Healys are experts in dealing with IFA Professional Negligence Claims, contact us today. We offer free initial advice on your claim and, if you wish to proceed, we offer a “No Win No Fee” service in the form of a Conditional Fee Agreement.
Independent financial advisors (IFAs) are regulated by the Financial Services Authority (FSA) and are bound by a strict code of conduct. The FSA was established to protect the rights of investors and to ensure that finance professionals act with integrity by providing sound, honest and suitable financial advice to clients. In cases where negligence occurs, it may be possible for the client to make an IFA professional negligence claims.
The FSA provides a helpful register of FSA-regulated firms and individuals .
Choosing an advisor regulated by the FSA is an important first step to ensuring the right advice.
All IFAs should have a stringent and client-friendly internal complaints process. Sadly, however, this is not always the case. Those clients who receive no satisfaction from the internal complaints procedure may take their cases to the Financial Services Ombudsman , which will, if necessary, conduct an independent investigation and award compensation where appropriate.
Losing money on an investment will not, in isolation, give grounds for a successful compensation claim. Even if an investment has lost significant value, if the IFA in question has followed the financial regulator’s code of practise, acted competently and represented the client’s best interests in an honest and suitable way, there will be no grounds for an IFA professional negligence claim.
In general terms, the test for IFA negligence is whether the advice was of a standard that would be expected of a reasonably competent and diligent professional. Furthermore, for a claim to proceed it must be proved that the client suffered significant financial loss.
All IFAs have a duty of care to their clients. As such, if they falsely or negligently represent their services and the terms of investments, clients may have grounds to recover any consequent losses.
The following are some examples of cases where valid grounds for a negligence claim against an independent financial advisor may arise:
The professional negligence lawyers at Healys work to ensure that clients receive clear and in-depth advice about proceeding with an IFA professional negligence claim.
Call our Brighton and London offices today, on 020 7822 4106 or click through to find out more about our individual partners.
5th May 2023
Georgia Teague, a litigation paralegal at Healys LLP was recently selected to represent Great Britain in the IFAF Women’s American Football European Championships. The team competed last Saturday at the Sixways Stadium in their first fixture, which saw them dominate the game and win 40-0 against Sweden. Continue reading »
14th April 2023
We are pleased to announce that Robert Johnson, Partner and Head of Healys Professional Negligence, has been identified as a leader in his field and recommended for inclusion in this year’s Who’s Who Legal: Professional Negligence report. Continue reading »
27th March 2023
Whenever possible, Healys LLP commits to initiatives that support more diversity & inclusion within the business community. That’s why earlier this month, we joined forces with Best of British Events alongside Seico Mortgages, Kreston Reeves & Sussex Business Times to host a special event in celebration of Women’s Month. Continue reading »
In recent weeks AI technology has been a hot topic for many businesses as we consider the advantages and threats of this new technology. That’s why leading law firm Healys LLP have partnered with Business Solutions Networking to host a virtual event which provides insight into how your business can take advantage of AI to save you and your business valuable time and recourses.
16th March 2023
Professional Negligence Partner, Robert Johnson provides a guide to assist you explore your potential negligence claim. Continue reading »
5th May 2023
Georgia Teague, a litigation paralegal at Healys LLP was recently selected to represent Great Britain in the IFAF Women’s American Football European Championships. The team competed last Saturday at the Sixways Stadium in their first fixture, which saw them dominate the game and win 40-0 against Sweden. Continue reading »
14th April 2023
We are pleased to announce that Robert Johnson, Partner and Head of Healys Professional Negligence, has been identified as a leader in his field and recommended for inclusion in this year’s Who’s Who Legal: Professional Negligence report. Continue reading »
27th March 2023
Whenever possible, Healys LLP commits to initiatives that support more diversity & inclusion within the business community. That’s why earlier this month, we joined forces with Best of British Events alongside Seico Mortgages, Kreston Reeves & Sussex Business Times to host a special event in celebration of Women’s Month. Continue reading »
In recent weeks AI technology has been a hot topic for many businesses as we consider the advantages and threats of this new technology. That’s why leading law firm Healys LLP have partnered with Business Solutions Networking to host a virtual event which provides insight into how your business can take advantage of AI to save you and your business valuable time and recourses.
16th March 2023
Professional Negligence Partner, Robert Johnson provides a guide to assist you explore your potential negligence claim. Continue reading »