When you consult financial advisers to handle your money, you're likely doing so because you aren't sure how to invest your assets. Like many people, you might trust the adviser you give your money to. However, you must ensure that you periodically check in so that you're sure your finances are protected. If you begin noticing these investment issues from your adviser, it could be time to reach out to a securities attorney.

Disappearing Funds

Often, the most blatant and noticeable action an adviser can take is to take some of your funds. For instance, they may claim they're investing all your money, only to set some aside for themselves instead. You're likely already paying your adviser for their services; there should be no reason for missing money or funds that can't be accounted for.

However, if you're not opening your statements or paying attention to total amounts and your returns, it's easy not to notice that money is gone. Therefore, make a point of looking at and adding up money totals in the documents that your adviser sends you. If something is awry, legal action is an option.

Inappropriate Investments

It can be tough to realize that your adviser is putting your money somewhere that it shouldn't be. That's because they are supposed to be the experts on financial matters. However, if you see that the investments they're choosing for you are incompatible with your financial goals and situation, that's cause for real concern. For example, if you're an elderly person on a fixed income, it's generally unwise to put your money in volatile, unproven stocks. A legal case could be made against an adviser who does that.

Lack of Diversity

Just as an adviser shouldn't be making investments on your behalf that are risky for you, they shouldn't be playing it too safe either. If your financial adviser is pushing you to put all your money in one or two solid stocks in the same industry, for instance, that could mean financial trouble. You might not realize that because you trust both your adviser and the stocks they've chosen, but if there's some unforeseen problem with those few stocks, you could lose a lot of money. Diversification is key, and if your adviser isn't doing that and your investments tank, you could have legal standing to sue.

Your diligence is required to notice any of these behaviors. If you grow suspicious that your financial adviser is taking advantage of you, ensure that you discuss your portfolio with a securities lawyer who can more closely examine what's happening and take legal action if necessary.

For more information, contact a law firm like Carter & West Law.