Jeff Larson: Why Did Arete Wealth Fire St. Louis Advisor?

St. Louis financial advisor Jeff Larson (CRD# 4836889) was recently terminated by a former member firm in connection with allegations of misconduct. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former Arete Wealth broker is currently an investment advisor with 25 Financial.

Mr. Larson’s BrokerCheck report discloses his termination from Arete Wealth Management. Filed in October 2023, the disclosure states that the firm fired him in connection with allegations that he “was not forthcoming during an internal investigation.”

A second disclosure on Mr. Larson’s BrokerCheck report concerns an investor complaint against him. Filed in 2021, the complaint alleges that as a representative of Arete Wealth Management, he recommended unsuitable alternative investments. The pending complaint alleges unspecified damages.

A profile of Mr. Larson on 25 Financial’s website states that he is a partner at the firm. “Since 2004, Jeff Larson has offered financial advisor services to physicians, high-net-worth individuals and families, helping clients acquire financial independence as well as rare alternative investment opportunities for investors seeking higher rates of return while mitigating risks,” the profile states. “Jeff is constantly exploring opportunities to achieve his clients’ goals. He regularly takes due diligence trips to meet with the executive teams that operate the investment opportunities he recommends.”

According to the Financial Industry Regulatory Authority and the SEC, Jeff Larson holds 19 years of securities industry experience. Based in St. Louis, Missouri, he has been an investment advisor with 25 Financial since March 2022. His past registrations include Arete Wealth Management (St. Louis, Missouri; 2017-2023), Larson Financial Securities (St. Louis, Missouri; 2010-2017), Financial Network Investment Corporation (Minneapolis, Minnesota; 2006-2010), CRI Securities (Minneapolis, Minnesota; 2004-2006), and Securian Financial Services (St. Louis, Missouri; 2004-2006). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66.  He is licensed as an investment advisor in Missouri and Texas. (Information current as of November 21, 2023.)

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