Professional Negligence Claims

Professional Negligence Claims

Financial Advisor Negligence

Financial advisors have an obligation to look after your money and make responsible recommendations. When you act on their advice, you should feel assured that you have the information and resources you need to invest with confidence. While there is always a risk with investments, if a financial advisor fails in their duty to you and causes you financial loss through no fault of your own, the experience can be difficult to handle.

If you can demonstrate that you were given negligent advice, or that the services delivered by a financial advisor fell below an acceptable standard, it is often possible to make a professional negligence claim for compensation. This can help you restore you to the financial position you otherwise would have occupied.

When making claims against financial advisors who have steered you wrong, it is vital to work with expert professional negligence solicitors. Clough & Willis Solicitors' professional negligence team understands the harm that negligence by a financial advisor can cause, and that compensation can help you to recover the money you lost due to negligent advice. With our expertise in this area, we can ensure you have the best chances of a successful claim.

To learn more, call Clough & Willis today on 0800 083 0815, or use our online enquiry form to request a call back at your convenience.

How we can help

If you have received a standard of service that was below the level expected of a reasonably competent financial advisor and suffered harm as a result, you may be entitled to make a professional negligence claim for compensation. The professional negligence lawyers at Clough & Willis can discuss your circumstances and offer expert legal advice on your eligibility to claim. If you are owed compensation, we will take up your cause and work tirelessly to ensure you have the best chance of success.

Our team has many years of experience in making financial advisor negligence claims on behalf of our clients. We know that suffering financial loss when a financial advisor fails you can be devastating, and we are here to help you put things right. By investing the time to understand your specific situation, we ensure we can offer practical, independent legal advice that can return you to a stronger financial position.

Working with Clough & Willis' experts can ensure you have the best chance of securing the compensation you deserve. We excel in advising on even the most complex claims and will take whatever steps are necessary to help you pursue justice for the errors of a financial advisor.

What is financial advisor negligence?

In the UK, financial advisors have a legal "duty of care" to their clients, which means they are obliged to deliver services with a certain level of skill and caution. If they fail in this duty, clients who experience losses as a result may be entitled to compensation.

There are several types of failures that can result in compensation claims against financial advisors. While these examples will not always entitle victims to financial compensation, some of the most common failures that lead to professional negligence claims include:

  • Failure to understand client needs: Financial advisors must thoroughly understand their clients' financial situations, needs, goals, and risk tolerance. If an advisor fails to fully understand the client's circumstances but still provides advice, it can be deemed negligent.
  • Providing bad advice: Advisors must ensure that the products or strategies they recommend are suitable for the client's risk profile, financial goals, and personal circumstances. Recommending unsuitable investments, such as those with too high a risk for the client's risk tolerance or financial situation, can be grounds for a financial negligence compensation claim. This includes a failure on the part of financial advisors to conduct proper fact-finding about the investments they recommend.
  • Failure to review circumstances: Financial situations and personal circumstances can change. Advisors are expected to regularly review their clients' circumstances and adjust the advice they give accordingly. Neglecting this duty can result in outdated advice that no longer suits the client's needs and ultimately worsen the client's financial situation.
  • Lack of diversification: Advisors are expected to recommend diversified investment portfolios to spread risk. If an advisor suggests putting a disproportionate amount of money into a single investment or a narrow range of investments which leads to unnecessary risk and loss, it can be seen as financial negligence, especially if they fail to make you aware of the level of risk.
  • Misrepresentation or omission of information: If a financial advisor misrepresents an investment's risks, costs, or expected returns, or omits critical information that affects the client's decision-making, this can be considered negligent. This includes situations in which financial mis-selling causes a client to purchase an unsuitable product.
  • Unauthorised investments: If an advisor makes transactions without the client's consent or beyond the scope of their authority, it can be deemed negligent, especially if this leads to financial loss suffered by the client.

To be eligible to claim against a financial advisor, you must be able to demonstrate that there was financial or personal loss suffered due to their negligent advice or actions. A solicitor can help you to gather evidence that supports your claim and present it in a way that gives you the best chance of securing compensation.

Why choose Clough & Willis?

The legal team at Clough & Willis has a strong track record of success in professional negligence claims and can support you to recover the compensation you are owed. We recognise that negligent advice can have serious consequences beyond financial loss, including for your mental and physical health. As such, we will take on as much of the responsibility for your claim as possible and ensure it covers all of the ways you were affected by the incident.

We know that the best way to combat stress is to be prepared and well-informed. At Clough & Willis, our knowledgeable professional negligence solicitors will keep you up to date on the progress of your claim and the outcomes you can expect, so you will always be ready to take the next step. Professional negligence cases are all different, but our varied experience means we know how to approach each set of circumstances to deliver the best possible outcome.

By taking on as much of the legal burden as possible, we will enable you to focus on regaining control of your finances. Wherever possible, we will try to settle your professional negligence claim out of court, to secure the resolution you deserve as quickly as possible. This approach to professional negligence claims against financial advisors delivers the best results for our clients and helps them to overcome the challenges of negligent professional advice.

Need help right away?
Contact Clough & Willis

The team at Clough & Willis has a wealth of experience in making professional negligence claims against financial advisors, and thanks to our experience, we can help you to secure compensation for the negligence you suffered. We can talk you through your options, let you know what to expect from the claims process and guide you towards the best possible outcome for you.

To learn more, or to start the claims process, call our financial advisor negligence solicitors today on 0800 083 0815, or fill in our online enquiry form to arrange a call back at your convenience.​​​​​​


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