FINANCIAL ADVISORS PROFESSIONAL LIABILITY INSURANCE

One of our strongest and most loyal clientele groups includes the following:

  • Financial Planners
  • Registered Investment Advisors
  • Investment Advisory Reps/Bankers
  • Asset Managers
  • Investment Management Consultants
  • Divorce Planners
  • Broker/Dealers
  • Hedge Funds and Mutual Funds

The main exposures of financial advisors, RIAs and financial planners lie in their ability to choose their clients appropriately, document their objectives and goals, select appropriate investment strategies, execute them without trading errors, and disclose all the risks and benefits of the investment strategy to their clients.

In every market downturn or recession, we have seen arbitration cases rise. The actual complaints can be brought through the NASD, the SEC, the American Arbitration Association, the NYSE, the SROs and civil court system, just to name few. As the costs of defending claims become larger, so will the verdicts and indemnity paid by our financial advisors.

We feel very strongly that the insurance programs we can offer our clients will protect them in almost every aspect of their practice.

The brief highlights include:

  • Claims made and reported
  • Coverage for life, health and accident sales available
  • Coverage for product sales as a registered representative available
  • Duty to defend coverage available
  • Access to pre-mediation legal counsel at no costs offered by the carriers on selected programs
  • Expertise and Experience of the most successful insurance carriers in defending advisors
  • Tax preparation coverage available
  • Covers discretionary and non-discretionary asset management

Reach out to any AJW broker to get started!