Advisor Negligence
When professional advice goes wrong, the consequences can be financially devastating. We help clients hold negligent advisors accountable.
Overview
Today more than ever people and businesses rely on professional advice on a day to day basis. It is so common place we do not think about it but rather think of it as being as routine as a trip to the doctor or dentist.
Because we rely on the expertise of professional advisors on a regular basis we often take for granted that financial advisors insurance brokers and agents, accountants and lawyers use judgment in determining matters of tremendous consequence. If that judgment is not properly exercised there may be serious consequences.
In the event you suffer financial loss as a result of an advisor’s negligence you may have a claim to compensation.
Some common circumstances which give rise to claims against advisors include: inaccurately completed paperwork, a failure to explain issues and consequences to enable an informed decision, misrepresentations, misappropriation of assets or otherwise failing to account or carry out obligations to act honestly, competently and in your best interests.
If you have suffered a loss owing to another person’s conduct and you wish to investigate your legal options, contact us today for a no obligation consultation.
Frequently Asked Questions
What is fiduciary breach anyway?
A fiduciary is an individual who acts on behalf of another, whom we may refer to as a beneficiary. The relationship is characterized by the beneficiary being vulnerable to the fiduciary and reposing in her or him trust. As a result a fiduciary is charged with obligations of utmost good faith, prudence, and trust.
These obligations manifest requirements which include the fiduciary's duty to place the interest of beneficiaries ahead of their own, avoid conflicts of interest, disclose profits made arising from their fiduciary position, and to exercise prudence in carrying out the responsibilities of their office. Common examples of fiduciaries are Parents, Trustees, Directors of corporations, and in certain cases Financial Advisors.
When a fiduciary breaches one or more of these obligations there may be an action for breach of a fiduciary duty. An accountant held to account for a breach of fiduciary duty may be required to disgorge profits (such as a commission) that they failed to disclose to the beneficiary in advance of collecting.
How We Can Help
Financial Advisor Negligence
Claims arising from unsuitable investments, failure to diversify, and misrepresentation of risk.
Investment Advisor Negligence
Recovering losses caused by negligent investment recommendations and portfolio mismanagement.
Insurance Broker Negligence
When a broker fails to obtain appropriate coverage, leaving you exposed to uninsured losses.
Accountant Negligence
Errors in tax planning, financial statements, and advice that cause measurable financial harm.
Real Estate Advisor Negligence
Negligent valuations and advice in property transactions and investments.
Speak With a Advisor Negligence Lawyer
Contact Allan Snelling LLP today for a no-obligation consultation. We'll review your situation and help you understand your options.
Schedule Your Consultation