Professional Negligence Claims Against Financial Advisers IFAS, Scotland

Standards for financial advisors

Professionals in the finance industry must perform to a strict set of standards when providing services to clients.

Problems can occur when a financial advisor provides inappropriate or incorrect advice. For instance, where the financial advisor encourages their client to enter into an investment that is unsuitable for their personal or professional circumstances.

Loss can also be incurred when an independent financial advisor fails to check whether the client has the money to afford the recommended product or investment.

Financial loss from investments might not become clear until a long time after the negligent advice, and this can cause timing issues with bringing a claim.

For professional negligence claims, you must act within five years from when you experienced loss. It is important to contact a solicitor as soon as you become aware of any negligent advice to avoid your claim expiring.

If negligence in financial advice has resulted in a loss, contact Jones Whyte today.

Bringing claims against financial advisors

Negligence is based on three elements: 

It is essential that all components exist and that there is a direct link between the breach and the loss experienced.

Our lawyers are experts in this area. We have the expertise and determination to build a strong case on your behalf and get the compensation you are due.

Other disputes

Professional negligence claims are handled by the disputes team at Jones Whyte.

Our experienced solicitors have handled a wide range of claims, including:

We can also help if you are defending a court action.

Whatever sort of dispute you are involved in, contact Jones Whyte today.