Kestra Investment Services Complaint

My Take on the Kestra Investment Services Dispute Involving James Daughtry and Investors’ Losses

As an enthusiast in both financial analysis and writing committed to revealing the truth, I am vigilantly monitoring the unfolding narrative about ex-broker James Blake Daughtry from Kestra Investment Services. Any investor that has experienced financial losses due to his actions—or through anyone possessing confidential information—ought to immediately get in touch with either my team or myself.

Who is James Blake Daughtry?

Let me introduce you to James Daughtry. After 20 years in the industry, his model career plummeted when Kestra gave him the boot last year. Working under the banner of The Daughtry Group in Dotham, Alabama, this story took a darker turn when FINRA barred him from the arena.

Digging through Daughtry’s BrokerCheck record, one can’t miss the three current customer complaints biting at his heels, each filed in 2020 and detailing grievances like unauthorized dealings and deceptive trade practices.

Here’s a snapshot of the claims:

stock news(AD) Lost money because of bad financial advice or outright fraud? You may get it back by filing a complaint. Haselkorn & Thibaut has 50+ years of experience and a 98% success rate. Don’t delay if you’ve suffered losses. 

Call Haselkorn & Thibaut at 1-888-784-3315 for a free consultation, or visit to schedule. No Recovery, No Fee.

June 2020 A customer seeks $65K, citing unauthorized activities, deceit, carelessness, and betrayal of trust.
July 2020 Damages of $1.5M are on the line, based on allegations of guiding clients toward a fraudulent third-party advisor, potentially Graysail, identified by the SEC for fraud.
August 2020 Another $232K is demanded, stemming from claims similar to the July case.

His past as a broker includes stints at well-known firms like Liberty Securities and Ameriprise Financial Services, to name a few.

Current Case Against James Blake Daughtry | Kestra Investment Services

A senior citizen from Alabama, inexperienced in such matters, has leveled charges of elder financial exploitation and a myriad of other offenses against Daughtry. He alleges that when he sought help with managing his IRA, Daughtry directed all his assets into an investment called Small World Capital—without his knowledge.

Daughtry reportedly ventured outside Kestra’s endorsement by selling these unapproved products. Now, due to what’s branded as Kestra’s lack of oversight, the investor is fighting to recover $500K for his $232K loss.

The Oversight That Kestra Missed

Kestra hung its business model on branch offices that operated without close monitoring, assuming perhaps that engaging brokers who could afford to manage these offices would suffice. This strategy fundamentally misinterpreted the essence of responsibility.

My Advice for Kestra and James Daughtry Investors

At Haselkorn & Thibaut, where I work, we champion the cause of investors who’ve been wronged, and we’ve got the credentials—a 95% success rate over 45 years—to back it up. If you’re worried about your experiences with Kestra and/or James Daughtry, don’t hesitate to contact us at 1-800-856-3352.

In my profession, I’ve learned that “An investment in knowledge pays the best interest,” as Benjamin Franklin wisely said. And with a shocking fact that bad advisors cost Americans more than $17 billion a year in retirement savings, it’s essential to ensure you’re working with someone trustworthy.

You can also check an advisor’s FINRA BrokerCheck record, like Daughtry’s, which will give you a complete rundown of their professional background and any previous complaints or disciplinary actions—something I highly recommend before making any investment decisions.

As we delve deeper into this case, remember: your financial health is paramount. Never hesitate to question and verify the credentials of those you entrust with your financial future. If something doesn’t seem right, conduct thorough background checks, question discrepancies, and demand transparency. In the end, it’s not just about safeguarding your money; it’s about safeguarding your peace of mind.

Scroll to Top