The Process Guarantee and Periodic Reviews
 

A financial advisor should only recommend financial strategies that plan for material changes in your circumstances. People’s lives evolve. We may get married or divorced, or move into any of the many variations of spousal and support relationships.  Some of us have children; some children have special opportunities and needs; some children get married; some never move out of the house.  Some of us care for parents and other family members or friends.  Some of us suddenly lose jobs or businesses or are compelled to retire earlier than anticipated. Some of us have health challenges or are attending to the health challenges of loved ones. We all age.

As your life evolves, so will your financial requirements, and a professional financial advisor must keep up with these changes. Even as you get distracted by your daily activities, it is the duty of financial advisors to make sure you keep them up to date on the significant changes in your life. This is a continuing and evolving obligation.

While financial advisors are responsible to solicit information from you, if you have been wisely proactive in telling them about the changes in your circumstances, they are also responsible for noting, and taking action suitable to, those changes.

The failure of a financial advisor to regularly review your situation, or to listen to your explanation of changes that have occurred, will likely result in some financial strategies being inappropriate to your circumstances, causing you needless increased risk of loss. This failure can be considered professional negligence.

If your advisor failed to regularly review your financial situation, contact us to see if you have cause to sue.