Financial Advisor Stole Nearly $900,000

Finding the right people to help you with your estate and your financial affairs is more than just good advice- it can help protect everything you have worked so hard to build. Make sure you investigate the background of any professional you intend to work with so that you have peace of mind about your future.

It is always important to carefully vet and obtain references and testimonials for individuals that you wish to include in any aspect of your future such as your retirement planning, your financial planner, and your estate planning attorney. A new story has emerged indicating that an individual in New Jersey stole approximately $900,000 that a client had given that person to invest in mutual funds.

Money was given to a financial advisor in March 2011 to be invested in mutual funds overseen by an investment firm. Instead the individual spent the money on business and personal expenses including funds spent in a car dealership, a country club, lending institutions and a private school.