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ARTICLE · 17 NOVEMBER 2008

Hedging Risk - Avoiding Legal And Regulatory Risk For Investment Advisors

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A successful investment advisor (IA) is skilled at managing risk for clients who participate in the public markets.

CanadaStrategy
James Heelan
James Heelan
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This article was originally published in the October 2008 edition of IMCA Canada's Investments & Wealth Monitor.

A successful investment advisor (IA) is skilled at managing risk for clients who participate in the public markets. However, even successful IAs have ignored, to their peril, the risks that regulators and courts present to their business.

The past few years have been challenging ones for the public markets. The past few weeks have been beyond challenging. Clients are not as trusting as they once were and there are a growing number of lawyers who specialize in cases against IAs and who are willing to bring claims on a contingency basis. There are also stronger, better funded regulatory bodies monitoring IAs' conduct.

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