Most of us try to keep our work lives and personal lives separate. This is especially important for fiduciaries, professionals who handle money and other assets on behalf of clients. The law requires fiduciaries, including attorneys, to keep their clients’ assets separate from the fiduciary’s own funds. How commingling can make your money ‘disappear’ Failure […]
What is commingling? Read More »
An attorney’s advice to clients is typically based on their experience and knowledge of the relevant law. If your lawyer is unfamiliar with what the law says about a particular aspect of your problem, they will research the applicable statute, case law, regulation and/or common law. You rely on your attorney’s advice and trust that
When bad legal advice becomes malpractice Read More »
If you have lost a great deal of money while trading on margin on the advice of your stockbroker, you probably are feeling bewildered and upset. Your broker likely told you all the potential benefits of margin trading, but did they advise you of the risks too? Buying on margin basically means taking out a
Margin trading: what your broker should have told you about the risks Read More »
Instead of handling your retirement investments, you trust your broker to manage your portfolio wisely and according to your goals. In return, you pay them a commission or fee for each purchase or sale they make on your behalf. A responsible broker will only make one of these transactions to help you build wealth and
How a ‘churning’ broker can damage your investment portfolio Read More »
Building an investment portfolio requires time, patience and strategy. Success does not come overnight and progress comes in fits and starts as asset prices fluctuate. Working with a financial advisor can give you support and guidance in determining an executing an appropriate investment strategy. However, some financial advisors may lack honesty, experience or wisdom and
Protecting your investments from dishonest advisors Read More »