Professional Negligence Claims Against Financial Advisers IFAS, Scotland

Professionals in the finance industry, including various financial professionals such as stock brokers, fund managers, and accountants, must adhere 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.