Mark Nelson: Investor Complaint Against Chrysalis Wealth Advisor

Colorado Springs financial advisor Mark Nelson (CRD# 5074803) is involved in an investor complaint alleging his conduct resulted in damages. Records provided by the Financial Industry Regulatory Authority show that he is a broker and an investment advisor with Ameriprise Financial Services, and that he is also registered with the firm’s office in Albuquerque, New Mexico. His firm’s website indicates that he is a member of the private advisory practice Chrysalis Wealth Management.

Mr. Nelson’s BrokerCheck report discloses one investor complaint. Filed in October 2022, it alleges that as a representative of Ameriprise Financial Services, he did not suitably invest the proceeds from the sale of a customer’s home in October 2021. The pending complaint alleges damages of $76,355.13. 

Ameriprise Financial Services’ website describes Mr. Nelson as a member of Chrysalis Wealth Management, a private wealth advisory practice at the firm. His profile goes on to describe his commitment to understanding his clients’ objectives and providing advice that is tailored to their needs. “Deciding the right next move in changing markets can be a challenge,” the profile states. “But the right financial advice can help you best position your portfolio to take advantage of opportunities and mitigate loss.”

According to the Financial Industry Regulatory Authority, Mark Nelson holds 16 years of securities industry experience. Based in Colorado Springs, Colorado, he has been a broker and an investment advisor with Ameriprise Financial Services since 2015. His past registrations include Merrill Lynch (Colorado Springs, Colorado; 2010-2015) and Edward Jones (Colorado Springs; 2006-2010). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He currently holds 24 state licenses. (Information current as of December 15, 2022.)

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