Are You A Retiree Who Lost Your Life Savings After Investing with a Stockbroker?
Our Skilled Retirement Loss Lawyers Can Help You Determine Whether You Have Grounds For Financial Recovery
Whether you are an elderly investor who has worked for decades to acquire a healthy savings balance or a younger investor preparing for later in life, Shepherd Smith Edwards and Kantas (investorlawyers.com) know how devastating it can be to lose your retirement funds whether due to an adverse event or because your financial advisor was negligent, careless, or purposely misappropriated your funds. As a matter of fact, many of the clients we represent are elderly seniors, younger retirees, and investors who sustained losses to their retirement monies because of investment advisor negligence or broker fraud. Over the years, our knowledgeable retirement loss attorneys have helped thousands of investors to recover damages from brokerage firms.
Some of the Types of The Retirement Loss-Related Claims We Handle on Behalf of Investors:
401(K)/Rollover Losses: While there are certainly advantages to investing in a company’s savings plan, 401(K)s can be vulnerable to market volatility and potential fraud by investment companies. Even rollover recommendations have their risks, especially if financial advisor negligence, account mismanagement, or misrepresentations and omissions were made.
Retirement Plan Mismanagement Involving Broker Fraud: Sometimes, an investor’s losses may be a matter of excessive fees or sales commissions charged, which are to the benefit of the financial advisor but not the investor. Retirement plan losses may also result because of bad investing advice or unsuitable investment recommendations by a broker.
Brokerage Account Mismanagement: Overconcentration of an older, conservative investor’s brokerage fund with too many risky investments is an all too common occurrence in the investing industry. An irresponsible financial advisor may even know that the client is looking for protection of the principal, while not wanting to take on any risks, yet still proceed to place their money in assets that are illiquid, volatile, and complex. In such instances, should serious investment losses result, the broker-dealer could be held liable for supervisory deficiencies or due diligence failures.
Elder Financial Abuse by Investment Advisers and Brokers: Retired older investors aged 65 and over, as well as senior investors suffering from dementia or other serious health issues, are among the more vulnerable targets when it comes to financial abuse. Unfortunately, bad brokers have been known to take advantage of these investors, many of whom end up suffering devastating investment losses because of this.
**An important part of protecting your savings is to ensure you have the right estate plan in place. Our dedicated senior investor loss attorneys have partnered with McCulloch & Miller to provide clients with elder law, estate planning, and trust services.
How Can Our Retirement Loss Lawyers Help?
Shepherd Smith Edwards and Kantas represent retirees, future retirees, senior investors, and elderly investors and their families in all manner of investment loss claims. We know how high the stakes can be and about the catastrophic consequences that can arise from losing your life savings.
For over three decades, our team of knowledgeable retirement investment loss attorneys has pursued damages from broker-dealers all over the United States. More than 90% of the investors we have represented have received full or partial financial recovery through arbitration, litigation, and mediation.
To schedule your free, no-obligation case consultation with our team of Retirement Loss Lawyers, call (800) 259-9010 or contact us online.