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Published - December 17, 2025
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Black Harbor Wealth Management became effectively inactive in the early 2020s following major scandals and lawsuits peaking in 2018-2019.The firm faced asset seizures from founder Chris Dixon in 2019 and multiple civil lawsuits over links to the Future Income Payments (FIP) collapse in 2018.
Financial Advisor
Medium Risk
Based on the available data, we suggest consumers approach this Company with caution.
This advisory is based on a medium-risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You may face moderate risks when engaging in consumer-related activities with this entity.
Based on the available data, we advise employees to be mindful when considering or continuing work with this Company.
This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity may involve moderate risks.
Based on the available data, we recommend investors and bankers proceed with caution regarding this Company.
This advisory is informed by a medium-risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Financial involvement with this entity may carry moderate risks to your interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
None
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Black Harbor Wealth Management is named as a defendant in a South Carolina lawsuit alleging misleading financial advice involving a Symetra Indexed Universal Life policy that cost a couple significant retirement savings.
The complaint alleges Black Harbor’s culture fostered aggressive sales tactics and failed to uphold standards of care when promoting complex insurance strategies.
Previous reports indicate Black Harbor was involved in multiple lawsuits related to the promotion of IUL retirement planning strategies tied to structured cash‑flow schemes.
Plaintiffs allege Black Harbor lacked adequate compliance mechanisms, allowing misleading materials and unsuitable products to be sold to clients.
The firm has been depicted as part of a network that promoted high‑commission and complex retirement products, raising questions about conflicted incentives.
Regulatory and Compliance Screening
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Reputational and Adverse Media Risks
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What you see here scratches the surface
We offer reward for actionable intel
Matthew Dixon is a registered investment adviser with Resolute Capital, with a record showing a settled customer dispute over IUL advice.
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Matthew Dixon is sued by a South Carolina couple alleging his IUL retirement plan advice using a Symetra policy caused them major financial losses.
Matthew Dixon is sued by a South Carolina couple claiming his IUL retirement strategy with Symetra cost them substantial savings and used unrealistic
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
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Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
1.8
2.3
2
2.5
Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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2/5
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1/5
3/5
Feels sus — not putting my money there.
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