Retirement Investment Losses

Shepherd Smith Edwards and Kantas (SSEK Law Firm at represent investors who have suffered losses to their retirement funds and investments because of broker negligence, investor fraud, or fund mismanagement.

Our clients include senior and younger retirees and investors who have not yet retired but have lost money in their retirement fund because of careless or improper handling and failure to supervise.

Unfortunately, investors with retirement funds continue to be a favorite target of unsavory brokers and money managers seeking to make money from charging high commissions or unsuitably investing these customers’ funds in investments that are too risky and unsuitable for their risk tolerance levels and portfolio profiles. When this happens, it can be devastating for retirees and others who have spent years working hard to build a nest egg to see those funds disappear.

At SSEK Law Firm, our skilled retirement losses attorneys and investment loss lawyers have been fighting for investors for over 30 years, and most of the clients we have worked with have received total or partial financial or investor recovery with our help.

Call (866) 931-7628 today to request your free, no-obligation case consultation so that we can explore your legal options with you.

When Broker Negligence Leads to (401) K and Rollover Losses

In any economy, individual retirement savings are critical. You work hard and build your whole life in order to retire and live well during retirement. In fact, the most popular retirement vehicle, the 401(k) plan, has been the primary source of retirement income for 60 million Americans, more so than Social Security and pension plans.

However, it is important to note that 401(k)s were never meant to be retirement plans in the first place.

Created in the late 1970s as a savings plan and tax shelter for ordinary Americans, many companies switched from funding pension plans to helping contribute to 401(k) plans for employees because it was cheaper for the employer. This defined-contribution retirement account lets employees save part of their salary, tax-free, and the funds from their account are invested until retirement.

However, because of this shift, the financial market now indirectly holds many Americans’ retirement savings. This makes their accounts subject to the ebb and flow of the market and vulnerable to potential fraud or negligence from financial advisors or investment companies. Even rollover recommendations can prove risky for investors.

For example, because a broker has often convinced them to do so, an investor will decide to roll over their 401(k) or lump-sum distributions from their pension to an individual retirement account (IRA) at a brokerage firm.

Sometimes, this recommendation, coupled with stockbroker negligence, misrepresentations or account mismanagement, can lead to significant investment losses. SSEK Law Firm is committed to helping investors recover such damages.

Representing Individuals with IRAs & Keough Plans

SSEK Law Firm also represents individuals with individual retirement accounts (IRAs) and Keough plans. An IRA is an investment account that offers tax-advantaged ways to save for retirement. It can be set up through a bank, a brokerage firm, or a Robo-adviser. A Keough plan is for self-employed workers and unincorporated businesses. It is a tax-deferred pension plan for retirement.

When it comes to retirement, we all want to be assured that our 401Ks, IRAs, and Keogh plans are substantial enough to support us once we stop working. However, retirement plan mismanagement or broker fraud can derail those plans.

Excess Fees & Retirement Plan Mismanagement

Retirement plan mismanagement involving broker negligence can involve a financial advisor charging excessive fees for plan management, administration, account management, sales charges or commissions.

These fees add up over time and can cost an investor significantly. Not only that, but your plan sponsor owes you a fiduciary obligation to manage your retirement plan in a way that is prudent and to your benefit.

If you believe you’ve been the victim of retirement plan mismanagement, our securities lawyers and investment loss attorneys can help you fight to recover your investment losses. Call (866) 931-7628 or contact us online.

For More Information About How SSEK Law Firm Can Help Retirees and Seniors Experience in Asset Protection and Long-Term Care Planning for Retirees

Part of protecting your money and other assets is to make sure you have the right estate plan in place. For that reason, SSEK Law Firm works with McCulloch & Miller, PLLC, to assist our Texas clients with their full elder law and estate planning needs. We also partner McCulloch & Miller with our clients nationwide as we have access to other top-notch estate planning firms across the country.

We want to be sure your assets, including any that we may recover for you, are protected for your family or future needs.

McCulloch & Miller offers a free consultation to our clients who are interested in estate planning, have long-term care needs, or have general elder law questions. You can contact them at (713) 333-8900 or by sending an email online. If we can further assist, please let us know.

Client Reviews
"I am going to miss conversations with you, Sam Edwards. You’ve been a wonderful lawyer and a friend. I loved learning legal jargon from you. But, even more, it is your self-respect and commitment to your position that I admire and your persistent patience-your equanimity. With great appreciation, thank you!" M.B.
"My experience with Ryan Cook has been very positive. Through every step of the litigation he explained what to expect to happen. When I spoke with him later he reviewed the process. He was very patient, and I never felt rushed. I have already told friends how wonderful he is." L.R.
"I want you to know that I very much appreciate your expertise, hard work, and guidance that led to a satisfactory resolution with Raymond James. From our first meeting, I felt "heard" and that my situation and story were respected. Every subsequent interaction I had with any of you - in person, via email, or by phone - only corroborated that feeling. What great work you do on behalf of people like me who have been wronged, yet don't know how to navigate the appeals/mediation/arbitration process as you do. I will be forever grateful." M.L.
"Good positive experience. Guided us through a difficult process and was pleased with the outcome. Everyone I dealt with was exceptional." A.G.
"Good intelligent attorneys who never miss a beat. I set my expectations high, and they delivered above and beyond. Do not miss the opportunity to let SSEK represent you. Top-notch, efficient and effective firm." S.M.
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