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Many members of the public have money to invest but little knowledge of the financial market and so rely on specialist consultants. This relationship is often one of total trust on a fully fiduciary basis with the client following the advice implicitly. When things go wrong due to neglect it may be possible make a financial advisers professional negligence claim to recover any losses sustained provided that the client fully relied in the advice given. Where advice has been given but the client did not rely on that advice but made the investment in any event there will be no liability under a claim for financial advisers professional negligence.
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Most consultants in the financial arena hold themselves out as experts and many are appropriately qualified and are licensed by government to provide advice. To succeed in a claim for financial advisers professional negligence it is necessary to show that a duty of care existed and that breach of that duty by negligence resulted in a direct financial loss. The consultant/adviser/client relationship is usually sufficient to establish a duty of care which may be breached by negligent acts defined as a failure to take reasonable care for the interests of the client. Thereafter it is necessary to show direct financial loss that is foreseeable and not remote.
HELPLINE 0845 177 0509
Our financial advisers professional negligence solicitors deal with compensation claims on a no win no fee basis. There is no need to fund or finance the claim which is completely risk free. If you would like an appraisal of the viability of your claim without charge and without further obligation just send the contact form or use the helpline. A qualified civil litigation solicitor will speak to you on the telephone and will take basic details of your claim and give immediate advice on the likely chance of success and the anticipated level of damages that may be awarded.