Professional negligence
Professional advisers and managers are increasingly being held
accountable to compensate their clients for the results of their
bad advice and the mismanagement of their clients' affairs.
Maurice Blackburn Commercial's lawyers have assisted
clients in claims against professional advisers and managers
including:
- financial planners
- accountants
- solicitors and lawyers
- fund managers
- superannuation trustees
- promoters and managers of managed investment schemes.
In order to establish a claim of negligence, a client has to
prove that the advice fell below the standard expected of a
reasonably competent and diligent professional adviser. A
similar test applies for negligent mismanagement.
Unfortunately, not all losses suffered following bad advice or
management can be recovered.
Be aware that in choosing a financial adviser or fund manager it
is important to know whether they have insurance for their own
negligence or misconduct and the level of cover they have. Often by
the time you know that your financial adviser or fund manager has
done the wrong thing by you, they are in financial trouble.
If you have lost money because of the bad advice or poor
performance of your professional adviser or fund manager, talk to
Maurice Blackburn Commercial's lawyers Neale Paterson or Lily Nguyen about whether
you have a good claim for compensation.