Claims against Finance Professionals

Our specialist team of professional negligence solicitors regularly act on behalf of individuals and businesses in cases involving negligent financial advice. The scope of who could be considered a finance professional or financial advisor is wide and includes accountants, auditors, IFA’s, brokers, actuaries, pension advisers and trustees.

Clients place considerable trust in financial advisors and the consequences of any potential negligence can be particularly costly and damaging. Finance professionals are expected to act with reasonable skill and care when acting for clients and are judged by the standard of a reasonably competent professional specialising in the area of finance which they hold themselves out as having expertise in.

We have particular expertise in dealing with cases involving allegations of fraud and also in claims against professional trustees.

Finance professionals will usually have the benefit of professional indemnity insurance so that, assuming liability is established, successful claimants will be able to recover some or all of their loss and the majority of their legal costs of bringing the claim. In any event, we provide our clients with clear advice about costs and the various ways of funding a professional negligence claim, alongside strategic and commercial advice at every step of the case.

As finance professionals are often heavily regulated it is important to also consider their conduct and duty of care against the relevant regulatory and statutory framework.