Barry Bellina: Magnolia Advisor Lands Investor Complaint

A recent investor complaint against Metairie, Louisiana financial advisor Barry Bellina (CRD# 1122429) concerned an insurance investment. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with MML Investors Services, whose website describes him as a representative of Magnolia Wealth Strategies.

Mr. Bellina’s BrokerCheck report discloses one investor complaint. Filed in November 2024, it alleged that as a representative of Metropolitan Life Insurance Company, he recommended variable universal life insurance policies whose premium payments outweighed their benefits. The complaint alleged unspecified damages and was closed with no action undertaken by the firm.

MML Investors Services’ website includes a profile of Mr. Bellina that describes him as a representative of Magnolia Wealth Strategies. That firm’s website includes a section describing its approach to working with its clients. “Everything we do is driven by our desire to build and maintain deep, meaningful relationships and make a difference in people’s lives,” it explains. “As one of the oldest firms in the southeast, Magnolia Wealth Strategies’ diverse team of over 120 financial professionals has the experience and knowledge to understand your unique situation and provide you with solutions to help you prepare for your future.”

According to the Financial Industry Regulatory Authority, Barry Bellina holds 31 years of securities industry experience. Based in Metairie, Louisiana, he has been registered as a broker and an investment advisor with MML Investors Services since 2017. His past registrations include MSI Financial Services (Metairie, Louisiana; 1993-2017), MetLife Securities (Metairie, Louisiana; 2002-2015), and Metropolitan Life Insurance Company (Metairie, Louisiana; 1993-2007). His credentials include the passage of two securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; and the Investment Company Products/Variable Contracts Representative Examination, or Series 6. He is licensed in Louisiana. (Information current as of January 6, 2024.)

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