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Professional Negligence Claims Against Financial Planners

Experiencing loss due to financial planner’s negligence? Gibbs Wright Litigation Lawyers can help. We can help assess your case with a view to obtaining compensation for your loss. Discuss your situation with our negligence litigation team today.
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Financial Planner Negligence Claims

Have you experienced financial loss due to the advice of a financial planner? Navigating the complexities of professional negligence can feel overwhelming, especially when it comes to understanding the legal nuances and your rights. At Gibbs Wright Litigation Lawyers, we’re here to support you through this. Under Australian laws, including the Corporations Act 2001 and Australian Consumer Law, you are protected against misleading or negligent financial advice. These laws ensure that if you’ve suffered due to poor or deceptive advice from a financial planner, you have the right to seek redress.

Our team can assess claims of professional negligence, considering all aspects of your interaction with your financial planner — from the advice given to the expected standards of conduct. Whether your case involves misjudged investments, misleading advice, or failure to consider your personal circumstances, we’re equipped to help.

Don’t let a negligent financial decision impact your future. Book a free consultation with Gibbs Wright Litigation Lawyers. We’ll review your case, inform you of your legal position, and formulate a strategy to pursue the justice and compensation you deserve.

What is negligence by a financial planner?

Financial planner negligence can manifest in various scenarios, impacting your financial stability and future. Common situations include:
  • Inadequate risk assessment and failing to accurately assess or communicate investment risks aligned with your financial goals and risk tolerance.
  • Misleading investment advice, based on inaccurate or deceptive information, leading to unsuitable investments.
  • Lack of due diligence and failing to thoroughly research or disclose all relevant information about investment opportunities.
  • Neglecting client’s personal circumstances, including overlooking your specific financial situation, needs, or objectives when advising.
  • Unsuitable tax strategies, such as recommending tax minimisation schemes without considering their suitability or legal implications for you.

How to get started

Litigation can be complex and daunting, but we’ll make the process easier for you. Book a complimentary call today.

1

Tell us your
legal matter

Speak to one of our litigation lawyers via phone for free and provide the necessary details and documents so we can better understand your situation.
2

We’ll let you know
where you stand

If we think that you have a good argument, we’ll devise a strategy for you on how we will take on your matter, and give you legal guidance and a fee estimate. All for free.
3

You Decide

It’s ultimately your decision whether to hire us or not based on the strategy and fee estimate we gave you. There’s no obligation and no pressure to proceed.
1

Tell us your legal matter

Speak to one of our litigation lawyers via phone for free and provide the necessary details and documents so we can better understand your situation.
2

We’ll let you know where you stand

If we think that you have a good argument, we’ll devise a strategy for you on how we will take on your matter, and give you legal guidance and a fee estimate. All for free.
3

You Decide

It’s ultimately your decision whether to hire us or not based on the strategy and fee estimate we gave you. There’s no obligation and no pressure to proceed.
Book a free consultation

Why Gibbs Wright

Our team of litigation lawyers are committed to protecting your rights and getting the best possible outcome for your situation.

  • We only do litigation

What we do is very simple: we sue people, defend people when they get sued and negotiate resolutions to disputes to prevent proceedings from commencing. It’s the only thing we do and we do it really well.

  • We know how to win
Having done this for many years, we know the law and the legal processes like the back of our hands. But more importantly, we know how to win. No matter the industry you’re in or how complex your situation is.
  • Fight-to-win attitude
When we take on your legal matter, you know that our team of expert litigation lawyers will fight for you not just for the sake of it. We will fight relentlessly so you can get back to business as soon as possible.  

Hear it from our satisfied clients

If you are looking for an easy approach lawyer, to be available when needed, be knowledgable, fast and accurate , I strongly recommend this law firm .
They assisted me in a construction dispute we had (as big as $250k) with the builder.
Desirable outcome !

