DID BRETT THOMAS BROYLES CAUSE YOU INVESTMENT LOSSES?
About Brett Broyles of Creative Planning?
Brett Broyles (CRD #2447220) has extensive experience in the financial advising sector, currently serving as an Investment Advisor Representative at Creative Planning since October 2011. He has previously worked at Strategic Advisers, Inc., accumulating a strong background in investment advisory services with a focus on wealth management.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Brett Broyles Customer Complaints and Reviews
Brett Broyles has one dispute on record:
- Details:
- Notice served on May 7, 2021; settled on November 3, 2021.
- Employer: Creative Planning.
- Allegations: The dispute alleged negligence, negligent supervision, and breach of fiduciary duty concerning taxes due on an IRA withdrawal.
- Outcome: The matter was settled for $12,500 without any personal contribution from Mr. Broyles.
- Court: The case was filed in Johnson County District Court, Kansas (Case #: 21-cv-02019).
Allegations Against Brett Broyles
- Nature of Allegations: The case revolved around claims of negligence and breach of fiduciary duty related to the tax implications of an IRA withdrawal.
- Financial Impact: The client sought damages of $111,957, which resulted in a settlement of $12,500, highlighting that the advisor’s firm resolved the matter to avoid prolonged litigation.
Brett Broyles Employment History
- Creative Planning (2011 – Present): Registered in Kansas and Texas as an Investment Advisor Representative,
- Strategic Advisers, Inc. (2000 – 2011): Investment Advisor,
- Industry Exams: Series 66 (Uniform Combined State Law Examination, passed on October 9, 2000).
Investment Advisors Owe Clients The Highest Level Of Care
Investment advisors must adhere to fiduciary duties, ensuring that their clients’ best interests are prioritized in all decision-making processes. This includes a duty to fully disclose potential risks, conflicts of interest, and the mechanics of recommended investments or strategies. Advisors must exercise a duty of care by performing thorough due diligence to align their recommendations with the client’s financial objectives, risk tolerance, and overall financial situation. This trust-based relationship is critical for maintaining client confidence and ensuring ethical financial practices.
Option Trading Can Be Extremely Risky
Option trading involves inherent risks that can expose clients to substantial financial losses, particularly with high-risk strategies like selling uncovered (naked) options or utilizing complex spreads. For example, selling naked call options can result in unlimited losses if the underlying asset price increases unexpectedly. Investment advisors engaging in option trading must ensure their clients fully understand these risks and have a financial capacity to absorb potential losses. Risky strategies require close monitoring and clear communication to avoid financial harm, making transparency and client education essential.
Brett Broyles Red Flags & Your Rights As An Investor
Of course, Brett Broyles did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Creative Planning on alert to review carefully the activity and performance of their accounts and question whether Brett Broyles has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Creative Planning also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Creative Planning Due To Brett Broyles
If you have questions about Creative Planning and/or Brett Broyles and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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