Protecting Investors Who Have Lost Money through Lack of Diversification
One of the principal means of managing risk in investments is diversification, spreading the risk over different types of investments, so that problems in one market or with one type of investment will not expose you to the potential of significant loss. In today's complex investment arena, you may need to trust your financial advisor to oversee the proper diversification of your portfolio, retirement plan or 401(k). When your trust in violated and you lose significant value because of your advisor's failure to properly diversify, you want an experienced lawyer to protect your interests and help you recover full and fair compensation for your losses.
Attorneys Daniel R. Whitmore and Allen A. Glass aggressively represent individuals who have suffered financial losses because of misconduct by a financial advisor or broker, including losses resulting from a failure to properly diversify an investment portfolio. We have over 30 years of combined legal and financial experience, including time on Wall Street, with big 5 accounting firm, with the FDIC, the SEC and the Massachusetts state securities division. If you have put your trust in a financial advisor and your trust has been betrayed, we can help. Contact our office or call us at 206-329-8400 for a free initial consultation.
Investment Loss-Failure to Diversify
Even though you may understand the concept and the value of diversification, it can often be difficult, without spending a lot of time and energy, to do enough research to know and understand whether your portfolio is truly diversified. Consequently, you may find it necessary to trust your broker or financial planner to recommend investments that keep you from placing all your eggs in one basket.
For a variety of reasons, however, your financial advisor may fail to adequately diversify your investments. The broker or planner may have financial incentives for putting you in common stocks as opposed to mutual funds. Your advisor may simply be unwilling to spend the time or energy to find investments that spread your risk. Your broker/financial planner may not understand the real risk involved.
Regardless of the reason, if you have lost money because your portfolio was not properly balance, we can help you recover full and fair compensation for your losses. Typical situations involving a lack of diversification include
- Investing too much of your portfolio in stock of your own company
- Investing a relatively small portfolio in individual securities, rather than a mutual fund
- Investing in a supposed mutual fund, but one that violates rules governing mutual funds by putting more than 5% of the fund assets in a single security
We take all claims on a contingent fee basis. We will not charge attorney fees unless we recover compensation for your losses.
To schedule a free initial consultation, contact us or call us at 206-329-8400. Our office is open Monday through Friday, from 8:30 am until 5 pm, and evenings and weekends by appointment. We are located near the Fishermen's Terminal in Seattle. We have a Spanish speaking paralegal on site, if necessary.
