As a financial advisor, people trust you with their money, whether hard earned or from an inheritance. But as we all know, a lot of things could go wrong when it comes to managing someone else’s estate. In fact, A LOT of things can go wrong where money is involved. Luckily, your career doesn’t have to go down the drain simply because of a failed firm-to-firm transition or a buy-sell agreement gone wrong.

Securities Attorneys for Financial Advisors

Financial advisor lawyers in Chicago represent defend and counsel professional financial advisors in matters of legal nature such as employment through the use of litigation and arbitration, compliance and regulatory issues. When searching for a good securities disputes lawyer, go for one who is highly experienced and has a license in representing financial advisors. The lawyer should be capable of representing you before state securities regulators and other regulatory bodies such as FINRA and SEC.

As a broker, you may clash with your client leading to premature termination of the contract and sometimes even name defamation. A securities disputes lawyer is your best bet for legal representation in court for the best outcome such as being awarded damages by the arbitration panel. The lawyer can further ensure that the outstanding promissory note balance is declared null and void and the broker’s Form U-5 amended.

Broker Guidance

Securities attorneys for financial advisors also play an incredibly huge role in strategic consulting. This may come in handy during broker regulatory matters, investments, transition, and overall industry trends.

A reputable Securities Disputes Lawyer can review the terms of a contract drafted by the employer’s lawyer. Mostly a firm’s lawyer will draft the contract in favor of the firm, and unless you have a professional financial advisor lawyer assess it, you may sign a document that will regret signing later on.

If you are a breakaway broker or independent broker-dealer, you may need a securities financial lawyer to ensure an easy transition during a breakaway broker employment. The lawyer will also be able to offer you other legal services such as divestitures, acquisitions, mergers, practice transitions, strategic consulting, succession planning and other buy-sell agreements.