Most clients of financial advisers will have little knowledge of matters relating to finance and investment and therefore place heavy reliance on their financial advisor to consider their financial situation. It is because of this that it is so important for a financial advisor to conduct themselves appropriately so that the client’s investments do not suffer as a result of financial advisor negligence.
Bad advice given as a result of financial advisor negligence could lead to mis-sold mortgages, mis-sold loans, equity release negligence, pension negligence, mis-sold life insurance, mis-sold payment protection insurance (PPI). In certain circumstances, the money that has been lost through bad financial advice can be reclaimed.
For more advice on mis-sold insurance plans please see our Insurance Broker Negligence page.
Different types of misconduct that could result in financial advisor negligence include:
As with all professional negligence claims, you need to demonstrate that financial advisor negligence took place. Financial advisors have a legal duty to exercise reasonable skill and care and have a duty of care to you. If this is breached then they may be liable for you to make a financial advisor negligence claim against them to recover your losses.
In order to establish the liability for financial advisors negligence it is necessary to show that the client actually placed reliance on the advice given.
If you feel you have received bad financial advice due to financial advisor negligence then contact us on 0800 298 9690 or fill in the Claim Now form to the right of this screen.