Answers to today's legal questions through blogs and articles

John Savadjian

John Savadjian, an experienced insurance broker and fiduciary financial advisor, always puts his clients’ interest ahead of his own.

Financial Advisor legal challenges

Common Litigation Challenges for Financial Advisors

Securities law deals with the regulations that apply to financial instruments like stocks, bonds, and mutual funds. In addition to preventing violations like insider trading, fraud, and market manipulation, these laws also promote greater transparency through a system of reporting and enforcement.

Within the financial planning field, there are plenty of rules and regulations of which financial advisors need to be aware in order to avoid legal issues.  While most financial planning lawsuits arise from losses caused by flawed financial advising, there are a number of instances in which a financial professional may be vulnerable to a lawsuit. While every financial advisor knows the duty of care they owe to their clients to work towards their best interests, it is also important for them to be familiar with other kinds rules violations that could result in litigation.

Why You Need a Financial Advisor

You Need a Financial AdvisorThere are many things you ought to do on your own, but managing your money may not be one of them. Regardless of your age, you likely work very hard for the money you earn; you need to know it’s working hard for you. But if you try to go it alone when it comes to managing it, you may find yourself behind the eight ball, particularly if you’re nearing retirement age. In fact, the more money you have to manage, the less apt you are to manage it well—if you aren’t a financial advisor yourself, that is. The more complex your portfolio, the more experience and knowledge an advisor you’ll need in order to navigate the intricacies of the financial industry. Here are some reasons why a top financial advisor may be a better answer for managing your money than going the DIY road.

Questions to Ask Your Financial Advisor about Your Retirement

Ask Your Financial Advisor about Your RetirementSaving for your retirement may not be so important when we’re young, but as we age we begin thinking more and more about it. How old will you be when you decide you don’t want to work full-time anymore? Or, more importantly, will you get to a point in your life when you feel you no longer can work full-time—or at all? These are the reasons why it’s important to not only begin thinking about your retirement when you’re younger, but it’s important to start doing something about it. Thankfully, if you’re older, you still have time to save for your retirement, but naturally, you have less time which means you’ll need to go a little more gung-ho at it. Whether you already have an advisor or you’re shopping for one, you need to know the questions to ask about your retirement in order to start saving properly. Top financial advisors have the 5 most important questions you must ask that will help ensure that you’re ready for retirement whenever you get there.

The first question you need to ask about your retirement is a question that only you (and your partner) can answer:  What do I want out of my retirement? You need to sit down and map out a realistic vision of your future that includes such items as where you will live and what you will do. For instance, have you and your spouse always dreamed of the proverbial cross-country Winnebago retirement? Or perhaps you’re the kind of guy who wants to spend his retirement fishing? Whatever your retirement looks like, do a little research in advance about what you’ll need. Then take the following questions to your financial advisor.