Financial adviser claims
Are you worried that poor advice from a financial adviser has cost you money?
Professional Negligence Claims Against Financial Advisers
Many people place their trust in financial advisers, only to later discover that the advice they received was not in their best interest. This can often lead to significant financial losses in everything from ISAs to Pensions.
Most customers we speak to aren’t comfortable challenging their financial adviser even when it is potentially their financial future and life savings that is on the line.
Solicitors like us exist to act on your behalf. We investigate your claim impartially with no preconceptions. If we discover you’ve been overcharged or have suffered losses to your pension or investments as a result of your financial adviser’s guidance, our team of experienced professionals is here to take the necessary steps to get you the financial compensation or redress that you deserve.
Claims against financial advisers typically arise from:
- Instances of misconduct.
- Breach of duty.
- Inadequate advice.
- Mismanagement of funds.
- Fraudulent activities.
Negligent financial advisers may:
- Provide incorrect information.
- Fail to disclose risks associated with investments.
- Make unsuitable recommendations.
- Engage in unethical practices that compromise their clients’ financial well-being.
These actions can result in substantial financial harm and loss of trust.
A successful financial adviser compensation claim can provide you with the means to regain your financial stability. It may cover a range of damages, including:
- The recovery of lost investments.
- Compensation for financial losses.
- Reimbursement of fees paid for inadequate services.
- Potentially even additional damages for emotional distress or reputational harm.
Financial Adviser Claims FAQs:
What is a financial adviser claim?
A financial adviser claim involves applying for compensation or financial redresses for the cash losses you may have incurred due to poor or negligent advice involving your financial adviser. This can include overcharging, lack of servicing, mismanagement of funds, or recommending unsuitable products.
Who can make a financial adviser claim?
Anyone who has received negligent or poor service from a financial adviser, leading to financial loss, may be eligible to make a claim.
What evidence do I need to support a financial adviser claim?
You will need documentation of the advice given, records of financial transactions, and evidence of the financial loss suffered. If you don’t have all the evidence to hand, don’t worry. As your representative we can gather the information from all the relevant providers on your behalf.
How long do I have to make a financial adviser claim?
Generally, you have three years from when you became aware of the financial loss or negligence to make a claim. We have successfully had claims upheld up to 14 years after the event.
What compensation can I expect from a financial adviser claim?
Compensation may cover the recovery of lost investments, fees paid for services you have not received, loss of interest on losses suffered to date and in some extreme cases damages for emotional distress or reputational harm.
What is the process for making a financial adviser claim?
The process begins with a free consultation to assess your eligibility. If you have grounds for a claim, we will investigate the matter fully, provide an estimated valuation of your claim and then talk you through the next steps.
We have successfully helped over 600 clients gain the
compensation or redress they deserved.
How it Works
If you believe that your pension, investment, car finance, other lending or business energy may have been mis-sold, you may be able to make a claim for compensation. The process for making a claim typically involves the following steps:
1. Online Sign Up or Phone Consultation
We know financial claims can be intimidating so we’re here to help you every step of the way. Use our handy claims calculator or ask Callum, our AI assistant any questions you may have. You always have the option to talk to one of our claim experts if you prefer.
2. Getting the Evidence together
Don’t worry if you don’t have all your documentation. As regulated solicitors, we can chase in all the documentation relating to your claim from the providers involved, such as contracts, statements, and communications. All you have to do is appoint us to collect this information on your behalf.
3. Submit your Complaint
We will value your claim and then submit a claim to the Financial Services Compensation Scheme or raise a formal complaint to your pension provider, financial adviser, car finance provider or business energy adviser outlining the reasons why we believe you are entitled to compensation or financial redress.
4. Await response
We will provide regular updates and chase your claim through to a final response. If we are unhappy with the response, we will pursue a claim through the Financial Ombudsman Service or if required escalate your claim to a formal tribunal which means representing you in court.
5. Acceptance of Offer
Once you are satisfied with the level of compensation or financial redress, we will claim the reward and distribute the funds to you via our client account. Claims are often complex and can take time to reach a conclusion. We will always work to achieve the maximum level of compensation or financial redress as quickly as possible.
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Below are the claim types we work on
Mis-Sold SIPPs
If you were convinced to move your pension or pensions to a SIPP (Self Invested Personal Pension) then you should investigate whether you were a victim or SIPP mis-selling as many you could be due thousands of pounds in compensation or financial redress.
Pension Transfer Claims
If you transferred from a workplace pension or a personal pension or an combination of different pensions to a new pension provider, can help identify if you have lost money, who may be at fault and work to help you recover any lost pension savings, fees you have paid or losses on your pension growth.
Mis-Sold Investment Claims
When you make an investment, you trust your financial adviser, pension provider or the regulated investment platform you use to act in your best interests, so it can be hard to accept when they don’t. If you’re unsure whether you should make a claim, we’re here to help.
Mis-Sold Investment Bond Claims
Are you worried you have lost money through financial losses resulting from poor or misleading advice on bond investments? We will investigate on your behalf to find out if you may be entitled to cash compensation or financial redress.
Mis-Sold ISAs Claims
Were you convinced to move your ISA, consolidate multiple ISAs or were you sold a new ISA and are now concerned you may have lost money? You may be able to recover your losses by claiming against the regulated people who were involved.
Mis-Sold QROPS(overseas pension) Claims
We’re you convinced to set up an overseas pension like pension such as a QROPS (Qualifying Recognised Overseas Pension Scheme) or QNUPS when you were not intending to move abroad? If so it is likely you have been mis-sold and could be due thousands in compensation or financial redress.
Mis-Sold Car Finance Claims
If you took car finance any time within the last 15 years especially if it was a personal contract purchase (with a balloon payment at the end) or Hire Purchase taken via the car dealership it likely you are due financial redress. We can help by gathering the required evidence and submitting your claim on a no-win no-fee basis.
Irresponsible Lending Claims
If you were convince to borrow money from Doorstep Lender, Catalogue companies, Store Card, Credit Cards, Store Credit or even a loan from your bank, if you have found yourself in financial difficulty as a result then you may have been a victim of irresponsible lending and if so, we can work to help get recover some of the costs you have paid as a result.
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Financial Advisers News & Updates
Stay informed with the latest news and updates on companies you may be eligible to claim against.
