Chris McConnell AIFA

Mr. Chris McConnell AIFA

Chris McConnell & Associates
11420 Santa Monica Blvd, #1438
Los Angeles, CA 90025
Mobile: 310-943-6509
Office: 310-943-6509

Chris McConnell AIFA® has over forty years of experience including twenty years as an independent fiduciary expert on: the securities, banking, insurance and financial services industry regulatory and internal compliance, custom and practice, supervision, suitability, diversity, recruiting, training, fiduciary duty, securities analysis, valuation, compensation and or incentives for licensed and unlicensed persons and third party vendors or contractors. He has decades of hands-on, extremely broad and in-depth, provided continuing legal and professional education for over 15 years. Mr McConnell can, based on his personal and professional experiences, an accurate unbiased perspective on the financial services and banking industries since the late 1970's near the beginning of Wall St's disintermediation strategy up through the GFC (Global Financial Crisis) of 2008 and thru the present day 2024 financial, banking, insurance and real estate services, online ordering, digital, social and traditional media marketing, and payments industry issues. He's still an avid soccer player, and since 1995, in his spare time has scouted NCAA Division 1 Men's Soccer nationwide both online and in person, covering over 2,000 matches.

Chris McConnell & Associates pioneered flat fee, independent, conflict-free fiduciary consulting in 2003. Mr McConnell’s FiduciaryFORENSICS™ assesses performance, potential liability and damages for both plaintiff and defense counsel as consultant, investigator and or expert witness nationwide and internationally. While in the securities industry he oversaw a national and international portfolio of over 500 branch offices, including the real estate, leases, development and improvements thereof and FA, branch manager, regional manager, product coordinator and service support personnel compensation for over 8.500 financial advisors including overseeing nationwide forgivable loans issued to recruited FA's since the early 1980's.

He has a deep and authoritative understanding of all products and services, all profit and cost centers, accounting, compliance, internal audit, supervision, surveillance, privacy and IT systems of a major broker dealer including the securities industry as a whole. He was appointed two times to spearhead to design, implement and report on regional diversity and inclusion initiatives involving over 40 branch offices efforts to increase diversity thru recruitment, hiring, training, development and promotion.

Cases involve a wide variety of industries, entities and issues such as family or closely-held businesses, corporate governance, securities, banking, legal malpractice, payments, online ordering, e-commerce, social, digital and traditional media, bankruptcy, divorce, trust, insurance, non-profits, foundations, endowments, FINRA, ERISA, precious metals, hedge funds, private placements, derivatives, intellectual property, compensation, valuation, training and employment. Failure to supervise, suitability, breach of fiduciary duty, misrepresentation, fraud, taxes, best execution, proxy voting, Uniform Prudent Investor Act, ERISA, Uniform Management of Institutional Funds, Uniform Management of Public Pension Plans, Coogans' Act, UTMA, UGMA, 529 Accounts, 401K plans, 403b plans and multi-employer or Taft-Hartley plans

Account types and all manner of financial and insurance instruments not limited to include: trusts (all types), IRAs, IRA Rollovers, ERISA, Taft-Hartley, Profit Sharing, non-profits, foundations, endowments. And matters not limited to regulatory agency, legal malpractice, family law, bankruptcy, criminal, white collar crime and divorce matters.

Mr McConnell is also an expert on the causes of the 2008 global financial crisis and the more recent 2019 / 2021 global financial panic (dating to September 2019, pre-dating Covid-19).

Educational Background:
B.A. - Economics / Accounting option, Rutgers University;
M.B.A. - Graziadio School of Business, Pepperdine University;
AIFA® - (Accredited Investment Fiduciary Analyst), Center for Fiduciary Studies, Katz Graduate School of Business, University of Pittsburgh and
Extensive accounting and tax training, knowledge and experience including successfully passing the Uniform Certified Public Accountant (CPA) examination, State of New York Board of Accountancy.

