Money Mismanagement at Local Wealth Firm Leaves Clients High and Dry

A financial advisor in Longmeadow allegedly ran what looks like a classic scam, using client money for personal luxuries instead of investments. The U. S. regulator says John Brodacki III took $1. 8 million from at least 18 clients—mostly retirees—over several years. His estate now faces legal action after he died suddenly in March. Brodacki wasn’t supposed to touch client funds directly. His firm, Castle Hill Financial Services, operated under a larger registered investment company with strict rules. But records show he ignored those limits, moving money into his personal accounts. Instead of growing retirees’ savings, he used it for lavish meals, club memberships, family vacations, and even tuition payments.Some victims received partial refunds, but most got nothing back. The regulator’s complaint highlights how Brodacki allegedly faked account statements to hide the theft. One terminally ill engineer, a retired contractor, and a phlebotomist who trusted him were among those left struggling. Their investments—ranging from $20, 000 to $300, 000—disappeared into personal spending. After the parent company cut ties in December due to suspected misconduct, Brodacki kept operating normally. His LLC was later shut down, but by then, much of the damage was done. The case raises questions about oversight in smaller financial firms and why so many vulnerable clients were left exposed.