Robert Binkele: DST Advisor Lands $2.5mm Complaint

Indian Wells, California financial advisor Robert Binkele (CRD# 2393598) allegedly recommended unsuitable investments, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker with Ashton Stewart & Company and an investment advisor with DST Wealth Management.

Mr. Binkele’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in May 2026, alleges that as a representative of DST Wealth Management, he over-concentrated her portfolio and made unsuitable transactions, including margin transactions. The pending complaint alleges damages of $2.5 million.

In a statement included with the pending complaint’s disclosure, Mr. Binkele “categorically” denied the allegations.”My recommendations were consistent with [the client’s] stated investment objectives, risk tolerance, and overall investment profile,” he wrote. “She was provided with material information regarding the investments and associated risks, received appropriate disclosures, and approved transactions in the account… I did not engage in unauthorized trading, nor did I fail to disclose material information.”

An earlier investor complaint, filed in 2020, alleged that as a Centaurus Financial representative, he acted negligently, “engaged in potentially fraudulent activity,” and breached his fiduciary duty. In 2024 the complaint reached a settlement of $358,333.

According to the Financial Industry Regulatory Authority, Robert Binkele holds 31 years of securities industry experience. Based in Indian Wells, California, he has been registered as a broker with Ashton Stewart & Company since 2025 and an investment advisor with DST Wealth Management since 2019. His past registrations include HB Securities, Centaurus Financial, JP Turner & Company, Brookstreet Capital Management, Raymond James Financial Services, Spelman & Company, and Ash & Company. His credentials include the passage of four securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Representative Examination, or Series 7; and the General Securities Principal Examination, or Series 24. He is licensed in California. (Information current as of June 14, 2026.)

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