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Kevin Albritton: $575K Complaint Against Albritton Financial Advisor

Former St. Louis, Missouri financial advisor Kevin Albritton (CRD# 727420) recently received an investor complaint that reached a settlement of more than $500,000. Financial Industry Regulatory Authority records show that he was previously a broker registered with Cambridge Investment Research and an investment advisor registered with Carson Wealth, doing business as Albritton Financial Services.

Mr. Albritton’s BrokerCheck report discloses one investor complaint. Filed in 2022, it alleged that as a representative of Cambridge Investment Research, he recommended an investment “for the purposes of generating high commissions and fees” that deprived the customers “of the ability to generate reasonable returns that would have been received in a diversified portfolio.” The pending complaint alleges damages of $575,000.

Albritton Financial Services’ website includes a page describing the firm’s approach to investment management. “By leveraging a disciplined investment process, you receive transparency of information, seamless proactive service and the trust and accountability you need to pursue your financial objectives,” it explains. “Using a combination of the latest technology and our team of financial professionals, we regularly monitor your portfolio to ensure you are taken care of.”

According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Kevin Albritton holds 38 years of securities industry experience. Most recently based in St. Louis, Missouri, he was registered as a broker with Cambridge Investment Research from 2012 until 2019 and an investment advisor with Carson Wealth from 2019 until 2024. His registration history includes PlanMember Securities Corporation, Great American Advisors, PMG Securities Corporation, First Heartland Capital, WS Griffith & Company, Home Life Insurance Company, and Sentra Securities Corporation. His credentials include the passage of six securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Direct Participation Programs Representative Examination, or Series 22; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; and the Uniform Securities Agent State Law Examination, or Series 63. He is no longer registered as a broker or an investment advisor. (Information current as of January 13, 2025.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. 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.

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