FINANCIAL ADVISORS PROFESSIONAL NEGLIGENCE CLAIMS

Compensation claims for financial advisors professional negligence usually relates to either breach of fiduciary duty or breach of contact. Financial advisors are expected to exercise reasonable skill and care in their duties on behalf of those with whom they have fiduciary or contractual relationships. Failure to exercise reasonable skill and care which results in financial losses may mean that the client has the right to claim compensation and damages based in the negligent behaviour.

Fiduciary Relationship

The fiduciary relationship which often exists between an investor and a financial advisor is frequently one of total dependence due to most investors having little or no knowledge of how the financial investment system operates. Most clients blindly follow the advice given to then which places a very high degree of responsibility onto the financial advisor.

Reasonable Skill & Care

Failure to exercise a reasonable degree of skill and care can result in legal action on the basis of the financial advisors professional negligence for all losses sustained by a client. If however the client is less than naive in regards to financial matters it must be shown that he actually did place reliance on the advice before making the investment. Where there is erroneous advice but no reliance on that advice there is no possibility of a financial advisors professional negligence being proved.

Duty of Care

• assess personal needs & finances
• assess a reasonable figure for investment
• council against unsuitable investments
• warn of potential high risk investment
• advise on all incumbent risk of a particular investment
• advise on the brokers contra interest
• take independent advice where appropriate

Expert Litigation Lawyers

If you have lost money in the financial world and want to consider the situation regarding taking legal action to claim damages as a result of an investment advisors professional negligence just use the contact form or email for free solicitor’s advice on the telephone without further obligation. For those that do have a reasonable claim we may be able to offer the no win no fee scheme.