If you have put your trust in the hands of a financial adviser, only to receive inaccurate advice or an error-strewn service, you will no doubt be feeling angry and frustrated. However, there may be action you can take, as you may be able to make a professional negligence claim.
Can I make a claim against my financial adviser?
If your financial adviser has provided a negligent standard of service, and this has caused you to suffer damages, you will be entitled to pursue a professional negligence claim. Claims against financial advisers typically relate to inaccurate advice, but may also arise due to administrative mistakes, oversights and the mis-selling of products.
More specifically, claims against financial advisers can occur if they –
- Tell clients to invest in unsuitable or high-risk products/schemes
- Provide incorrect tax advice
- Mis-sell schemes, products, investments or pensions
- Fail to ensure a client can afford a particular product
- Fail to consider a client’s financial position before providing advice
- Do not explain the risks and implications of a product
How do I find out if I can make a claim?
These are just a few examples and it’s by no means an exhaustive list. There are many reasons why someone might be able to make a professional negligence claim against their financial adviser, yet unless you have experience in this area of the law, it can be difficult to understand your options.
That is why it is best to speak to a solicitor who specialises in professional negligence claims, and in particular, claims against financial advisers. That’s where we come in. We can put you in touch with a professional negligence solicitor in your area for an initial consultation. This will allow you to clarify your options.
Will I get compensation?
If you can pursue a professional negligence claim, you can recover the damages you have incurred as a result of your financial adviser’s negligence. In fact, the purpose of a professional negligence claim is to put you back in the position you would have been in, had the negligence not occurred.
Understandably this will be a huge relief, no matter how great your losses. After all, when you use a financial adviser, you expect your money to be safe – you do not expect to lose money as a result of instructing their services. Being able to recuperate these costs will therefore be a priority.
How much will it cost?
At Solicitors Near Me UK we do not charge you a penny. We connect you with professional negligence solicitors in your area completely free of charge and obligation. If you then wish to proceed with a professional negligence claim, you can discuss the funding options with your solicitor.
If you do not want to proceed with a claim, or you do not want to use the solicitor we recommend, that’s absolutely fine. There is no obligation on your part.
Should I contact you now?
Yes! Professional negligence claims have time limits, so if you do not act fast, you may miss your chance to make a claim.