- Artin

I’m very impressed with the service from Spencer Wright at Gibbs Wright Lawyers. They are experts in the field. He has gone above and beyond what I was expecting from past experience with other firms. I would highly recommend anyone with legal issues to go and talk with Spencer, his calm and knowledgeable manner immediately put me at ease. Thank you for your expertise and I would definitely work with you again!

- Andreas

My experience with Gibbs Wright was excellent. I received prompt, positive, and strong professional advice delivered in language I could understand. I felt understood, and protected. The result in my matter was complete success, gaining the outcome I engaged Gibbs Wright to achieve for me. I could not be happier, and highly recommend Gibbs Wright to anybody needing this kind of service. Thank you.

- Christina

During the first phone call with Spencer, I knew immediately that I was in competent hands. Spencer and his troops moved into a position akin to military action. I can confidently say that Gibbs Wright Litigation Lawyers are powerful and surprisingly cost-effective.

- John

I would recommend Gibbs Wright if you have a problem and need someone to help. They carefully listened and assisted me in a difficult matter that resulted in a negotiated settlement that I was happy with.

- Paul

Expert litigators, ready to fight for you.

Spencer Wright

Litigation Director

Spencer leads the strategic operations at Gibbs Wright, with a wealth of knowledge on Queensland law and business operations.

Meet Spencer »

Melany Dowse

Special Counsel

Melany represents a range of clients from individuals and small businesses to body corporates and insolvency practitioners.

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Mitchell Caldwell

Senior Litigation Solicitor

Mitchell has degrees in both law and aviation management and has an extensive background in customer service.

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Emma Bettridge

Special Counsel

Emma is an experienced commercial litigator committed to giving her clients practical and solutions-oriented advice.

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Frequently Asked Questions

  • What qualifies as professional negligence by a financial planner?

    Professional negligence occurs when a financial planner fails to provide services to the required standard, leading to financial loss. This may include poor investment advice, failure to consider a client’s financial situation, or providing misleading information.

  • How do I know if I have a claim against my financial planner?

    A claim may exist if you suffered a loss due to your planner’s negligent advice or actions. This could be due to unsuitable investment recommendations, inadequate risk assessments, or misleading financial strategies. Speak to Gibbs Wright to assess your case.

  • What are the first steps in pursuing a professional negligence claim?

    Initially, gather all relevant documentation related to the advice provided, including contracts, communications, and financial statements. Then, consult with a legal expert to evaluate the strength of your case.

  • Can I claim compensation for financial loss due to negligent advice?

    Yes, if it’s proven that your financial loss resulted from your planner’s negligence, you can claim compensation. The amount depends on the extent of your financial loss and other related factors.

  • Is there a time limit for making a professional negligence claim?

    Yes, there are time limits for making such claims, which vary depending on your location and specific circumstances. It’s important to seek legal advice as soon as possible to ensure your claim is filed within these time limits.

  • Do these claims always go to court?

    Not necessarily. Many professional negligence claims are settled out of court through negotiations or mediation. However, if a satisfactory settlement can’t be reached, court proceedings may be necessary.

  • What evidence do I need to support my claim?

    Evidence can include any documentation related to the financial advice received, such as emails, contracts, investment reports, and financial statements demonstrating the loss incurred.

  • What does the process of a professional negligence claim involve?

    The process typically involves an initial consultation, evidence gathering, possible negotiations for settlement, and, if necessary, litigation. Each case varies, and your lawyer can guide you through the specific steps for your situation.

  • Are there any costs involved in filing a claim?

    Legal costs can vary. It’s important to discuss fees and potential costs with your lawyer during the initial consultation.

  • How can Gibbs Wright Litigation Lawyers assist in my case?

    Our experienced team provides comprehensive legal support, from assessing your claim to representing you in negotiations or court. We aim to secure the best possible outcome for your case.

Explore your legal options with Gibbs Wright Litigation Lawyers - Brisbane’s Leading Litigation Firm.

Our expert litigators will let you know where you stand and give you legal guidance.

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