How to Choose an Investor Representation Attorney
June 14, 2022
Investing can be risky, with investors standing to lose a great deal of money when things go wrong. However, investment losses are not always due to market swings or bad luck. Rather, losses are often caused by the inappropriate actions of financial advisors and brokers. Below are just a few of the ways in which brokers and advisors unnecessarily lose money for their clients:
Lack of diversification
Negligence, breach of fiduciary duty, and fraud
When a financial advisor or broker engages in any of these behaviors, it is often necessary to obtain experienced legal counsel to obtain compensation for your losses. Below is some information on choosing an investor representation attorney in Florida.
Ask Friends and Family for Recommendations
When it comes to choosing an attorney, a great place to start your search is by speaking with friends and family. However, it is important to seek out individuals who have dealt with legal issues similar to your own. For example, you would not want to hire a criminal defense attorney to represent you in an investor representation matter unless he or she was also experienced in that area.
Meet with Investor Representation Attorneys
The legal process sometimes moves slowly, so there is a good chance you will be working closely with your attorney for a prolonged period of time. Therefore, it is important to choose someone you feel comfortable with. A good way to gauge this is by meeting with prospective investor representation attorneys in person before making a decision.
Determine the Price
Make sure that you understand your prospective attorney’s fee structure early on. Attorneys usually base their fees on a number of different factors, including overall experience. A good way to gauge the potential cost of hiring a particular attorney is to ask what the total price was for similar cases that he or she handled previously.
Do Not Rush!
It is true that most legal issues require rapid action in order to ensure the best chance at compensation. However, you should take your time (within reason) when searching for an investor representation attorney.
If a Prospective Attorney Promises you Success, Walk the Other Way!
An excellent way to judge an attorneys’ effectiveness is by his or her previous results, and attorneys are permitted to share this information with you. However, no attorney should ever guarantee you a successful outcome in your case. If you meet with a prospective attorney and he or she guarantees you success, it is time for you to meet with a new attorney!
Investor Representation Attorney
At SIMMS LAW, P.A., one of our primary focuses is the representation of investors. The financial markets can result in great gains and losses, so expert legal representation is a must when attempting to navigate this complex area. At SIMMS LAW, we always take our clients’ concerns seriously and are aware of what is at stake when an investor suffers losses in the financial markets. Therefore, if you require expert legal guidance in Florida, please contact us for a consultation.