How Wealth Management Firms Are Making Class Action Recovery A Competitive Advantage
Today’s investors must navigate a growing list of challenges when managing a shareholder class action recovery program. U.S. claim filings are under more scrutiny as administrators seek to prevent fraud in both SEC Fair Funds and standard securities class actions.
Historically, wealth management firms have kept their distance from the class action claims filing and recovery process. However, as firms come under heightened pressure to demonstrate their value and fiduciary stewardship, forward-thinking organizations are turning this historical “nuisance” into a profitable business opportunity – and a competitive advantage in the market.