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Investment Management Expert Witnesses

Investment management disputes arise when institutional clients, trustees, and investors conclude that the professionals entrusted with their assets fell short of their fiduciary or contractual obligations. Pension plans, endowments, foundations, and trusts pursue registered investment advisers and wealth managers over imprudent allocations, concentration, and departures from investment policy statements, while mutual fund boards, advisers, and shareholders litigate fees, valuation practices, and compliance with the Investment Company Act. Sub-advisers, administrators, and other service providers face claims when operational, trading, or reporting failures cause losses. In each case, the central question is whether investment decisions, oversight, and disclosures met the prudent expert standard and the governing agreements, and what portion of any loss is attributable to a departure from that standard.

An investment management expert evaluates that question by reconstructing the investment process and measuring it against professional norms. The expert can review investment policy statements, management agreements, committee minutes, and trading records to assess whether portfolio construction, diversification, and risk controls were consistent with the client's objectives and constraints. Where valuation is disputed, the analysis may address fair value measurement under accounting standards and the reasonableness of pricing for illiquid holdings, while fee disputes call for benchmarking against comparable mandates. The expert then calculates damages by comparing actual results with an appropriate alternative portfolio, helping counsel establish or defend fiduciary breach claims and rebut damages models that rely on hindsight or inapt benchmarks.

Investment management disputes call for experts who have actually built portfolios, governed funds, and administered compliance programs, rather than those who know finance only in the abstract. Round Table Group's investment management experts include portfolio managers who have launched and chaired mutual funds, fiduciary specialists who have testified dozens of times on standards of care, suitability, and structured products, and compliance professionals experienced with the Investment Company Act and the Investment Advisers Act. The network also includes academics who have published on investment performance, price behavior, and market microstructure, as well as practitioners in fixed income, separate account management, private equity, and investment operations and technology. Drawing on more than 75,000 expert searches for litigators, we can help you identify the right investment management expert by calling us at (202) 908-4500.

Kinds of Cases We Work On

Round Table Group helps our clients find a wide variety of Investment Management expert witnesses for cases like:

01

Pension Fund Sues Manager Over Imprudent Allocation.

A corporate pension fund sued its investment manager, alleging the manager breached its fiduciary duty under ERISA by concentrating a significant share of the portfolio in a single volatile sector without adequate diversification. We identified experts with experience in ERISA fiduciary standards, institutional portfolio construction, and pension asset allocation methodology. The portfolio analysis confirmed the concentration far exceeded the manager's own stated investment policy limits, supporting the breach-of-fiduciary-duty claim.
02

Mutual Fund Board Disputes Sub-Advisor's Style Drift.

A mutual fund's board sued its sub-advisor, alleging the sub-advisor had drifted the fund's holdings well outside its stated investment mandate into a higher-risk asset class not disclosed to shareholders in the fund's prospectus. We identified experts with experience in mutual fund governance and mandate compliance, investment style analysis, and securities disclosure standards. The holdings-based style analysis confirmed a sustained drift inconsistent with the fund's stated mandate, supporting the board's claim for termination and damages.
03

Custodian Bank Blamed for Trade Settlement Errors.

An investment manager sued its custodian bank after a series of failed trade settlements caused a client's portfolio to miss a favorable market entry point, alleging the custodian's operational errors breached their custody services agreement. We identified experts with experience in securities settlement operations, custodial banking service standards, and portfolio trade execution analysis. The settlement-record audit traced the failures to a recurring data-mapping error in the custodian's trade-matching system, supporting the manager's claim for client compensation costs.
04

Fund Administrator Sued Over NAV Calculation Error.

An asset manager sued its third-party fund administrator after a prolonged pricing error in a fixed-income fund's daily net asset value calculation led to a wave of mispriced shareholder transactions requiring costly correction. We identified experts with experience in fund administration and NAV calculation methodology, fixed income securities pricing, and mutual fund operations compliance. The expert traced the error to an outdated pricing-source mapping for a class of bonds, supporting the claim for reimbursement of correction costs.
05

RIA Disputes Broker-Dealer Over Best Execution Failures.

