Haselkorn & Thibaut, a national investment fraud law firm, has opened an investigation into Mark Alan VanVoorhees, a financial advisor formerly with Berthel, Fisher & Company Financial Services, Inc. If you invested with Mark VanVoorhees and have concerns about your account, this report is essential reading. Understanding your advisor’s background, complaint history, and current issues is key to making informed decisions about your financial future.
Who is Mark Alan VanVoorhees?
Table of Contents
Mark Alan VanVoorhees (CRD#: 2556390) is an advisor who has been active in the financial industry for over two decades. As of January 2019, he has been registered as an Investment Adviser Representative with Belpointe Asset Management, LLC (Reno, NV). He was previously associated with Berthel, Fisher & Company Financial Services, Inc. from 2011 to 2018, serving clients primarily out of Frankenmuth, Michigan, and holding positions at several other broker-dealers since the 1990s.
In addition to his financial advisory roles, Mr. VanVoorhees has engaged in various other business activities including real estate (as president/broker of VanVoorhees Real Estate Services, Inc.), university instruction (adjunct professor), and involvement with event planning and arts foundations.
Interested investors can review his public regulatory disclosures at the official BrokerCheck page.
Summary Table: Key Facts About Mark A. VanVoorhees
| Field | Value |
|---|---|
| Name | Mark Alan VanVoorhees |
| CRD Number | 2556390 |
| Current Firm | Belpointe Asset Management, LLC |
| Former Broker-Dealer | Berthel, Fisher & Company Financial Services, Inc. |
| Location | Frankenmuth, MI; Reno, NV |
| Other Affiliations | Real Estate, University Adjunct Professor, Event Design, Insurance, Arts Foundations |
Recent Complaint & Investigation Details
Haselkorn & Thibaut has begun reviewing the case of Mark VanVoorhees due to recent investor complaints and an ongoing FINRA arbitration filed in July 2025. The details surrounding the customer allegations are a critical concern for current and past clients.
- PENDING ARBITRATION (Filed July 2025): In FINRA Case No. 25-01544, a customer dispute was filed naming Berthel, Fisher & Company Financial Services, Inc. and involving Mark VanVoorhees.
- The central allegations include:
- Unsuitable recommendations in oil & gas private placements (Direct Investment – DPP & LP Interests)
- Overconcentration of client assets in a single, illiquid sector
- Misrepresentation and omission of material facts
- Improper “hold” recommendations (which are subject to industry suitability rules)
- Claimed damage amount: Not specified (as of the latest statement of claim)
- Status: Case is currently pending
If you invested in alternative investments, oil and gas, or private placements while working with Mark VanVoorhees and have experienced losses, these complaint details should prompt immediate review of your portfolio and account activity.
Understanding the Red Flags
- Unsuitable Recommendations: Selling risky or illiquid investments, like oil & gas partnerships, can be inappropriate for many investors seeking stability or income. Advisors have a duty to recommend products in line with your goals, risk tolerance, and overall portfolio.
- Overconcentration Risks: Concentrating a sizable portion of your assets in one product, sector, or strategy increases your portfolio’s risk. Diversification is essential for risk management.
- Misrepresentation or Omission: Failure to disclose how an investment operates, its fees, risks, or liquidity limits is a serious compliance violation.
- Improper “Hold” Advice: Advising clients to maintain risky or unsuitable positions without regular reviews and adjustments is inconsistent with professional standards under FINRA Rule 2111.
Alternative Investments, including oil and gas partnerships, often carry higher risk, increased fees, and less regulatory oversight than traditional stocks or bonds. They are typically illiquid, meaning you may not be able to exit your investment easily or at a fair price.
Other Relevant History and Activities
- Other Past Firms: In addition to Berthel Fisher (2011–2018), Mark VanVoorhees was associated with several firms since 1995, including American Portfolios, SagePoint Financial, Lincoln Financial Advisors, FB Equity Sales Corp., and Allmerica Investments.
- Additional Business & Affiliations: Current or previous engagements in real estate, teaching, insurance, and the arts may mean overlapping priorities. If your advisor has multiple business roles, ask how your account is monitored and where your advisor’s focus lies.
Next Steps: What Should Investors Do?
If you held accounts with Mark VanVoorhees—especially at Berthel, Fisher & Company Financial Services, Inc.—or were recommended high-risk, non-traded, or illiquid investments, consider having your accounts reviewed for any signs of unsuitable activity or other misconduct.
- Request a full portfolio review from an independent expert if you have questions about your investments or advisor conduct.
- If you have suffered losses, contact investment fraud attorneys experienced in FINRA arbitration. Many cases are handled on a contingency basis, meaning there is no fee unless money is recovered for you.
Haselkorn & Thibaut is investigating these matters and offers free, confidential consultations to clients nationwide. With over 50 years of combined securities law experience, a 98% success rate, and millions of dollars recovered for investors, our team stands ready to help. There is no recovery, no fee.
Call 1-888-994-8066 today for your free consultation with Haselkorn & Thibaut’s national team of investment fraud attorneys.
Take the first step to protect your financial future.
Summary: Why a Free Case Review Matters
If you have concerns regarding Mark Alan VanVoorhees and your investment accounts, prompt action can make the difference in recovering your losses. A timely, confidential, and no-obligation review could provide critical answers about your money and whether you have a case for recovery.
Your finances deserve attention from knowledgeable, experienced counsel. Contact Haselkorn & Thibaut at 1-888-994-8066.
