Financial Advisor Claims

IFA (Independent Financial Advisor)

Independent Financial Advisors (IFAs) follow a strict code of conduct and must adhere to the rules set out by the Financial Services Authority (FSA) whom they are regulated by. They all have a duty of care to their clients so should they pass along advice that you could deem deceiving; you have the grounds to proceed with a claim.

Listed below are the common financial advisers who have mis-sold clients. If you have received advice from any of the listed advisers, it is highly likely you have been given poor advice.

• First Choice Finacial Management
• Cherish Wealth Management
• Blue Ocean Financial Services
• Charter Group
• Foreman Financial Services
• Shah Wealth Management
• Bright Financial Associates Limited
• Cumulus Investment Management
• Gate Capital
• Active Wealth

How can we help?
Our specialist team will assist you with the assessment of your engagement with your IFA and the situation with your current investments. They will advise you on the most appropriate route for the best possible outcome, whether this be through the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS).

Common circumstances

When you engage an IFA, they must act with a ‘duty of care’  and keep your best interests in mind over their own. The requirement for a legal contract isn’t always necessary for ‘duty of care’ to take place. IFA’s must also act independently, meaning they cannot offer you only one scheme without any mention of others.

We are on hand to assess whether your acting IFA was negligent and failed this duty on your behalf. The following are grounds for a claim:

• Client uninformed about any tax consequences to chosen scheme.
• IFA failed to act independently.
• Client was sold/transferred into an investment that ultimately resulted in loss in fees or any hidden fees.
• Client was sold into a high-risk investment that was not suitable for you, or considered with caution.
• Client’s interests were not considered.

Making a Claim

Contact The Byrne Practice today to receive your free assessment. We will listen to your story, take some details and identify if you were a victim of IFA negligence. Alternatively, please fill out our call back request form and we’ll get in touch.