David Kluksdal: 500K Complaint Against Capital Financial Advisor

A recent investor complaint against Boise, Idaho financial advisor David Kluksdal (CRD# 4850332) alleges 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 Cetera Wealth Services and Cetera Investment Advisers, respectively, doing business as Capital Financial Services.

Mr. Kluksdal’s BrokerCheck report discloses one investor complaint. Filed in July 2025, it alleges that as a representative of Cetera Advisor Networks, he breached his fiduciary duty, acted negligently, and failed in his supervisory duties. The pending complaint alleges damages of $500,000.

Capital Financial Services’ website includes a profile of Mr. Kluksdal that describes his background and experience as the firm’s co-founder and Chief Financial Officer. As it explains, he graduated from the University of Idaho in 2000 with an electrical engineering degree, going on to work as a design engineering before transitioning into the financial services sector. “He believes his engineering studies honed the analytical skills he uses daily to deal with complex economic factors,” the profile states. “Mr. Kluksdal assists investors every day by implementing unique strategies, customized to fit their goals and objectives.”

According to the Financial Industry Regulatory Authority, David Kluksdal holds 20 years of securities industry experience. Based in Boise, Idaho, he has been registered as a broker with Cetera Wealth Services since 2019 and an investment advisor with Cetera Investment Advisers since 2015, respectively, doing business as Capital Financial Services. His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; 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. He holds 23 state licenses. (Information current as of August 10, 2025.)

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