Nolan Pendleton & Ben Yim: Generational Advisors Face $115K Complaint

Georgia financial advisor Nolan Pendleton (CRD# 5350768) and Ben Yim (CRD# 5835533) recently received an investor complaint that settled for more than $100,000. Financial Industry Regulatory Authority records show that they are both registered with NYLife Securities, doing business as Generational Financial Partners.

Mr. Pendleton’s and Mr. Yim’s BrokerCheck reports each show the same investor complaint. Filed in Filed in December 2023, it alleges that as representatives of NYLife Securities, they sold an unsuitable variable annuity product in or around December 2021. In February 2024 the complaint reached a settlement of $115,810.79.

Generational Financial Partners’ website includes a profile of Mr. Pendleton in which he describes his background and experience, including his work as a commercial and mortgage lender. “As a lender, my job was to have a thorough understanding of the customer’s finances to ensure they would have the means to repay the loan,” he writes. “In reviewing their finances, I found the overwhelming majority of people’s financial picture had no semblance of order… I found that the process of ordering their finances and educating on them on how to best do so was what I was truly passionate about.”

The website also includes a profile of Mr. Yim. “As a comprehensive fee based planner, I provide physicians with estate planning, financial planning, retirement solutions, and risk management strategies,” he writes. “There’s nothing I enjoy more than developing customized plans to help you protect, prepare, and prosper.”

According to the Financial Industry Regulatory Authority, Nolan Pendleton holds 12 years of securities industry experience. Based in Columbus, Georgia, he has been registered with NYLife Securities since 2015. His past registrations include Park Avenue Securities and Wells Fargo Advisors, and he holds 20 state licenses. Mr. Yim, meanwhile, holds 13 years of securities industry experience and has been registered with NYLife Securities in Alpharetta, Georgia since 2010. He holds 33 state licenses. (Information current as of June 10, 2024.)

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