Negligent Financial Advice

It is not uncommon today for individuals to make use of Independent Financial Advisers (IFA) when looking to make investments or considering their financial position.

IFAs can undertake many roles, but generally they should ensure that the recommendations they make are suitable for your needs and take account of your risk profile.

Whilst most investments come with risk, as a client you can legally expect to be properly advised of those risks by a competent and professional advisor.

Examples of negligent financial advice

• Recommending investment products which do not match your needs and risk profile

• Providing wrong or insufficient advice concerning investments

• Recommending unregulated, high-risk products

• Providing inappropriate advice in respect of the investment of funds derived from a re-mortgage

These are just a few of the more common types. Each case will turn on its own facts.

It is important on each case to understand what the duty owed by the IFA was and being able to prove they have breached that duty and consequently you have suffered a loss.

How To Claim

If we believe from what you tell us there is a claim to advance, we will need to review the papers which the IFA may have (unless they have been sent to your new IFA) and will arrange for them to be sent to us.

There are strict time periods within which a claim must be presented to the court (The Limitation Period). This is 6 years from the date of the negligence or 3 years from when you knew or ought to have known you have suffered a loss. The earlier you contact us the better.