Should I get a lawyer to look over my contract with my financial advisement firm?

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Larry McClanahan, Financial Advisor

@LarryMcClanahan • 07/09/15 This answer was first published on 07/09/15. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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You could, but it'd probably be an unnecessary expense. Most (true) advisory firms have either had a lawyer draft the contract or have adapted a legal template contract to their needs.
Are you concerned that the firm is not doing the right thing for you or that you may end up in a dispute with them? Is the contract unclear or does it contain provisions that lock you into an arrangement that causes you concern? Those would be the kinds of reasons that might warrant having your lawyer review it. Otherwise, it probably isn't necessary.

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