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Professional Negligence Claims Against Financial Advisers IFAS, Scotland

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When you have liquid assets that need to be properly managed and looked after, you might decide to outsource that job to an independent financial adviser.

In this case, it will undoubtedly be important to you that the professionals you choose carry out their duties with a reasonable level of skill and care.

Where they do not and this has put you in a worse situation, they could be liable for professional negligence claims against financial advisors.

If you believe advice provided to you by a financial advisor has caused you loss, contact the specialist professional negligence solicitors at Jones Whyte today for guidance.

We will be able to help you bring claims against financial advisors.

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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: 

  • A duty of care.
  • A breach of that duty.
  • Loss as a result of that breach.

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.

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