Shawn Lee: $250K Complaint Against Beacon Wealth Advisor

Cornelius, North Carolina financial advisor Shawn Lee (CRD# 5892651) recently received an investor complaint alleging six-figure damages resulting from his conduct. Securities and Exchange Commission records show that he is registered as an investment advisor with Alphastar Capital Management, doing business as Beacon Wealth Advisors.

Shawn Lee’s Investment Adviser Public Disclosure discloses one investor complaint. Filed in Filed in August 2024, it alleges that as a representative of Alphastar Capital Management, he breached his fiduciary duty, acted negligently, and misrepresented investments in fixed annuity, equity, and mutual fund products. The pending complaint alleges damages of at least $250,000.

Beacon Wealth Advisors’ website includes a profile of Mr. Lee that describes his background and approach as the firm’s CEO and Senior Retirement Planner. “By assisting in the development of comprehensive financial plans, thousands of families across the United States have been impacted by his experience and expertise in using protected money strategies,” it explains. “In 2007, Shawn decided to take his expertise directly to the public. Using a holistic planning approach and by blending conservative income portfolios and advanced risk management techniques, he strives to enhance return potential while minimizing risk.”

Elsewhere, the firm describes its approach to working with its customers. “We believe that education is fundamental to retirement planning,” it explains. “Every initial consultation involves making sure all the pieces to successful retirement planning are clarified. And reciprocally, we invest a significant amount of time educating ourselves about every potential client, their goals, and dreams.”

According to the Securities and Exchange Commission, Shawn Lee holds 13 years of securities industry experience. Based in Cornelius, North Carolina, he has been registered as an investment advisor with Alphastar Capital Management since 2021, doing business as Beacon Wealth Advisors. His past registrations include Brookstone Capital Management, Milestone Asset Management, and Regal Investment Advisors. His credentials include the passage of the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in North Carolina and South Carolina. (Information current as of September 22, 2024.)

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