Brian Abbott: Why Did Cambridge Fire CreativeOne Advisor?

Lawrence, Kansas financial advisor Brian Abbott (CRD# 3222569) was recently terminated from his former broker-dealer firm in connection with alleged rule violations. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former Cambridge Investment Research Advisors broker is currently registered as an investment advisor with CreativeOne Wealth.

Mr. Abbott’s BrokerCheck report discloses his termination from Cambridge Investment Research Advisors. Filed in October 2025, it states that the firm fired him while he was under internal investigation for violating company guidelines regarding the sale of indexed annuities, the use of consolidated reports, the facilitation of reverse mortgages, and concentration limits for certain alternative investment products.

For reference, “over-concentration,” also known as lack of diversification, is described by FINRA’s investor resources as akin to putting too many eggs in one basket. To avoid the risks of over-concentration, FINRA recommends investors diversify across and within major asset classes, regularly rebalance their portfolios, closely examine the underlying stocks or bonds in the mutual funds and exchange-traded funds in their portfolios, and keep vigilant track of their investments’ liquidity.

According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Brian Abbott holds 26 years of securities industry experience. Based in Lawrence, Kansas, he has been registered as an investment advisor with CreativeOne Wealth since October 2025 and was most recently registered as a broker with Cambridge Investment Research Advisors from 2010 until 2019. His past registrations include Keating Financial Advisory Services and Raymond James Financial Services. His credentials include the passage of four 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; and the General Securities Representative Examination, or Series 7. He is licensed as an investment advisor in Kansas and Texas. (Information current as of November 16, 2025.)

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