Breach Of Fiduciary Duty Dedicated to Delivering Results

New York Based Breach of Fiduciary Duty Lawyers

Attorneys Protecting Investors’ Rights Nationwide

Financial advisors are required by federal law to act in the best interests of their clients. Thus, financial advisors can be held liable for breaching the fiduciary duty owed to their clients. If you suffered harm due to an investment professional’s breach of fiduciary duty, you should seek the counsel of a knowledgeable attorney.

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Irwin Weltz Can Help Protect Your Rights

New York securities lawyer Irwin Weltz can analyze your accounts and assist you in determining whether you have sufficient evidence to bring a case against the party that caused your harm. He represents investors harmed by the fraud or negligence of brokers and financial advisors in litigation and arbitration in New York and throughout the nation. Irwin Weltz is well versed in the state and federal rules and laws that apply to financial services professionals and can provide you with aggressive representation.

Schedule your initial consultation by completing our online form or dialing (877) 905-7671 today.

The Fiduciary Duty Owed by Financial Advisors

Financial advisors owe an ongoing fiduciary duty to their clients to act in the clients’ best interests. The duties imposed on a financial advisor are outlined in the regulations issued by the Securities Exchange Commission (SEC). Specifically, financial advisors owe their clients duties of loyalty, care, disclosure, and good faith. These duties have been interpreted to mean that a financial advisor must place a client’s interests above their own, and they must disclose any conflicts of interest.

Furthermore, financial advisors are required to disclose any relevant facts pertaining to a transaction and avoid misleading clients or providing investment advice that does not align with a client’s goals. Thus, it is essential for a financial advisor to make sure that an investor understands the risks and potential rewards of an investment, and to recommend transactions that will align with the investor’s objectives and needs.

Proving a Breach of Fiduciary Duty

There are numerous ways in which a financial advisor in New York or elsewhere may breach the fiduciary duty owed to a client. Typically, any behavior that constitutes a failure to act in a client’s best interests may be considered a breach. In securities litigation and arbitration, breach of fiduciary duty claims typically arise due to a financial advisor’s misrepresentations:

  • pertaining to an investment
  • affecting the investor’s decisions regarding the investment
  • causing fraudulent or negligent actions

Even if a financial advisor’s inappropriate acts were not committed for personal gain, any act that fails to protect a client’s best interests may be considered a breach. If you are uncertain about whether your financial advisor breached the fiduciary duty owed to you, you should consult a capable securities attorney to discuss the facts of your case.

An investor who has been harmed by a financial advisor’s breach of a fiduciary duty may be able to pursue multiple claims against the advisor. For example, depending on the actions constituting the breach, an investor may be able to pursue a claim for fraud, misrepresentation, or negligence, in addition to a claim alleging a breach of a fiduciary duty. Each of these claims has somewhat different elements, so you should consult an attorney to determine which theory may be most applicable to your situation.

Discuss Your Situation with a Resourceful Securities Lawyer

Financial advisors have specialized knowledge and skill, and they owe a fiduciary duty to their clients to exercise their knowledge and skill in a manner that benefits their clients’ interests. If you suffered harm due to your financial advisor’s breach of their fiduciary duty, you should contact a skilled securities litigation attorney to discuss your case.

You can reach Weltz Law at (877) 905-7671 or through the online form to schedule a meeting to discuss your case.


Experienced & Effective
  • 30+ Years of Collective Experience

    Our attorneys have over 30 years of collective experience representing clients in all aspects of securities and commercial litigation.

  • Contingency Fees for Our Securities Law Clients

    We will not receive a penny in attorney's fees unless a positive recovery is obtained in your case. Contact us to see if you're eligible.

  • Free Consultations

    We will assess the merits of your claims and help you decide on the next step.

  • Litigated Claims in Excess of $50 Million for Our Clients

    Our firm is prepared to fight for you to seek maximum compensation.


Word From Former Clients
    Calmly walked me through the process.

    “Due to his hard work, the hearing lasted less than 30 minutes with the judge dismissing the complaint.”

    - L.K.
    Successfully represented me in a number of matters

    “Attentive to every aspect of my matters, always available to speak with me, gave me great advice and fought hard for me every step of the way.”

    - I.S.
    Truly terrific in every way.

    “He cared, he was responsive, and he guided me through a difficult time with compassion and expertise.”

    - F.S.
    I could not recommend him highly enough!

    “He was there to talk me through any questions and concerns I had until we decided on the best option for me.”

    - Securities Industry
    Smart, cost-efficient, and gets results.

    “My go-to lawyer for arbitration and regulatory matters for years.”

    - B.D.

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