Mark Woodward: KANA Advisor Faces Suitability Complaint

Tampa, Florida financial advisor Mark Woodward (CRD# 4064469) allegedly made an unsuitable investment recommendation, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker with Kestra Investment Services and an investment advisor with Kestra Advisory Services, doing business as KANA Private Wealth Group.

Mr. Woodward’s BrokerCheck report discloses one investor complaint. Filed in August 2024, it alleges that as a representative of Kestra Investment Services, he recommended an unsuitable direct investment. The pending complaint alleges unspecified damages.

KANA Private Wealth Group’s website includes a profile of Mr. Woodward that describes his background and experience as the firm’s founder and CEO. “With a unique background in military and corporate leadership positions, Mark brings discipline and a wealth of knowledge to bear on his clients’ personal financial planning,” it explains. “His experience managing assets at the institutional level helps him to apply unique and complicated strategies to managing assets for his individual and business owner clients.”

Elsewhere, the firm describes it mission to empower its clients to live purposefully. “We invite you to discover and experience the power of our services,” it states. “We believe that discovering your core values and what is really important to you helps you make financial decisions that are more in line with what you truly care about.”

According to the Financial Industry Regulatory Authority, Mark Woodward holds 22 years of securities industry experience. Based in Tampa, Florida, he has been registered as a broker with Kestra Investment Services since 2013 and an investment advisor with Kestra Advisory Services since 2016, doing business as KANA Private Wealth Group. His past registrations include NFP Advisor Services, Ameriprise Financial Services, IDS Life Insurance Company, MetLife Securities, and the Metropolitan Life Insurance Company. His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; 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 is licensed in California, the District of Columbia, Florida, Illinois, Louisiana, Maryland, Massachusetts, Minnesota, North Carolina, South Carolina, Tennessee, Texas, Virginia, and West Virginia. (Information current as of September 15, 2024.)

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