Alvery Bartlett: Ex-Aegis Advisor Faces $2mm Complaint

Former Clayton, Missouri financial advisory Alvery Bartlett (CRD# 13975) recently received an investor complaint alleging that his advice resulted in seven-figure damages. Financial Industry Regulatory Authority records show that he was previously registered as a broker with Aegis Capital and Arete Wealth Management, among other firms.

Mr. Bartlett’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in June 2024, alleges that as a representative of Aegis Capital, Arete Capital, and Berthel Fisher, he misrepresented “an investment strategy consisting of large concentrations in illiquid, speculative, high commission alternative investments.” The pending complaint alleges damages of $2 million.

A second investor complaint, filed in 2023, alleges that as a representative of Berthel Fisher, he recommended unsuitable investments, breached his fiduciary duty, breached contract, misrepresented material facts, and fraudulently induced the clients to hold investments in oil and gas securities and other products. The pending complaint alleges damages of $10 million.

A third investor complaint, filed in 2022, alleged that as a representative of Aegis Capital, Berthel Fisher, and Arete Wealth, he misrepresented an alternative investment strategy that included “large concentrations in illiquid, speculative, high commission” products. In 2024 the complaint reached a settlement of $2.5 million.

According to the Financial Industry Regulatory Authority, Alvery Bartlett holds 40 years of securities industry experience. Most recently based in Clayton, Missouri, he was registered with Aegis Capital from 2020 until 2023. His past registrations include Arete Wealth Management (Clayton, Missouri; 2020-2023) and Berthel Fisher & Company Financial Services (St. Louis, Missouri; 2016-2020). His credentials include the passage of seven securities industry qualifying exams and he is not currently licensed as a broker or an investment advisor. (Information current as of January 6, 2024.)

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.