Mr McConnell has a truly impressive command drawn from over 40 years of deep and extensive hands-on experience, training, education and knowledge of all levels and elements of the securities, futures, banking and payments, financial services and insurance industry (and since 2003 e-commerce, social, digital and traditional media, online ordering, delivery and payments) including but not limited to the legal entity corporate governance, compliance, regulatory, accounting, tax, supervision, employee recruiting, training areas, industry custom and practice, standard of care and customer experience. His expertise spans representations and warrants in ads, social media, press releases, solicitation, point of sale, merchants, user, financial advisor, support personnel, branch, complex, region, headquarters, legal entity, broker/dealer, bank holding company entities, enterprise, cloud to blockchain touch points including the budgeting, accounting, compensation, incentives, disclosures, conflicts of interest, advertising, marketing, tax, regulatory reporting and requirements culminating in unique, succinct and incandescent case insights.

• Since 2004 and prior to the 2008 GFC (global financial crisis) Mr McConnell issued brief, annual FiduciaryALERTS™ warning trustees and fiduciaries with prudent steps to take to help protect trust assets (such as real estate and real estate-based investments) and trust beneficiaries from the dangers of leverage building up in the financial system. The 2004 FiduciaryALERT™ included a red flag when the largest Wall St broker dealers’ Excess SIPC insurance coverage was abruptly canceled.

He has assisted on cases pro-bono such as for a claimant, a retired file clerk who had $26 left in her bank account (the subject of a Los Angeles Times article) to exceedingly complex individual and corporate tax, securities, pension plan, life insurance and annuities matters to multi-billion dollar class actions including liability, potential exposures, valuations and damages for:
1. ERISA plan violations by the largest commercial bankruptcy in Las Vegas history for the PBGC (the Pension Benefit Guarantee Corp. the US govt. agency which protects US workers’ pensions)
2. Bankruptcy estate around a hedge fund manager and the Beverly Hills celebrity poker ring (later made into the movie, Molly's Game on Netflix)
3. Divorce of an investment partner of horse racing’s 1977 Triple Crown winner Seattle Slew’s original breeding syndicate
4. Bernie Madoff Ponzi scheme, defense of a solo RIA (registered investment advisor)
5. Hollywood icon, intellectual property, Oscar-winning film copyrights, celebrity estate versus one of the largest trust companies in the world (probate matter)
6. Insured bank deposit sweep account class action & largest US broker/dealers banks’ multi-billion dollar customers’ funds diversion; a cause of the 2008 Global Financial Crisis and bailout
7. A nationwide gold coins, bullion & collectibles advertising and promotion scheme; illegal margin trading investigation
8. The successor trustee of a prominent family trust which operated a technology business (defense, of a founder of a prominent pension consulting firm)
9. The valuation of a Wall St financial advisor’s compensation & benefits plan under the 9/11 Victim’s Special Compensation Fund in a divorce (marital dissolution, family law)
10. A large family trust with operating farms, related brokerage account investments, trust heirs, beneficiaries and charitable trust, non-profit bequest dispute
11. The self-directed IRA involving an official of a national political party, foreign investment
12. Offshoring of US-based family trust bank accounts, over $100 Million claim in a constructive trust (Trust and Estate, Probate matter)
13. The criminal fraud impacting 5,000 investors in a VOIP patent investment scam, Ponzi scheme (Criminal defense)
14. Best execution matter for a Taft – Hartley, union pension plan
15. Publicly traded US home builder investigation, the issuer updated its SEC form 8-K disclosures
16. Investigation into the NYSE’s (then a non-profit) corporate governance & compensation paid to a former chairman
17. Professional athletes’ (one NFL & one NBA) high profile cases vs a major bank and affiliated broker-dealer
18. Elder financial abuse and exploitation, defense of a financial institution
19. IRA and subsequent conduit IRA, spousal Trust beneficiary and broker dealer malfeasance dispute involving one of the original investors in the Cheesecake Factory
20. IRA account and a medallion stamp signature guarantee, unauthorized transactions and withdrawals by a spouse against a global brokerage firm, within a related family law / divorce, trust beneficiary, child custody and bankruptcy case involving a pioneer of the fulfillments and promotions for the financial services industry
21. Corporate governance, termination, compensation of an employee/investor, medical technology industry
22. Rebuttal expert in re a legal malpractice claim, two adopted sons vs the trust and estate attorney for their deceased adoptive father
23. Violations of FINRA rules and regulations, broker dealer supervision, policies and procedures, unauthorized account transfers, change of beneficiary, medallion signature stamp guarantee, elder abuse and exploitation, breach of fiduciary duty involving the founder and owner of a closely-held family business vs a major broker dealer and a former licensed and registered employee
24. Elder abuse and unfair denial of benefits of membership by a fitness club, violations of required CA entity filings
25. Oscar’s (AMPAAS) awards recommendations and solutions (non-commissioned)
26. NCAA Division 1 Men’s Soccer investigation and solutions (non-commissioned)

