David Fields: $400K Complaint Against Pacific Tides Advisor Denied

A recent, denied investor complaint against Solana Beach, California financial advisor David Fields (CRD# 1953457) alleged that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with United Planners’ Financial Services, doing business as Pacific Tides Wealth Management.

Mr. Fields’ BrokerCheck report discloses one investor complaint. Filed in March 2024, it alleged that he “lost” the client’s family a sum of a $400,000. The complaint alleged damages of $400,000 and was denied by the firm. “Investigation revealed that the trades were unsolicited and no improprieties were found,” reads a statement included with the disclosure.

Pacific Tides’ Wealth Management’s website include a profile of Mr. Fields that describes him as the firm’s founder. “Prior to founding Pacific Tides Wealth Management,” it states, “David spent 30 years advising high-net worth clients at large Wall Street firms, including Morgan Stanley, Merrill Lynch, Citibank, and Smith Barney. In addition to advising clients, David also worked for 6 years in a senior role on the Smith Barney management team at their New York City headquarters.”

Elsewhere, the firm describes its mission to help clients reduce financial worries. “Although money alone cannot buy happiness, we recognize that worrying about financial matters can prevent anyone from enjoying their life,” it explains. “We accomplish our mission through a collaborative process that helps maximize each client’s potential for meeting life goals through Financial Advice that integrates relevant elements of the client’s personal and financial circumstances.”

According to the Financial Industry Regulatory Authority, David Fields holds 34 years of securities industry experience. Based in Solana Beach, California, he has been registered as a broker and an investment advisor with United Planners’ Financial Services since 2020, doing business as Pacific Tides Wealth Management. His past registrations include Waddell & Reed, Citigroup Global Markets, Oppenheimer & Company, Morgan Stanley, Merrill Lynch, and Prudential Securities. His credentials include the passage of nine securities industry qualifying exams: the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Principal Sales Supervisor, or Series 23; the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in California, Colorado, Florida, Indiana, Louisiana, Maryland, Massachusetts, New Hampshire, New York, North Carolina, Tennessee, the Virgin Islands, Virginia, and Washington. (Information current as of April 30, 2024.)

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