A registered investment advisor sued its executing broker-dealer, alleging a pattern of trade executions at prices inferior to available market quotes breached the broker's best-execution obligations under their order-routing agreement. We identified experts with experience in securities best execution standards, order routing and trade execution analysis, and broker-dealer regulatory compliance. The trade-by-trade execution analysis confirmed a statistically significant pattern of inferior pricing, supporting the RIA's claim for client restitution.
06

Endowment Sues Outsourced CIO Over Manager Selection.

A university endowment sued its outsourced chief investment officer firm, alleging the firm failed to conduct adequate due diligence before allocating a significant share of assets to an underlying manager that later suffered a severe operational failure. We identified experts with experience in institutional investment due diligence standards, outsourced CIO governance practices, and manager selection and monitoring methodology. The review of the OCIO firm's due diligence file found several standard verification steps had been skipped, supporting the breach-of-fiduciary-duty claim.
07

Index Provider Disputes Asset Manager Over Royalties.

A benchmark index provider sued an asset manager, alleging the manager's family of index-tracking funds had grown well beyond the assets-under-management thresholds specified in their index licensing agreement without paying the corresponding tiered royalty rate. We identified experts with experience in index licensing agreement compliance, benchmark methodology, and asset management royalty accounting. The assets-under-management reconciliation confirmed the funds had crossed the higher-royalty threshold months before the manager began reporting it, supporting the back-royalty claim.
08

Wrap Program Sponsor Disputes Sub-Advisor Fee Split.

A wrap-fee program sponsor sued a sub-advisor, alleging the sub-advisor had been charging model-delivery fees on a larger share of program assets than the fee-sharing formula in their sub-advisory agreement permitted. We identified experts with experience in wrap-fee program structuring, investment sub-advisory agreement compliance, and asset management fee accounting. The fee-calculation audit found the sub-advisor's methodology double-counted a category of overlay accounts, supporting the sponsor's fee-reimbursement claim.
09

Platform Provider Disputes Model Portfolio Licensing Terms.

An asset manager sued a model-portfolio distribution platform, alleging the platform had redistributed its licensed model portfolios to a broader network of advisors than the exclusivity terms of their licensing agreement allowed. We identified experts with experience in model portfolio licensing agreement compliance, asset management distribution practices, and investment platform contracting standards. The platform-access-log review confirmed distribution beyond the licensed advisor network, supporting the asset manager's breach claim.
10

Institutional Client Disputes Robo-Advisor's Algorithm Performance Claims.

An institutional client sued a robo-advisory platform provider, alleging the platform's automated portfolio-rebalancing algorithm consistently deviated from its disclosed target allocations in a way that damaged client returns relative to the platform's marketed performance claims. We identified experts with experience in automated investment algorithm design, portfolio rebalancing methodology, and investment platform disclosure compliance. The algorithm audit found a rebalancing-threshold parameter had been set inconsistently with the platform's disclosed methodology, supporting the client's damages claim.

Here are a few of our favorite Investment Management Expert Witnesses:

New York Portfolio Management Expert #1831

This sample expert is a founding partner of a comprehensive wealth management company. Currently principal and portfolio manager of the firm.

 

California Investment Management Expert #6348

I have 25 years of experience, and specialize in the field of investment management with specific knowledge in the areas of stock picking, hedging and short-selling. I have published on such topics as hedging, risk management and the macroeconomy. I have testified on valuing privately held companies, and analyzing financial statements. I have launched and served as portfolio manager and Chairman for two mutual funds.

 

New Jersey Investment Management Expert #7045

This sample expert has experience as a consultant and expert witness in economic and investment management consulting, economic damage assessment and litigation support on cases involving: investment management fees and practices; tax shelters; securities and investment-related damages.

 

Connecticut Investment Management Expert #7448

I have 35 years of experience and specialize in the field of investment management with specific knowledge in the area of fiduciary duty, suitability and standards of care. I have testified 50 times on topics such as fiduciary duty, mutual funds, hedge funds, standards of care, investment research and structured finance.

 

Tennessee Investment Management Expert #8279

I have 35 years of experience and specialize in the field of investment management and investment banking with specific knowledge in the areas of mutual funds, separate account management, and mergers and acquisitions. I have published on such topics as global economy, global capital and international equity markets, and US domestic stock markets. I have testified on international banking.

 

Your Case Deserves The Best Investment Management Expert Witnesses

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The right expert witnesses and consulting experts can make your case. That’s why we have spent so many hours over the past quarter century making sure our clients have just the right expert team — whether one expert or many, early-stage advice or expert reports and testimony. Across over 50,000 expert search assignments, we have honed a unique, customized approach to identifying, analyzing and connecting with expert talent so you can focus on winning your case.

