Representing Clients on Both Sides of Investment Mismanagement Disputes
Many of these cases are governed by Florida's prudent investor rule. In short, the rule states that trustees or other fiduciaries must manage the accounts in a way that "a prudent investor" would manage his or her own money. The critical issue is the conduct of the trustee rather than the actual performance of the portfolio. As long as the strategy was sound, it can be found to be prudent even if it was not successful.
In some cases, the trustee is a financial professional who makes the investment decisions personally. In others, he or she is essentially an administrator who hires a qualified professional to manage the accounts. Attorney Pearce will thoroughly review your case to determine if there were mistakes made and who was responsible. Depending on which side of the case you are on, he will build a case designed to either defend your actions as trustee or seek recovery of the losses you have suffered as a beneficiary.
Representing clients throughout Florida and nationwide.
Boca Raton Investment Account Mismanagement Attorney
A trustee or other fiduciary has a responsibility under the law to manage trusts and other investment accounts in a prudent fashion that is consistent with the accounts' stated goals and terms. Mismanagement of these types of accounts can result in significant financial losses for the beneficiaries and can lead to complex legal disputes.
Whether you are the trustee facing legal action or the beneficiary seeking to recover losses from your accounts, it is important that you have an experienced Boca Raton mismanagement of trusts attorney with the experience to protect your interests. The Law Offices of Robert Wayne Pearce, P.A., in Boca Raton, has successfully represented clients on both sides of these cases.
Schedule Your Initial Consultation With a Securities and Commodities Law Attorney
Mr. Pearce's experience on both sides of these cases allow him to provide much more effective representation to every client. Contact The Law Offices of Robert Wayne Pearce, P.A., in Boca Raton to discuss your mismanagement case. The firm can be reached by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.
