Financial Advisors Who Are Worried About Getting Wrongly Sued Should Keep A Long Paper Trail

Oct 2014 // Business Insider

Financial Advisors must be honest and meticulous to protect themselves from legal troubles. It’s pretty rare that clients sue their financial advisors. “About 95% of financial advisors don’t even have any customer complaints against them,” says Tom Ajamie, a lawyer who represents clients who have sued wealth management firms. But there are others who have many customer complaints.