Cordell & Cordell Principal Partner Joe Cordell is scheduled to appear on Phoenix Money Radio’s Business for Breakfast” from 8:24 a.m. to 8:29 Central Standard Time on Thursday, Nov. 20. Mr. Cordell will discuss the recent column he wrote for Financial Advisor Magazine titled “Financial Advisors as Expert Witnesses – A Good Idea?”
In his column, Mr. Cordell offers a crash course for financial advisors taking the stand as a retained expert witness. He explains how financial advisors should prepare for a case when they are going to offer expert testimony, whether in a divorce or criminal trial.
Mr. Cordell’s tips include maintaining qualification as an expert in their respective field, remembering that they must educate everyone involved with the case on subjects that most are unfamiliar, becoming comfortable conveying the important aspects of testimony in a question-and-answer format, surviving cross-examination and more.
The article emphasizes that much of the advice can be used by anyone taking the stand, not just financial advisors.
“Proper preparation will prevent you from having to slip in important information when you were not directly asked the appropriate question, which most likely will draw an objection from the opposing party,” Mr. Cordell said. “It can be very beneficial to give your attorney an outline breaking down the most important aspects of your testimony with a few sample questions.
“You will also want to consult with the attorney to ensure you understand from a legal perspective what your testimony is designed to prove and how it fits in with the rest of the case.”
Click here to listen to Mr. Cordell’s interview live.