Financial Negligence - Dublin
Everything You Need to Know
Have you lost money as a result of financial negligence?
There will be several occasions in your life that you will need professional financial assistance. An accountant, a broker, pension advisor or another form of advisor may be involved. You expect the professional to behave in your best interests at all times.
Many people hire financial advisers to help them better manage their money and reach their financial objectives. Unfortunately, financial advisers who provide them with inaccurate, deceptive, or negligent financial advice will lead them astray. As more reports of financial incompetence emerge, Irish laws have been reviewed to reflect the value of offering reliable financial advice. These laws are intended to protect victims of negligent financial advice, who may also suffer catastrophic financial damages as a result of their actions.
As a result, these claimants will be able to pursue financial negligence claims to recover compensation for their damages. If you think you have been given negligent financial advice, continue reading to learn more about filing a lawsuit against a financial advisor and the steps involved.
What is Financial Negligence?
Can You Sue for Negligence?
What is a Financial Negligence Claim?
How Do I Claim for Negligence?
How Much Compensation Can I Get for Financial Negligence?
What are Examples of Negligence?
Individual choice determines how each person handles their own finances. It is a service industry with a wide range of goods and services to meet those needs. It also means that there are a number of explanations why you may have a legitimate financial advisor negligence argument.
The following are some examples of financial negligence claims that we can help with:
- Recommending financial products that are risky or unsuitable for your circumstances after considering your personal circumstances.
- Obtaining inadequate information about your personal circumstances, financial condition, financial priorities, financial needs, and risk tolerance.
- Recommending financial products for which they earn commission despite the fact that they are too risky or unsuitable for your circumstances.
- Failure to warn you of all of the risks involved in a plan.
- Rather than a balanced and diversified strategy, recommending a large investment in one product.
- Failure to consider the impact of a strategy on your retirement, especially for older investors.
- Failure to provide alternative investment options advice
It's important to remember that financial advisers aren't to blame for any poor investment decision. Some investments can increase or decrease in value due to market volatility rather than poor financial advice, and financial advisers cannot be held liable for such fluctuations.
Learn more about how to file a financial negligence claim - Call us now at 01 9036408
Who Can Be Prosecuted for Professional Negligence in the Financial Sector?
Financial advisers, both controlled and unregulated, have been subjected to a rise in claims in recent years. In principle, a professional negligence claim may be brought against someone in the financial sector who owes you a legal duty of care, has breached that duty, and you have incurred damages as a result of that breach.
The following are some examples of compensation claims by profession:
- Negligent accountants
- Negligent financial advisers
- Negligent auditors
- Negligent insurance brokers
- Negligent actuaries
- Negligent lenders
- Negligent tax advisers
- Negligent stockbrokers
- Negligent valuers
- Negligent pension advisors
More Information About Financial Negligence
Gary Matthews Solicitors
Medical negligence solicitors, Dublin
We help people every day of the week (weekends and bank holidays included) that have either been injured or harmed as a result of an accident or have suffered from negligence or malpractice.
Contact us at our Dublin office to get started with your claim today
