Wendy Kretschmer: $2.5mm Complaint Against American Trust Advisor

A recent investor complaint against Boca Raton, Florida financial advisor Wendy Kretschmer (CRD# 3111589) alleges that her conduct resulted in seven-figure damages. Financial Industry Regulatory Authority records show that she is registered as a broker with American Trust Investment Services and an investment advisor with Star Wealth Advisors.

Ms. Kretschmer’s BrokerCheck report discloses one investor complaint. Filed in August 2026, it alleges that as a representative of WestPark Capital, she recommended Versity-sponsored Delaware Statutory Trust investments “without adequate due diligence, disclosure of material sponsor-related risks and conflicts, or reasonable supervision.” The pending complaint alleges damages of $2,500,000.

For reference, a Delaware Statutory Trust (DST) is a trust entity that allows individual investors to purchase ownership interests in large, institutional-grade real estate assets that would otherwise be inaccessible to them. Examples of these assets include apartment complexes, senior living facilities, and commercial real estate. Investors pool their funds into the DST, which is managed by a professional sponsor or trustee. The sponsor or trustee oversees the acquisition, operation, and sale of the property on behalf of the trust’s beneficiaries. Investors can use DSTs as replacement properties in a 1031 exchange, which gives them the ability to defer capital gains taxes by reinvesting proceeds from the sale of another property into a DST. Risks of this strategy include illiquidity, high fees, and a lack of control over the investment. For these reasons, DSTs may be considered unsuitable for investors with limited experience and/or a low tolerance for risk.

According to the Financial Industry Regulatory Authority, Wendy Kretschmer holds 15 years of securities industry experience. Based in Boca Raton, Florida, she has been registered as a broker with American Trust Investment Services and an investment advisor with Star Wealth Advisors since 2025. Her past registrations include WestPark Capital and MONY Securities. Her credentials include the passage of eight securities industry qualifying exams: the Financial and Operations Principal Examination, or Series 27; the General Securities Principal Examination, or Series 24; the Securities Industry Essentials Examination, or SIE; the Operations Professional Examination, or Series 99TO; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. She holds four state licenses. (Information current as of September 26, 2026.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.