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Financial Advisor

Discussion in 'Banking, Finance, Investments' started by PurpleSong, Jul 30, 2022.

  1. PurpleSong

    PurpleSong Law Topic Starter New Member

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    Jurisdiction:
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    After my father passed away (2014), I put my inheritance in the hands of an independant financial advisor in 2015.

    I have requested I have everything back, with it being paid into my bank account. Yesterday the advisor informs me that it would go against their advice for me to take everything. Should I insist on doing this, they would terminate our client agreement and I would have to contact the various companies that have my money.

    Their Terms of business say nothing about the client having to get the money back. I have paid my fees and even agreed to an additional charge for them to check if I would have to pay tax and to get it all sorted for me.

    I kept repeating to the advisor that it is my money and therefore I want it back and they are contracted to handle my money.

    Where do I stand with this?

    Grateful for any help.
     
  2. justblue

    justblue Well-Known Member

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    This is a United States Law site.
     
  3. adjusterjack

    adjusterjack Super Moderator

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    If you think the financial advisor is doing you wrong, there seems to be two regulatory agencies that you might get help from: The Financial Conduct Authority and the Prudential Regulation Authority.
     

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