Adam Steen: UBS Fires Bright River Private Wealth Advisor

Memphis, Tennessee financial advisor Adam Steen (CRD# 2231499) was recently fired by his former member firm in connection with alleged rule violations. Financial Industry Regulatory Authority records show that the former UBS broker is now registered with Kestra Investment Services, operating as a representative of Bright River Private Wealth.

Mr. Steen’s BrokerCheck report discloses his firing from UBS Financial Services. Filed in November 2024, it states that the firm terminated him in connection with allegations that he violated firm rules, “including not being forthcoming about taking instructions from an unauthorized relative on a client account.”

On his LinkedIn profile, Mr. Steen includes a paragraph describing his services as a representative of Bright River Private Wealth, as well as the group’s mission. “Bright River Private Wealth is a team of investment professionals who focus exclusively on the holistic wealth management and investing needs of business men and women with a heart for philanthropy,” the section explains. “Our mission is to help you create a lasting impact through our comprehensive approach to help you prioritize and preserve your legacy now and in the years to come.”

According to the Financial Industry Regulatory Authority, Adam Steen holds 32 years of securities industry experience. Based in Memphis, Tennessee, he has been registered as a broker with Kestra Investment Services since December 2024. His registration history includes UBS Financial Services (Memphis, Tennessee; 2000-2024), JC Bradford & Company (New York, New York; 1998-2000), and Merrill Lynch (New York, New York; 1992-1998). His credentials include the passage of five securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Futures Managed Funds Examination, or Series 31; the General Securities Representative Examination, or Series 7; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 26 state licenses. (Information current as of January 6, 2024.)

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