Frank Hill: $500K Complaint Against Meritrust Advisor

Louisville, Kentucky financial advisor Frank Hill (CRD# 2208115) allegedly misrepresented and recommended an unsuitable investment, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Kestra, doing business as Meritrust Wealth Management.

Mr. Hill’s BrokerCheck report discloses two investor complaints. The most recent, filed in May 2025, alleges that as a representative of Kestra Investment Services, he misrepresented and recommended an unsuitable life insurance policy. The pending complaint alleges damages of $500,000.

An earlier investor complaint, filed in 2022, similarly alleged that as a Kestra representative, he sold unsuitable life insurance policies. The complaint alleges damages of $325,000 and was denied by the firm.

Meritrust Wealth Management’s website includes a profile of Mr. Hill that describes his “extensive” experience as a partner, senior financial advisor, and advanced planning specialist at the firm. “He is a Certified Financial Planner Practitioner serving a clientele of predominantly high-net-worth individuals and business owners, with a focus on financial and estate planning strategies,” it explains. “His expertise lies in helping business owners as they work toward successfully exiting their businesses. Clients rely on Frank to provide them with a full range of financial products and investment advisory services.”

According to the Financial Industry Regulatory Authority, Frank Hill holds 33 years of securities industry experience. Based in Louisville, Kentucky, he has been registered as a broker and an investment advisor with Kestra since 2018, doing business as Meritrust Wealth Management. His past registrations include MWM Advisory, LPL Financial, Pruco Securities, and the Prudential Insurance Company of America. His credentials include the passage of five securities industry qualifying exams: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the Investment Company Products/Variable Contracts Representative Examination, or Series 6. He is licensed in florida, Illinois, Indiana, Kentucky, Massachusetts, Michigan, Nevada, North Carolina, Ohio, Texas, Virginia, and Wyoming. (Information current as of June 30, 2025.)

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