Kevin McBarron: Annuity Complaint Against Ex-Union Capital Advisor

A recent investor complaint against Carlsbad, California financial advisor Kevin McBarron (CRD# 1282026) alleges that he was professionally negligent. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with LPL Financial, doing business as WealthPlanners.

Mr. McBarron’s BrokerCheck report discloses one investor complaint. Filed in May 2025, it alleges that as a representative of Union Capital, he engaged in professional negligence and breached his fiduciary duty in connection with a variable annuity investment. The pending complaint alleges unspecified damages.

A second disclosure on his BrokerCheck report concerns his termination from MetLife. Filed in 2015, it states that the firm fired him in connection with allegations that he “did not follow firm policy with respect to signatures on account documents, electronic communications and the maintenance of electronic client information.” A comment included with the disclosure reads as follows: “The firm became aware the rep was planning on leaving the firm. The firm then dismissed rep in an attempt to retain clients and the client data on the reps longtime software. The client contact system was approved on initial hire of the rep.”

WealthPlanners’ website includes a page describing the firm’s experience and services. “With over 35 years of experience at both Wall St. wire house and independent firms, we have a tremendous amount of experience,” it explains. “We are firm believers that the experience you get ‘in the trenches’ is far different than what you study in books. We are in very challenging and unique times. We believe you need experienced, street smart, cutting edge advisors to navigate the new, ever changing world we live in today.”

According to the Financial Industry Regulatory Authority, Kevin McBarron holds 40 years of securities industry experience. Based in Carlsbad, California, he has been registered as a broker and an investment advisor with LPL Financial since March 2025, doing business as WealthPlanners. His past registrations include Union Capital Company, MetLife Securities, New England Securities, SII Investments, Sentra Securities, Merrill Lynch, and Prudential Securities. His credentials include the passage of five securities industry qualifying exams: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the General Securities Principal Examination, or Series 24. He is licensed in Arizona, California, Florida, Indiana, Pennsylvania, South Carolina, Texas, Virginia, and West Virginia. (Information current as of June 8, 2025.)

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