Kevin Kelly & Chris Kirkland: Legacy Advisors Face $999K Complaint

Atlanta financial advisor Kevin Kelly (CRD# 2293119) and Chris Kirkland (CRD# 5602044) have received multiple investor complaints alleging that their advice resulted in damages of at least $900,000. Financial Industry Regulatory Authority records show that the Avantax representatives do business as Legacy Capital Advisors.

Mr. Kelly’s and Mr. Kirkland’s BrokerCheck reports disclose several identical investor complaints. The most recent, filed in May 2024, alleges that they recommended unsuitable structured note investments. The pending complaint alleges damages of $900,000.

A second investor complaint, also filed in May 2024, similarly alleges that they recommended unsuitable investments, including structured notes and exchange-traded funds. The pending complaint alleges damages of $999,000.

A fourth investor complaint, filed in 2023, alleged that as representatives of Avantax Investment Services, they recommended unsuitable structured notes. In January 2024 the complaint reached a settlement of $284,000.

Legacy Capital Advisors’ website includes a page describing the firm’s approach to wealth management. “Whether you are an experienced investor or seeking advice for the first time, we will keep you on the right track at a risk level tailored to fit you,” it explains. “After we establish a strong starting strategy, we continue to pursue better strategies to strive for quality results. As your financial needs and plans evolve, so will your portfolio.”

According to the Financial Industry Regulatory Authority, Kevin Kelly holds 17 years of securities industry experience. Based in Atlanta, he has also been a broker with Avantax Investment Services and an advisor with Avantax Advisory Services since 2021, doing business as Legacy Capital Advisors. Chris Kirkland, meanwhile, holds 15 years of securities industry experience. Based in Atlanta, he has also been a broker with Avantax Investment Services and an advisor with Avantax Advisory Services since 2021. While Mr. Kelly holds 39 state licenses, Mr. Kirkland holds 35. (Information current as of July 8, 2024.)

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.