Claims Against Financial Advisors

Good & Murray Smith LLP have acted in hundreds of professional negligence claims against financial advisors, with values ranging from tens of thousands to several million euro. We deal with these disputes every day. They are unique in that they often require an understanding of a complex regulatory regime, which many solicitors do not have. 

Who We Act for in Financial Advisor Negligence Claims

We work with clients from a wide range of backgrounds, including: 

• Consumers, including private investors, retirees, directors, business owners and people who were advised on pensions, savings, lump sums or inheritance proceeds.
• Businesses, such as SMEs, larger companies, funds, professional practices and organisations that relied on financial advice in relation to investments, corporate structures, employee schemes or treasury decisions.
• Cross-border clients, such as overseas investors instructing Irish financial advisors.

Our Approach to Claims Against Financial Advisors

Our approach is guided by efficiency and outcome. 

Case Assessment

We try to understand your situation fully. We look at the documents you have, the advice you were given, the decisions you made based on that advice and the financial impact you are now facing. This allows us to give you a sense of the strengths of your potential claim, the risks involved and whether pursuing it is realistic and proportionate. 

Pre-action Correspondence and Negotiation

If you are happy to proceed, we prepare a letter of claim setting out the outcome you are seeking. We handle all communication with the advisor or their insurer, including their initial responses and any follow-up queries. If there is an opportunity to resolve the matter without going to court, we explore it with you. Settlement discussions, without prejudice meetings and mediation can all play a part in reaching a practical, early resolution.

Litigation

Many claims cannot be resolved through correspondence or negotiation. If that happens, we prepare the claim, issue the proceedings and manage the case from start to finish. This includes working with specialist barristers and gathering expert evidence.

Why Good & Murray Smith for Claims Against Financial Advisors?

Claims against financial advisors require specialist knowledge. We understand both the dispute and the financial services regulatory landscape. You also need reassurance that the people you are speaking to handle these issues every day and know how to move them forward.

• We have more than a century of experience acting in commercial disputes and professional negligence claims, including a significant number relating to financial advice, investment products and risk assessment failures.
• We understand how financial advisors work, how suitability assessments should be carried out and how investment products are structured, which allows us to identify where the advice fell short.
• We take a focused, evidence-driven approach so the work we do concentrates on the issues that genuinely influence the outcome and the cost of the case.
• We have strong negotiation and mediation experience and use these processes where they can help you resolve the matter efficiently and with less disruption.

Next Steps

If you have suffered losses and have concerns about the advice you received from a financial advisor, you can get in touch. We can help you understand your position and what your options look like.

You can reach us at gms@goodmurraysmith.ie or +353 1 764 4100.

If you would like a wider overview of how we handle professional negligence matters across all sectors, you can return to our main professional negligence page.