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Professional Negligence Farleys Solicitors LLP
Professional Negligence Farleys Solicitors LLP

Financial Negligence Claims

Financial Advisor Negligence Solicitors at Farleys

Almost by definition, employing the services of a financial advisor means putting a considerable amount of faith in them to provide the right information, guidance and advice – and all to an acceptably careful and accurate degree. However, if the financial advisor fails to deliver these services to the expected standard, that can have a variety of consequences – including financial loss, personal and reputational damage, or in the most serious of cases, even enforcement action by HMRC.

If you’re currently dealing with repercussions arising from negligent conduct from your financial advisors, we’re here to help at Farleys Solicitors. We understand how much time, money and effort can be involved in correcting errors caused by a financial advisor’s negligence, and we draw upon decades of specialist expertise as we aim to efficiently bring your case to a satisfactory conclusion.

Fill in our contact form below, or give us a call on 0330 828 3987 to speak to one of our friendly solicitors today.

Why choose Farleys?

With more than 60 years of experience here at Farleys, we have a proven track record of achieving results for our clients. We’ll always start by sitting down with you to find out more about the background of your case, and what would be your ideal resolution. From there, we’ll be able to start exploring your various options with you, and discuss which one has the best chance of success.

We can handle all communications with the financial advisor on your behalf, and we’ll do everything we can to resolve your case before it gets to court. (The majority of professional negligence cases are solved long before they reach this stage.) Whatever the case, you can always rely on our professional negligence solicitors to support you every step of the way.

What is the time limit for making a claim?

Generally, claims against financial advisors must be made within six years of the date that the negligence occurred. In legal terms, this is known as a limitation period.

However, if the negligence was not discovered until after these six years have elapsed, then in certain circumstances, this timeframe may be extended. That will give you a further 3 years from the “date of knowledge” – i.e., the date you found out that negligence occurred.

Despite this, we would always advise speaking with a solicitor at the earliest opportunity to ensure you are in the best possible position to make a claim within the allowed timeframe.

Contact a Specialist in Financial Advisor Negligence Claims

Wherever possible, Farleys will pursue your claim on a ‘no win no fee’ basis. We know that just like any other type of legal claim, financial advisor negligence claims can often be stressful to navigate, so we’re committed to doing everything we can to make the process as simple, straightforward and stress-free as possible for you, with a friendly and personable approach that’s free from any unnecessary legal jargon.

Whatever the details of your financial advisor negligence claim, you can rely on us to handle your case with diligence, efficiency, and flawless expertise.

For free initial advice on pursuing a claim, feel free to get in touch with our financial advisor negligence claims solicitors today on 0330 828 3987 or contact us by email to arrange an appointment.


What is financial advisor negligence?

In its simplest terms, financial advisor negligence generally refers to instances where a financial advisor provides a service that falls below a reasonably expected standard. Often, this results in severe repercussions for their clients, including (but not limited to) financial losses, payment penalties, or even enforcement action from HMRC.

Like all professionals, financial advisors owe their clients a duty of care, which is encompassed by their working relationship. If the financial advisor breaches this duty of care, whether recklessly, carelessly or deliberately, this can form the grounds for claims against the financial advisor.

Common examples of negligence by financial advisors

Financial negligence can come in many forms. Some of the more common mistakes by financial advisors can include:

  • Failure to advise properly in relation to Accelerated Payment Notices
  • Advice to invest in unsuitable pensions and self-invested personal pensions (SIPPs)
  • Reckless or misleading advice regarding high-risk investment products and unregulated collective investment schemes
  • Providing advice on areas where they have no expertise
  • Providing incorrect tax advice
  • Negligent advice regarding tax avoidance schemes
  • Advising clients to invest in financial products which are not a good fit for their needs
  • Failure to ensure that the client can afford the financial product or investment
  • Failure to fully explain the implications of specific financial products
  • Accounting or auditing errors

How do I know if I have a claim?

Suing a financial advisor can be a lengthy and complex process, so it’s important to make sure ahead of time that you have sufficient grounds for a claim. If a financial advisor’s negligence caused you a substantial financial loss, or if they didn’t carry out your specific instructions, then it may be possible to make a claim.

It’s important to note that financial loss on its own may not be a sufficient reason to make a claim. Sometimes, investments may not perform as well as expected, and unfortunately to a certain extent this can be simply down to financial markets. However, if you’ve suffered a substantial financial loss due to misleading or inaccurate advice, or you’re faced with other negative repercussions (such as enforcement action), you may be able to prove that a financial advisor has failed in their duty of care to you.

Whatever the case, if you suspect that negligence has occurred, then it’s worth getting in touch with one of our professional negligence solicitors as soon as possible, so that we can give you more detailed and specific answers about the validity of any potential claim.

Why choose Farleys Solicitors?

Farleys Solicitors is a friendly, trusted, and straight-talking firm with over 60 years of experience in serving clients across the North West, as well as nationwide. Our solicitors draw upon a wealth of knowledge and industry-specific expertise in order to answer all of your most pressing questions regarding personal injuries.

At Farleys Solicitors, we know that every situation is unique. That’s why, in addition to advising you on the best course of action, we also tailor our services to meet your specific needs. We may even choose to take your case on a no-win, no-fee basis.

If you need to speak with one of our specialist professional negligence solicitors about any of our services, feel free to give us a call on 0330 828 3987, contact us using the online chat feature on our website, or email us on We’re here to help!

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