As a Securities Attorney and Boca Raton Probate Lawyer, Todd A. Zuckerbrod P.A. understands the complexities of managing and protecting the assets that you have accumulated over the years, as well as the pitfalls that often await the unwary. Whether your assets are invested in securities or other investment vehicles in a brokerage account, or they are included in one or more trusts for the benefit of your heirs in the form of securities, real estate, insurance products, personal possessions, and more, you want to make sure they remain safe, and appreciate in value while under management.
WORKING TO KEEP THOSE WHO DEAL WITH OTHER PEOPLE’S MONEY HONEST
Unfortunately, any time there is a significant amount of money involved in an investment account or trust, it can pose a temptation for the unscrupulous. Most financial advisors and trustees are honest, competent, and careful; but not all.
On the other side of the coin, being a stockbroker, financial advisor, or a trustee managing someone else’s assets can put you in a position where you are blamed for losses in value or mismanagement, when in fact you have managed the funds in your care to the best of your ability. They may have been affected by a general downturn in the market or some factor that you have absolutely no control over, resulting in your being wrongly accused of breach of fiduciary duty, fraud, or some other type of wrongdoing.
Money can corrupt, but money can also make people perceive possible corruption where it doesn’t exist, staining an honest fiduciary’s good name.
Laws exist to protect those who trust others to handle their assets; they also serve to protect the broker or trustee from unsupportable accusations. State and federal laws set forth rules and standards by which anyone who serves in a fiduciary capacity must act. These rules and standards, as long as they are followed, protect those who entrust their assets and those who manage them; but they must be meticulously followed. Among other legal requirements, a fiduciary – whether a financial professional, brokerage firm, or trustee – must always put the interests of the owner or the owner’s beneficiaries above his own, must not intermingle funds or use a client’s funds for his own benefit, and must keep in close communication with the client or the client’s beneficiaries.
Experience, Integrity, Ability, Results
Having worked in the securities industry for over 30 years, Todd Zuckerbrod, a versatile attorney, also has a passion for probate litigation, Palm Beach. He has been an Enforcement Attorney with the New York Stock Exchange, in-house counsel with the Litigation Department of Merrill Lynch, including two years in London, a securities defense attorney with the law firm Greenberg Traurig in West Palm Beach, General Counsel to one of the oldest brokerage firms in the United States and now, a private Palm Beach Probate & Securities practice.
Mr. Zuckerbrod gained a detailed knowledge of Trust and Estates from working on trust cases for Merrill Lynch Trust Company, overseeing outside counsel on litigation of Trust matters, dealing with duties as an executor of will, South Palm Beach, and trust issues arising in arbitration and as General Counsel of a brokerage firm. In private practice, Mr. Zuckerbrod has continued to pursue matters involving trusts and estates in both arbitration and court.
Mr. Zuckerbrod is admitted to practice in Florida and New York as well as the Federal Courts in the Southern and Middle Districts in Florida and the Southern and Eastern Districts in New York.
Todd A. Zuckerbrod
Todd A. Zuckerbrod graduated S.U.N.Y. Binghamton with Honors in 1984 and Benjamin N. Cardoza School of Law in 1987. By the time Mr. Zuckerbrod had graduated from law school, he had interned two summers in the law departments of both Merrill Lynch and Prudential Bache Securities. He had worked part time in a branch office of Merrill Lynch, had been an intern in the Law and Compliance Department of Merrill Lynch in London (during a semester abroad while attending law school) and had interned for a semester with the Securities and Exchange Commission (SEC) in New York.
Mr. Zuckerbrod began his legal career as an Enforcement Attorney with the New York Stock Exchange (NYSE) and subsequently joined the Law Department of Merrill Lynch where he worked for 13 years, including two years in London covering Europe and the Middle East. While at Merrill Lynch, Mr. Zuckerbrod handled arbitrations, regulatory issues, internal investigations and international cases. He also worked on the regulatory, criminal and civil matters in the U.S., U.K. and Japan, arising from an alleged manipulation of the copper market and an undisclosed loss of over $2.6 billion by a trader working for a copper merchant. Up through that time, it was the largest financial fraud in history.
“Todd Zuckerbrod has worked in the securities industry for close to 30 years and has handled well over 100 securities arbitrations. ”
Mr. Zuckerbrod also represented Merrill Lynch Trust Company and has for decades dealt with complex trust and estate issues and has a vast understanding of fiduciary duty.
In 2002, Mr. Zuckerbrod joined the law firm of Greenberg Traurig, P.A. where he primarily defended such clients as Morgan Stanley and Smith Barney in securities arbitration. Mr. Zuckerbrod’s tenure at Greenberg Traurig also included jointly representing a plaintiff in a contract dispute in state court in Florida, resulting in a jury verdict of $5 million.
From January 2008 through June 2010, Mr. Zuckerbrod served as the General Counsel to one of the oldest brokerage firms in the United States. He counseled the firm’s management committee, commitment committee, oversaw the firm’s regulatory functions and personally handled the vast majority of the firm’s arbitration and litigation matters.
Mr. Zuckerbrod’s practice has increasingly included trust and estate litigation for which his extensive knowledge of trust law and investments gives him a unique insight. Mr. Zuckerbrod has witnessed first hand the challenges created when an aging grantor, child or a trust company becomes the trustee. As a result, Mr. Zuckerbrod is an ideal choice as a Trustee or Co-Trustee in order to protect and serve the interests of grantors and beneficiaries.