Haselkorn & Thibaut, a national investment fraud law firm with over 50 years of experience and a 98% success rate, has initiated an investigation into Kendal Ashley Fordham, a financial advisor based in Saint Johns, FL, and formerly registered with well-known broker-dealers—Privileged Planning Inc. and Raymond James Financial Services, Inc. If you’re an investor who has worked with Fordham, you might have questions about the handling of your investment portfolio or want to know if you can recover financial losses. Understanding the facts, potential red flags, and how to take action empowers you to move forward confidently.
Who is Kendal Ashley Fordham?
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**Kendal Ashley Fordham (CRD #6504618)** is a financial advisor and President/Chief Compliance Officer at Privileged Planning Inc., operating out of Saint Johns, FL since July 2023. Before this, Fordham worked with **Raymond James Financial Services, Inc.** (2017–2019) and **Raymond James & Associates, Inc.** (2016–2017). Fordham’s industry qualifications include the SIE, Series 7, Series 66, and Series 65 exams.
Other Business Affiliations:
- Let Bob LLC (10% owner)
- Flood-Con, LLC (5% owner)
- Kaaj Properties, LLC (manager)
- First Coast Honor Flight (Secretary/Treasurer)
- BNI & Vistage member
- St Johns BFF (Treasurer)
- Co-author of two books
Why Haselkorn & Thibaut Is Investigating Kendal Fordham
Haselkorn & Thibaut has launched a focused review after learning of an investor action involving Fordham’s investment recommendations while at Privileged Planning Inc. This review aims to support investors in understanding their options for recovery in the event of financial losses.
Key points of concern include:
- Allegations of unsuitable investment recommendations—specifically, structured products that may have been inconsistent with the client’s risk tolerance and investment objectives.
- Portfolio overconcentration—allegedly concentrating clients’ assets in structured notes, a practice that could violate industry rules if not suitable for the investor.
Complaints and Disclosure Summary for Kendal Ashley Fordham
Below is a summary table outlining Fordham’s registration history and disclosure background:
| Advisor Name | CRD Number | Broker-Dealer / Firm(s) |
|---|---|---|
| Kendal Ashley Fordham | 6504618 | Privileged Planning Inc. (current) Raymond James Financial Services, Inc. (prior) Raymond James & Associates, Inc. (prior) |
Public Records & Complaint History:
- Customer Lawsuit Settled for $107,000: Settled in Duval County, Florida, this action alleged unsuitable investment advice and overconcentration in structured products. The settlement underscores the importance of suitability and diversification in investment portfolios.
- Regulatory Reviews: No FINRA, SEC, or state regulatory actions or sanctions currently found on public records for Fordham (see BrokerCheck).
- Other Complaints, Arbitrations, or Civil Cases: No reported arbitrations, ongoing investigations, or prior customer complaints were identified in FINRA BrokerCheck or court dockets as of today’s date.
Potential Red Flags for Investors
It’s critical to be aware of certain practices that may not align with your best interests as an investor, including:
- Unsuitability: Recommending investments (like structured notes) that do not match your investment objectives and risk tolerance can be a violation of industry standards. FINRA Rule 2111 specifically addresses this obligation.
- Overconcentration: Focusing most of your assets in a single investment or product type increases unsystematic risk and can expose your portfolio to outsized losses. Both FINRA and SEC regulations stress the need for suitable diversification.
- Lack of Transparency: Make sure you understand all costs, risks, and fees associated with any recommendation or product in your portfolio.
- Not Currently FINRA-Registered: Fordham is not currently registered with FINRA, so your legal remedies may differ depending on when the advice was provided.
Tip: If you don’t receive clear explanations for investment decisions or your portfolio seems heavily weighted toward a single product, it’s wise to seek a second opinion from a qualified professional.
Steps If You’ve Experienced Investment Losses
If you invested with Kendal Ashley Fordham at **Privileged Planning Inc.** or during their tenure with **Raymond James**, and have concerns about your account or lost money, it is essential to act quickly. Financial losses are often recoverable in cases involving negligence or unsuitable investment strategies.
Here’s how you can proceed:
- Contact Haselkorn & Thibaut for a free, confidential consultation at 1-888-994-8066.
- Gather your account statements, correspondence, and records reflecting your investment objectives and conversations.
- Ask about the possibility of FINRA arbitration—a process that can allow recovery of losses without going to court and often resolves more quickly than traditional litigation.
- Remember: Haselkorn & Thibaut works on a contingency fee basis—no recovery, no fee.
Why Contact Haselkorn & Thibaut?
With offices across the country, Haselkorn & Thibaut brings decades of experience, millions recovered, and a national reach to every client-counsel relationship. Every situation is unique, but the sooner you act, the more options you may have for protecting your rights and recovering losses.
- 50+ years of combined experience
- 98% success rate in securities cases
- Millions recovered on behalf of investors
- No upfront costs; you only pay if there is a recovery
Ready to Take the Next Step?
If you suspect wrongdoing, have suffered portfolio losses, or simply want a professional assessment of your investments with Kendal Ashley Fordham or at Privileged Planning Inc., your first consultation is free and confidential. Call 1-888-994-8066 today for direct assistance from the lawyers at Haselkorn & Thibaut.
Every investor deserves transparency and fair dealing from their advisor. Stay proactive, ask questions, and reach out for help—you’re not alone when you have an experienced legal team on your side.
