How hard is it to claim against investment advisers?
It can be very hard to bring a claim for professional negligence against an investment adviser. The recent case of O'Hare v Coutts & Co has potentially made it more difficult for claimants to bring a case for professional negligence against their financial advisers, or investment advisers, if the investment fails to deliver.
In this case, the judge decided that where an "informed" claimant was able to decide on the level of risk that they were willing to take, the investment adviser could not then be penalised if those risks lead to loss.
The previous test that judges in this type of case had used, was whether or not the defendant had been advised to the standard of a reasonably skilled professional.
This case will undoubtedly make it more difficult for sophisticated investors to bring claims against their financial advisers, or investment advisers, even if the advice from that investment adviser is wrong.
How can we help?
Samuel Solicitors, based in Devon have a wealth of experience in dealing with professional negligence claims against investment advisers, financial advisers, and all other types of professional.
Our senior partner, Jan Samuel, is described by clients as a "formidable litigator" and has been a member of the Professional Negligence Lawyers' Association for many years.
If you have a strong claim against a professional, such as an investment adviser, or financial adviser, we may be able to assist you under the terms of a conditional (no-win no fee) arrangement. If that is not possible, we have a wide range of flexible funding options which we have designed for clients to assist with legal fees.
We can assess most matters initially for free, and so you have nothing to lose by contacting us to discuss your circumstances.
Contact us today for a free discussion about how we can help you with your claim against a professional.