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New Jersey Investment Management, Credit Expert #14862

I have 20 years of experience in the field of investment management, with specific knowledge of operations, accounting, and investment technology.

 

California Investment Management Expert #15029

I have 20 years of experience and specialize in the field of investment management with specific knowledge in the areas of stocks, bonds and mutual funds. I have published on such topics as economics, equity research and investment licensing. I have testified on investment management, compliance and trading.

 

Massachusetts Investment Management Expert #17708

I have 15 years of experience in the field of investment management, with specific knowledge of the stock market, retirement planning and investment strategies. I have published on such topics as corporate strategy, mergers and acquisitions.

 

Massachusetts Investment Management Expert #22502

I have 8 years of experience, and specialize in the field of investment management consulting and audit with specific knowledge in the areas of business process and systems assurance (front, middle, and back office), valuation, data management, investment compliance, risk management, FAS 157, and the Investment Company Act of 1940.

 

Oregon Investment Management Expert #22864

I have 17 years of experience, and specialize in the field of finance, with specific knowledge of derivatives, investments and corporate finance. I have published on such topics as risk management, price behavior and investment performance.

 

New York Investment Management Expert #23076

I have 40 years of experience in the field of investment management with specific knowledge in the areas of portfolio management, trading and presentations. I have testified on risk of covered and naked options, and investment management timing.

 

Massachusetts High Frequency Trading Expert #16377

This sample expert has over 15 years of experience, and specializes in the field of finance with specific knowledge in the areas of market microstructure, mutual funds and hedge funds. Published on such topics as MiFID, liquidity in long-dated options and futures and mutual fund end-of-quarter return manipulation.

 

South Carolina Investment Management Expert #29937

I have 17 years of experience and specialize in the field of investment management, with specific knowledge of private equity, public equity and fund management.

 

Pennsylvania Investment Management Expert #34059

I have 18 years of experience in the field of financial advising, with specific knowledge in the areas of stocks, bonds, and mutual funds.

 

California Investment Management Expert #34256

I have 17 years of experience and specialize in the field of investment management, securities trading and valuation, and creating compensation plans with specific knowledge in the areas of compensation structures, suitability and valuation. I have published on such topics as structuring private placements, sales practices and managing risk. I have testified on sales practices, settlements and suitability.

 

Oregon Investment Management Expert #34478

I have 25 years of experience in the field of investment management, with specific knowledge in the areas of fixed income, securities analysis, and portfolio management, foundations and trusts, and mutual fund management.

 

Maine Investment Management Expert #45260

I have 30 years of experience and specialize in the field of investment management with specific knowledge in the areas of mutual and hedge fund operations, mutual and hedge fund distribution, and investment company and Investment Advisors Act compliance, policies and procedures. I have testified on commodity pool operational procedures.

 

Put Our Investment Management Expert Network to Work for You

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Our huge network of experts – eminent university professors and practitioners who have achieved renown as thought leaders in their fields – combined with unparalleled research capabilities puts the experts you need at your disposal when and where you need them.

If you’re a litigator or general counsel, we want to put this network to work for you and your clients. Let us know how we can help by calling us at (202) 908-4500 or filling out the form on this page. We’re so confident you’ll love what we do that unless you retain an expert we present there’s no charge!

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Questions Attorneys Ask About Investment Management Expert Witnesses:

An investment management expert is needed when the dispute turns on whether an adviser, trustee, or fund manager invested and oversaw assets prudently and consistently with governing documents. Claims by pension plans, endowments, and trusts against advisers, mutual fund fee and governance disputes, sub-adviser and service provider claims, and disputes over valuation of illiquid holdings commonly require this expertise. Early retention helps counsel identify the policy statements, committee records, and trading data that will shape the analysis.
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Spend your time working with your experts, not searching for them! We're here to de-stress the process of having a great expert witness team so that it’s easy to have the right experts every time. We'll conduct a quick but thorough search and deliver a roster of top candidates for you to review. There's no charge for the custom search — you pay only the hourly rate if you retain one of our experts.

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Related topics

Accounting
Bankruptcy
Investment
Macroeconomics
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Risk Management
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