Jordan Rider: $120K ETF Complaint Against LPL Advisor

Leawood, Kansas financial advisor Jordan Rider (CRD# 5292169) mismanaged a client’s accounts, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker with LPL Financial and an investment advisor with The Wealth Consulting Group.

Mr. Rider’s BrokerCheck report discloses four investor complaints. The most recent, filed in April 2025, alleges that as a representative of LPL Financial, he mismanaged accounts and failed to disclose the risks of unsuitable exchange-traded fund investments. The pending complaint alleges damages of $120,000.

In a statement included with the complaint’s disclosure, Mr. Rider defended himself against the allegations. “I discussed the investments with the client’s thoroughly prior to purchase,” he wrote. “They now claim the investments are unsuitable. Discussions were had each time we met regarding holding the investments and the overall strategy. They never indicated a desire to sell and invest in different products. I repeatedly highlighted the benefit of holding steady for long term returns.”

An earlier investor complaint, filed in 2017, alleged that as a representative of V Wealth Management, he mismanaged accounts, did not disclose risks, and recommended unsuitable investments. In 2018 the complaint reached a settlement of $125,000.

A third investor complaint, filed in 2016, alleged that as a V Wealth representative, he made unsuitable recommendations and over-concentrated the customer in energy and commodities investments. The complaint reached a settlement of $85,000.

A fourth investor complaint, filed in 2015, alleged that as a representative of LPL Financial and V Wealth Management, he recommended unsuitable investments. The complaint reached a settlement of $50,000.

An archived version of Wealth Consulting Group’s website includes a page describing the firm’s mission and services. “We collaborate with professionals across multiple financial disciplines to develop, coordinate and implement sophisticated strategies customized to your needs,” it explains. “Our mission is to serve as our clients’ Personal CFO and most trusted advisor.”

According to the Financial Industry Regulatory Authority, Jordan Rider holds 17 years of securities industry experience. Based in Leawood, Kansas, he has been registered as a broker with LPL Financial since 2010 and an investment advisor with The Wealth Consulting Group since 2023. His past registrations include V Wealth Advisors, LPL Financial, and MetLife Securities. 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 Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; and the Securities Industry Essentials Examination, or SIE. He is licensed in Kansas, Missouri, Oklahoma, and Texas. (Information current as of May 12, 2025.)

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