Darn! no edit button.  The paragraph:

His initial complaint was quickly squashed when I pulled out an inch of logs that showed that not only had I specifically advised AGAINST what he did, but that I had warned him of violating his fiduciary responsibilities to the trust AND had even suggested that he could invest in tech sector funds and probably do as well or better after taxes and fees.

All better now.

Field Services is a joke. Brokers go there to take over a large office at some point in the future. They send you computer generated cover their ass wires (although it is electronic mail) and usually they ask you to have them sign switch letters. I actually got one for taking profit (what a friggin concept) recently and buying 1 year CD's in an IRA!

Most of them were in college or struggling as an IR somewhere in 2000-2003. It was then that I learned my lesson , when I see profit anywhere with little or no tax consequence, at the very least, I am speaking to clients about protecting it. If they don't take my advice, I note it. Heirs are ugly sometimes.

Do you ever wonder why EDJ chooses to self insure? Because its cheaper for the partners. Someday that will change. They will just charge us.

lostintexas:

Man, I learned this lesson as a rookie and got lucky to escape unscathed.  In a different firm, my ass would have been grass!

Document, document, document.   AND

don't be afraid to fire high risk clients!

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Good for you, lostintexas!