $180K Complaint Against Kingswood Advisor

A recent investor complaint against Roseville, California financial advisor Matt Nadeau (CRD# 4637541) reached a six-figure settlement. Financial Industry Regulatory Authority records show that he is registered as a broker with Kingswood Capital Partners and an investment advisor with Kingswood Wealth Advisors.

Mr. Nadeau’s BrokerCheck report discloses one investor complaint. Filed in 2025, it alleges that as a representative of Kingswood Capital Partners, he failed to act in his client’s best interest in connection with the sale of a Delaware Statutory Trust. In May 2026 the complaint reached a settlement of $180,000.

For reference, a Delaware Statutory Trust (DST) is a trust entity created that allows individual investors to purchase ownership interests in large, institutional-grade real estate assets that would otherwise be inaccessible to them. Examples of these assets include apartment complexes, senior living facilities, and commercial real estate. Investors pool their funds into the DST, which is managed by a professional sponsor or trustee. The sponsor or trustee oversees the acquisition, operation, and sale of the property on behalf of the trust’s beneficiaries. Investors can use DSTs as replacement properties in a 1031 exchange, which gives them the ability to defer capital gains taxes by reinvesting proceeds from the sale of another property into a DST. Risks of this strategy include illiquidity, high fees, and a lack of control over the investment. For these reasons, DSTs may be considered unsuitable for investors with limited experience and/or a low tolerance for risk.

According to the Financial Industry Regulatory Authority, Matt Nadeau holds 21 years of securities industry experience. Based in Roseville, California, he has been registered as a broker with Kingswood Capital Partners since 2021 and an investment advisor with Kingswood Wealth Advisors since 2023. His past registrations include Resurgent Financial Advisors, Hayden Royal, Lord Abbett Distributor, Wells Fargo, Evergreen Investment Services, and Northwestern Mutual Investment Services. His credentials include the passage of five securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Representative Examination, or Series 7; and the Investment Company Products/Variable Contracts Representative Examination, or Series 6. He holds 33 state licenses. (Information current as of July 3, 2026.)

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