Financial Advisor Negligence

Financial advisors offer a wide range of products and services such as advising on investments like stocks and shares, unit trusts, open-ended investment companies, investment trusts and personal pension schemes.

It’s only right that you expect your financial advisors to provide you with a professional service. You could have a professional negligence claim if the service received was below a reasonable standard of skill and care and as a result you have suffered a financial loss. In addition, a financial advisor has a statutory duty under the Financial Services and Markets Act 2000 to perform their work with reasonable care and skill.

There are many circumstances where it may be appropriate to pursue a claim against your financial advisor. Some examples include:

  • Failing to give competent financial advice
  • Failing to act in your best interests including mis-selling a financial product to you (e.g. investment bond, pension, ISA)
  • Failing to advise on pensions including withdrawal from final salary schemes
  • Failing to advise of the risks of the investment or recommending a suitable investment which matches the client’s risk profile
  • Failing to advise appropriately with tax avoidance schemes
  • Failing to properly assess client’s financial circumstances
  • Failing to advise on contribution limits
  • Failing to advise on the implications of products recommended
  • Failing to ensure client can afford the product or investment
  • Failing to comply with the Financial Services and Markets Act 2000

Why Verisona Law?

Verisona Law’s team of Professional Negligence specialists have extensive experience in pursuing disputes involving professionals. We give practical and pragmatic guidance using clear and plain-speaking language to ensure you achieve the best possible outcome.