Wealth Managers Attorneys in Dallas, TX

Wealth management is a recognized profession, typically involving professionals educated in fields such as finance, accounting, insurance, and related disciplines. Some wealth managers hold various certifications, such as Certified Public Accountant (CPA), Certified Financial Planner (CFP), Certified Wealth Manager (CWM), or stock brokerage licenses, among other credentials.  Wealth managers generally hold themselves out as financial experts and are widely recognized as such by the public.

Wealth managers primarily provide financial, investment, and asset protection strategies to wealthy individuals and families in their efforts to accumulate, preserve, and distribute their wealth to heirs and other beneficiaries. Wealth managers’ services vary according to their expertise, the focus of the business, and the specific interests and objectives of their affluent clientele. 

While their clients typically have significant financial success in industries such as medicine, high-tech, natural resource extraction, law, and more, wealth managers are skilled in a wide range of areas, including estate wealth accumulation, retirement planning, philanthropy, investment strategies, and tax policies that affect wealth. These professionals highlight their expertise by leveraging this knowledge to build trust with clients and guide them in increasing, protecting, and preserving their wealth for future generations.

The relationship between a wealth manager and their client is one of trust and confidence. In Texas, both formal and informal relationships of trust are recognized by law. A formal fiduciary relationship is created by statute, while an informal relationship arises when there is a relationship of “trust and confidence” between parties. The Texas Securities Act is a broad statute that addresses representations, untruths, and omissions. The term “securities” is interpreted by Texas courts to encompass much more than just stocks, bonds, and paper. 

Why You Need Seasoned Fiduciary and Business Attorneys

Lawyers can play a vital role in helping our non-lawyer neighbors, friends, businesses, and others to understand their rights, obligations, and protections under the law. Lawyers can come alongside affluent members of our communities to provide:

  • Pre-investment representation during which attorneys can review the wealth manager’s agreements, brochures, and contracts before execution
  • Skillful negotiations between wealth managers and their clientele to attempt to avoid costly, time-consuming disputes and public disclosures of sensitive wealth strategies 
  • Pre-litigation counseling services to review the actions or inactions of the wealth manager and evaluate:
    • Whether the transaction was fair and equitable
    • Whether your trust and confidence were warranted under the circumstances
    • Whether your wealth manager acted unscrupulously, engaged in self-dealing, or other actionable conduct
    • Whether you should file a lawsuit for breach of fiduciary duty against your wealth manager

Note:  Attorneys can represent either the affluent client or the wealth manager in such matters.

  • Representation when litigating cases of broken trust and confidence

How Coleman Jackson, P.C. Can Represent You in Fiduciary Matters

The experienced fiduciary law attorneys and counselors at Coleman Jackson, P.C. can help defend your interests when trust and confidence concerns arise, offering services such as:

  • Pre-investment representation 
  • Negotiations between you and your wealth manager 
  • Pre-litigation counseling, including evaluating the relationship activities
  • Representation in court or the appropriate judicial forum 

Questions About Fiduciary Duties of a Wealth Manager?

Contact the experienced fiduciary attorneys at Coleman Jackson, P.C. at 214-599-0431 today for any questions about your wealth manager fiduciary duties.