Family Law AssociationThe Law Society of Scotland
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Professional Negligence Claims Against Financial Advisers/IFAs

When you have liquid assets that need properly managed and looked after, you might decide to outsource that job to an independent financial adviser. In this case, it will undoubtedly be important to you that the professional who you instruct for this job carries it out with a reasonable level of skill and care. Where they do not and this has put you in a worse situation, they could be liable for professional negligence. If you believe advice provided to you by a financial adviser has caused you loss, contact the specialist professional negligence solicitors at Jones Whyte today for guidance.

Professional Standards for Financial Advisers in Scotland

Professionals in the finance industry must perform to a strict set of standards when providing services to clients. Problems can occur when a financial adviser provides inappropriate or incorrect advice. For instance, where the financial adviser encourages their client to enter into an investment that is unsuitable for their personal or professional circumstances. Loss can also be incurred where an independent financial adviser fails to check whether the client has the money to afford the recommended product or investment.

Financial loss from investments might not become clear until a long time after the negligent advice, and this can cause timing issues with bringing a claim. For professional negligence claims, you must act within five years from when you experienced loss. It is important to contact a solicitor as soon as you become aware of any negligent advice to avoid your claim expiring.

Bringing a Claim for Professional Negligence

Negligence is based on three elements: (a) a duty of care; (b) a breach of that duty; and (c) loss as a result of that breach. It is essential that all components exist, and that there is a direct link between the breach and the loss experienced. Our lawyers are experts in this area of the law. We have the expertise and determination to build a strong case on your behalf and get you the compensation you are due.

Contact our Financial Advisers/IFAs Professional Negligence Solicitors in Glasgow, Scotland Today

You can rely on us to establish what your financial adviser breached their duty of care and how that caused you financial loss, as well as to successfully argue your case and ensure that you receive the maximum amount of compensation possible. Contact us to discuss your options and find out what we can do to help.

As modern, proactive solicitors, we pride ourselves on our ability to understand our clients’ specific issues and resolve them quickly and effectively. Our head office is in Glasgow, and we serve clients throughout Scotland, including in Stirling, Falkirk, Argyll, the Borders, Fife and Edinburgh. For expert and cost-effective legal solutions, call our 01413751222 today, or email This email address is being protected from spambots. You need JavaScript enabled to view it..

 

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