Why clients win lawsuits against their financial advisors Blog added by Steve Savant on June 27, 2014
Steve Savant

Steve Savant

Scottsdale , AZ

Joined: January 28, 2005

My Company

The lack of communication with a discontented client can cause them to contact a legal professional or head out to the Internet and post negative remarks. Many disputes are escalated beyond their original conflict simply because the advisor didn’t reply. Another aspect in arbitration is the inability of the advisor to explain a primary provision in a contract or proposal that was the centerpiece of the client ultimate discussion-making process. And lastly, some advisors use technical financial or insurance language germane to their industries that can be misunderstood and all together untellable to a layperson. Ilya Lerma J.D. is interviewed in this video blog.

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