Financial advisors in Michigan have a legal duty – under state and federal law – to look out for the best interests of clients. This duty of care comes with smaller tasks a prudent advisor must complete, such as supervising a client’s investments and making suitable recommendations. If an advisor negligently breaches any duties of care to a client, resulting in economic injury, the advisor could be liable for damages.
The attorneys at Meyer Wilson Werning have received numerous awards for their work on national investment fraud claims. We have what it takes to help you through a financial advisor negligence lawsuit in Michigan. Find out how we can help today during a free consultation. Contact us today.
Why Choose Us for Michigan Financial Advisor Negligence Claims?
- Our goal is to return any correspondence within 12 hours. We believe in responding promptly to all client requests for information.
- Our lawyers can bring the knowledge of more than 20 years in the practice area to your case against a negligent financial advisor.
- Our law firm has the resources you need for the strongest possible negligence claim, including relationships with securities regulators and expert witnesses.
- Our legal services come at absolutely no financial risk to you. We operate on a contingency fee basis, with $0 down and no fees unless we win.
When to Speak to an Attorney
Financial advisor negligence is a significant issue that could lead to substantial (and preventable) financial losses on your part. You do not have to accept these losses without a fight. If you suspect a financial advisor has been guilty of negligence, and this is why you recently lost money on a bad investment or trade, retain an attorney for assistance. A lawyer from Meyer Wilson Werning can immediately protect your rights.
Four Elements of Proof for a Negligence Claim
A claim against a financial advisor based on negligence is not the same as one that alleges fraud. In a negligence claim, the burden of proof requires proof only that the advisor breached a duty of care – not necessarily that the breach was intentional. It is unnecessary to prove intent to have a successful negligence claim against a financial advisor in Michigan.
- Duty of care. An advisor-client relationship must have existed at the time of the alleged negligence, bringing with it certain duties of care for the advisor. These duties are often referred to as fiduciary in investment law.
- Breach of duty. The advisor must have negligently or carelessly breached a duty of care he or she owed the client. A breach of duty could be any type of accidental mistake or misconduct.
- Causation. The advisor’s breach of duty of care must be the proximate, or main, cause of the client’s economic losses. The client’s lawyer must be able to prove the damages in question would not have happened were it not for the financial advisor’s negligence.
- Damages. The plaintiff’s attorney must demonstrate proof of damages, or losses, on the client’s part. Proof may come in the form of account statements, letters from the financial advisor, testimony from friends and family, and expert witnesses.
A lawyer from Meyer Wilson Werning can take years of experience and put it toward proving your claim before a judge or jury in Michigan. Our attorneys understand the burden of proof in financial advisor negligence claims, as well as what it takes to obtain top compensation for these claims.
Find Out if You Have a Negligence Claim Today
You may have lost thousands of dollars because of a financial advisor’s negligence or misconduct. If this is the case,you may be eligible to recover these losses from the at-fault party. Meyer Wilson Werning has attorneys who can go up against large and powerful financial firms in Michigan on your behalf in pursuit of fair recovery. Find out if you have a case today during a free evaluation at our local law office. Call (614) 532-4576 to speak to a lawyer today.