When we are brought into a case, with over forty years of experience including hundreds of cases when on Wall St, and hundreds more as an independent consulting expert since 2003, we provide new, unique, fact-based insights and clarity which nearly always help bring about a settlement.



Office (310) 943 – 6509 accepts texts and calls

Complimentary brief initial consultations, subject to availability

Areas of Expertise
  • Auditing
  • Banking
  • Bankruptcy
  • Business
  • Business Law
  • Business Valuation
  • Business/Employment Insurance
  • Class Actions
  • Compensation
  • Corporate Governance
  • Demonstrative Evidence/Exhibits
  • Driver Behavior
  • Economics
  • Family Law
  • Finance
  • Forensic Accounting
  • Insurance Customs & Practices
  • Legal Malpractice
  • Liability Insurance
  • Mass Torts
  • Mergers & Acquisitions
  • Pensions
  • Personal Property Valuation
  • Private Investigators
  • Probate
  • Public Contracts
  • Risk Management
  • Securities
  • Stocks & Bonds
  • Trusts & Estates
  • Wrongful Termination

Expert Background
Q: Please list your professional accreditations, degrees, licenses, and certificates granted:
A: BA, Economics / Accounting, Rutgers University
MBA, Pepperdine University
CPA Exam - Passed, State of New York Board of Accountancy
Q: Please list any teaching or speaking experience you have had, including subject matter:
A: Mr. McConnell has delivered MCLE lectures qualifying for minimum continuing legal and professional education to attorneys, CPAs and schools since 2003.thru 2018
Q: Have any of your accreditations ever been investigated, suspended or removed? (if yes, explain)
A: No
Q: On how many occasions have you been retained as an expert?
A: Mr. McConnell has been retained over 200 times as either a testifying and or consulting expert
Q: For what area(s) of expertise have you been retained as an expert?
A: Mr McConnell is has provided consulting expert and or expert testimony and reports and or rebuttal expert opinions on nearly every investment product and service (please see provided by a broker dealer, affiliated entity such as an industrial or other bank or investment advisor involving underlying accounts such as: Securities, Pension, IRA, IRA rollover, ERISA Pension, Profit Sharing, Taft-Hartley Union Pensions, Defined benefit or 401k plans, Non - profit, Foundation, Endowments; as well as compliance and or violations of investigations of Outside Business Activities, Continuing Education. Entity formation and corporate governance

He has been retained in cases in - Family Law, Divorce, QDROs, Community and separate property, Financial Advisor misconduct, Branch manager misconduct, Retired FAs, Account distributions, Forgivable Loans, Stockbroker, Executive, National, Regional and Branch Manager Compensation Plans, Incentives, Valuation and Conflicts of interest and self-dealing in the financial services industry securities, banking, mortgage, payments, life insurance, annuities, and long-term care industries and many cases involving family and or closely-held businesses.

