Joe Cordell gives tips to financial professionals

Joe Cordell Gives Tips To Financial Professionals In Financial Advisor Magazine

financial advisor magazineIn this month’s Financial Advisor Magazine column, Principal Partner Joe Cordell explains why it is so important for CPAs and other financial professionals to be extremely cautious when discussing legal matters.

The Dec. 11 article, “Toeing The Line,” explains that although financial advisors are usually drawing on a knowledge of finance that many of their clients don’t have, they should still refrain from giving legal advice unless they are a licensed attorney.

Given the wide-range of services financial advisors provide, it could be easy to end up giving legal advice. But that could land them in serious legal trouble, Mr. Cordell writes.

“Despite their responsibility to give clients options, however, advisors must be careful not to deviate into legal advice and opinion,” Mr. Cordell said, “even if they are familiar with the topics. Only a licensed attorney can prepare legal documents and offer specific advice on the application of legal principles to the facts at hand or opinions on the various alternatives.”

Read the full article here.

About Shawn Garrison

Shawn Garrison is an Online Editor for Lexicon, focusing on subjects related to the legal services of customers, Cordell & Cordell and Cordell & Cordell UK. He has written countless pieces dealing with the unique child custody and divorce issues that men and fathers face. Through his work on CordellCordell.com, CordellCordell.co.uk, and DadsDivorce.com, Mr. Garrison has become an authority on the complexities of the legal experience and was a content creator for the YouTube series “Dad’s Divorce Live” and additional videos on both the Dad’s Divorce and Cordell & Cordell YouTube channels.

Mr. Garrison has managed the sites of these customers, and fostered the creation of several of their features, including the Cordell & Cordell attorney and office pages, the Dad’s Divorce Newsletter, and the Cordell & Cordell newsletter.