Jon Mesmer: Berthel Advisor Listed in Inspired Healthcare Form D

Aberdeen, South Dakota financial advisor Jon Mesmer (CRD# 2179965) allegedly recommended unsuitable investments, according to an investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Berthel Fisher & Company.

In addition, Mr. Mesmer’s name is listed on a Form D document for Inspired Healthcare Capital, a senior living development company that recently filed for bankruptcy. As InvestmentNews reports, the company sold private placement offerings and alternative investments “through a network of independent contractor broker-dealers,” reportedly receiving “more than $100 million in fees and commissions” for investments that later stopped issuing distributions to investors.

Mr. Mesmer’s BrokerCheck report discloses one investor complaint. Filed in 2009, it alleged that as a representative of Berthel Fisher & Company, he sold unsuitable investments. In 2011 the complaint reached a settlement of $130,000.

An unsuitable investment, as described by FINRA Rule 2111, is an investment or strategy which a broker lacks a reasonable basis to believe is appropriate for their customer’s investment profile. An investor’s profile “includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance,” and other information. FINRA-associated brokers are required by Rule 2111 to conduct reasonable diligence to determine a customer’s profile; then, they must use this information to arrive at a determination as to whether an investment or strategy is not only suitable for some customers, but for that specific customer. Brokers who sell unsuitable investments, or who misrepresent information regarding an investment’s suitability, may be liable to their clients if those investments experience losses.

According to the Financial Industry Regulatory Authority, Jon Mesmer holds 34 years of securities industry experience. Based in Aberdeen, South Dakota, he has been registered as a broker with Berthel Fisher & Company since 2002 and an investment advisor with BFC Planning since 2013. His registration history includes AXA Advisors, Wells Fargo Brokerage Services, Wells Fargo Investments, PrimeVest Financial Services, Washington Square Securities, and AAL Capital Management Corporation. His credentials include the passage of five securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Arizona, California, Florida, Iowa, Kansas, Kentucky, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, and Texas. (Information current as of March 20, 2026.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. The firm is currently investigating brokers who sold investments in Inspired Healthcare Capital. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.