Other cases have been in the:
Trust & Estate, Probate, Surrogate / Financial Elder Exploitation and Abuse area

FINRA Securities Arbitrations

Legal Malpractice, Bankruptcy, Federal Agency, Investment adviser

Recruiting, Training, Employment, Compensation, Valuation

Online ordering, audits, digital, social media and traditional marketing, delivery, and payments

Mr McConnell is an expert on the underlying causes and ripple effects of the GFC (Global Financial Crisis 2008) his research on the subject
began in 1979 which impact cases prior to and after that date
Q: In what percentage of your cases were you retained by the plaintiff?
A: 70%
Q: In what percentage of your cases were you retained by the defendant?
A: 30%
Q: On how many occasions have you had your deposition taken?
A: Ten or more
Q: When was the last time you had your deposition taken?
A: 2023
Q: On how many occasions have you been qualified by a court to give expert testimony?
A: Ten or more
Q: On how many occasions have you testified as an expert in court or before an arbitrator?
A: 15 (an overwhelming majority of cases settle)
Q: For how many years have you worked with the legal industry as an expert?
A: 20 + years
Q: What services do you offer? (E.g.: consulting, testing, reports, site inspections etc.)
A: Fiduciary Assurance is a customized portfolio protection prophylactic for professional athletes, creative artists and their families and select HNW celebrity accounts including affiliated foundations and charities.

We bring over forty years of hands-on industry experience including as independent expert since 2003, services typically include pre-claim evaluations, client and witness interviews, standard of care, industry custom and practice, violations of securities, banking, credit, and other industry such insurance, real estate, mortgage or fiduciary duty, damages, expert reports, testimony, rebuttal expert, case consultations, discovery request support and review, deposition support and review, ADR, mediation and settlement support Over 90% of the global wealth is held in trust, thus we identify assets and or accounts subject to fiduciary duty or not, track and trace all activity related thereto to determine compliance or not with the applicable rules, regulations, policy & procedures, standard of care and or industry custom & practice.

At any time, any type of account, investment, asset (including intellectual property such as copyrights, trademarks, trade secrets and patents), insurance or annuity may become subject to an investment fiduciary duty * IN ADDITION TO * applicable suitability and branch, regional and national compliance customer account supervision and standard custom and practice in the securities, banking, lending, payments and financial services industries.

**Now more than ever before in the securities, banking, insurance and annuity industry uncertainty and confusion, potential self-dealing and conflicts of interest around account-specific applicable standard of care pose elevated risks of harm to customers' account(s) especially but nor limited to all trust, ERISA pension, 401k plans, not-for-profit, charity, foundation, endowment, IRA, senior citizen, elder and disabled, UTMA and UGMA accounts.**

Fiduciary performance audits address the parties, duties, and gaps if any

Divorce Fiduciary Audit™, Duffy Analysis™, QDRAb4QDRO™, FiduciaryFORENSICS™, Litigation, arbitration & mediation Consulting, Statement of claim, Suitability analysis, Document request and deposition script assistance, Post-Settlement Fiduciary Audits, Supervision, Financial Services, Securities industry employment disputes, Stock Broker, Investment adviser and branch manager compensation.

FINRA and general Discovery Support initial pleadings, review and analysis
Q: What is your hourly rate to consult with an attorney?
A: Brief initial consultations are available as time permits
Q: What is your hourly rate to review documents?
A: Rates, fees and/or availability are provided in a written retainer agreement after we communicate by phone and understand your needs,
Q: What is your hourly rate to provide deposition testimony?
A: Rates, fees and/or availability are provided in a written retainer agreement after we communicate by phone and understand your needs,

Rates, fees and/or availability are provided in a written retainer agreement after we communicate by phone and understand your needs,

Q: What is your hourly rate to provide testimony at trial?
A: Rates, fees and/or availability are provided in a written retainer agreement after we communicate by phone and understand your needs,

Q: Please list any fees other than those stated above (E.g.: travel expenses, copy fees, etc.)
A: An estimated working budget is provided to you before any billable work begins, upon your review, approval, return of signed engagement agreement work may be scheduled. Any such fees are discussed in advance before they are incurred, your approval is required.


References provided upon request.