Negligent financial advisors

We understand the impact a negligent financial advisor can have on individuals or businesses, who may engage the services of financial advisors for a variety of different reasons. However, if the financial advisor fails to perform to the standard of care expected of them, this can often result in the client incurring significant losses. We have seen an increase in the number of claims brought against financial advisors in recent years due to negligent advice or errors in the administration of financial products.

How do I know my financial advisor has been negligent?

Examples of circumstances in which a financial advisor may have been negligent include:

  • failing to advise on the risk involved in taking a specific investment option, which has resulted in a loss;
  • failing to consider or wrongly assessing a client’s attitude towards risk when investing in a product;
  • misselling financial products or investments to a client; or
  • failing to follow a client’s instructions.

Cases against negligent financial advisors

Recent and ongoing cases where we have successfully acted against financial advisors include:

  • advising a number of investors in claims against Independent Financial Advisors who were negligently advised to invest many hundreds of thousands of pounds with the ARCH CRU fund;
  • advising an individual regarding the misinvestment of damages they received;
  • acting for an individual in relation to negligent investment advice received from financial advisors to transfer the investment portfolio to another fund. That provider subsequently went into liquidation and our client lost the entirety of the investment.

If you feel that your financial advisor has failed to act as instructed or in your best interests, and you have suffered a loss as a consequence, you may have grounds to bring a claim. Contact us today, and our lawyers can advise you whether you have a claim and we will help you to recover any losses you may have incurred.

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