California Advisor Charged With Child Porn Possession

CalCoastNews.com reported last week that Holt, described as a 60-year-old resident of Pismo Beach, California, is accused of possessing the material from Jan. 1, 2023, through Feb. 7, 2024. If found guilty, he faces a maximum three years in prison, according to the news site, which reported the Atascadero police officers arrested him.

Holt spent roughly 10 years at Raymond James, from 1995 to 2006, and five years before that as a broker with Merrill Lynch, according to his record on the Financial Industry Regulatory Authority's BrokerCheck database. BrokerCheck indicates he is registered as a broker and investment advisor with Madison Avenue Securities.

On his LinkedIn profile, Holt describes himself as a married father who coaches baseball and softball as a hobby, is a member of the National Association of Christian Financial Consultants, and works mostly with clients seeking "money management with balance and predictability and desire a long term stream of income that grows with inflation."

Holt's lawyer wasn't immediately available for comment Monday. Madison Avenue Securities didn't immediately respond to email messages seeking comment.

Photo: Preservation Capital Group