Kalyx Capital Management — Local services in Bend

Back in 2017, like many of David's clients, I was sold a limited partnership fund called GPB Capital. The minimum investment was 50k. Fast forward, the fund is under a federal investigation as an alleged Ponzi Scheme. My original investment has never exceeded the 50k, far from it. Worse yet, after a November '21 sale of the fund, the K1 tax forms identify a capital gain...which my year-to-date taxes have me paying out over $7000 in additional federal taxes (5k for 2021 alone) for the priviledge of owning the piece-of-crap...an investment that will NEVER return the original 50k that David diverted from my portfolio. Now I discover that David was paid an up front, whopping 16% commission for this product (Hmmm), while all of his clients will lose money on this fund & like me, may be adding insult to injury by paying additional taxes, due to capital gains that only appear on paper...meaning the investors are not realizing that gain in the form of "actual distributions". Don't take my word for it, do your own research on this colossal boondoggle! Also note, none of these reviews are current, because I'm not his only client in this position!

Update 5/20/25: The DOJ has convicted the perpetrators of this limited partnership (GPB). The founders are going to federal prison. Some investors are receiving a settlement of less than 13% of their original investment. All the while, David was paid more than that percentage in “up front” commissions…while always defending diverting his trusted client’s dollars to this Ponzi Scheme. While not exactly a Bernie Madoff, his short term greed has cost all of his clients hundreds of thousands of dollars in retirement funds to be lost forever!!

More unfavorable news on the “advisors” that are associated with Kalyx Capital Management…

The recent complaint against Donald Peabody, a Coos Bay, Oregon-based advisor, is particularly concerning due to the significant alleged damages of $500,000.

According to FINRA records, Mr. Peabody is registered as a broker and investment advisor with Osaic Wealth and represents Kalyx Capital Management. The complaint, filed in June 2024, alleges that while representing Umpqua Investments, he made unsuitable recommendations related to a real estate investment, resulting in the...

I've had the pleasure of working with Ben Petersen as my financial adviser for several years now and I cannot recommend him highly enough. Ben's expertise and knowledge is truly impressive. He took the time to understand my financial goals and tailored a plan that was perfect for my wife and I.

Ben was thorough in explaining all options available to us and simplified our investment choices for easy understanding. He is attentive and responsive to any questions or concerns that arise throughout the process.

Thanks to Ben's guidance and advice, we have successfully earned money year after year from our portfolio. I am grateful for his professionalism and highly recommend Ben Petersen to anyone in need of...

I have been fortunate to work with Ben Petersen for over a decade now. During that time his willingness to take time to understand my particular and evolving needs and provide tailored advice has been refreshing. He demonstrates expertise on a wide range of investment options and strategies, and an ability to help you to select those that best fit your needs. Under his management my portfolio has seen consistent and outsized growth over the years. I would highly recommend his services to anyone looking for wealth management, investment guidance, or...