People turn to financial advisors to help them plan for their future and make the most of their income. Unfortunately, at times, the advice you receive is wrong, misleading or negligent.

This can have a devastating impact on your life and future. If you have received bad financial advice or have suffered a loss due to the conduct of financial advisors, brokers, planners, banks, lawyers or anyone in a professional position who was acting for you, our expert team of lawyers can help you bring a compensation claim.

Standards of practice govern the finance industry and the conduct of its professionals. When financial advisors, brokers or planners fail to exercise the correct duty of care they violate these benchmarks and severely impact the lives of their clients.

Financial advisors and a number of other professionals owe a duty of care to their clients. This requires them to:

  • Obtain sufficient information about the client’s financial needs and objectives
  • Understand the financial products they are offering, and
  • Act within the scope of their expertise.

This duty of care extends to financial advisors, financial planners, stockbrokers, accountants and bankers, along with a number of other professionals. Poor or inappropriate financial advice may lead to clients suffering significant financial losses; their retirement and self-managed superannuation funds that have often been accumulating over a lifetime, may be put at risk.

If this is the case, you may be able to claim compensation for any losses directly resulting from inappropriate financial advice. This is where we can help. Gouldson Legal lawyers are experienced in helping Queenslanders seek compensation when things go wrong, and helping those who suffer due to poor financial advice is no exception.

Unlike many of the other major firms, our approach is personalised, and based on your individual requirements. We will allocate one of our expert lawyers to your case based on your specific financial negligence circumstances, meaning you receive the expertise needed to get the best result possible. We will act for you on a No Win No Fee basis, which means that you don’t pay anything unless we win your claim. Even then, our cap is 20% lower than other firms. So you get the best financial result possible.

Call us or email us today for a no obligation discussion with one of our experienced compensation lawyers. We’ll have a confidential and obligation free chat and get your free case review under-way.

Common Questions:  

If you have suffered financial loss as a consequence of the actions/ inactions/ negligent advice or recommendations of a professional, then you may have the right to seek compensation. Every case is different and each case required detailed investigation by our expert lawyers.

Gouldson Legal operates on a No win No fee basis. For no charge, a qualified compensation lawyer will meet with you and answer all of your questions. They will also discuss the merits of your claim and your legal rights to make a financial negligence claim. If you proceed you will only be charged if you successfully receive compensation. Our professional fees are charged at a competitive rate, not a percentage of your damages.

Those fees are capped at 30% of your final compensation payout, to ensure you won’t be left wanting.

Every claim is as individual as the person making it. There are many factors that may shorten, or prolong, the time it takes for a decision to be made. We will discuss these factors with you to keep you informed of your rights along the way. To speed up the process, ensure you lodge a claim as soon as possible and have accurate and detailed records at hand. Should we require further records we will inform you of the detail and also assist you to obtain all the required information. Please give us a call if you would like more information on this process.

Where Do I Begin?  

Ensure you have copies of all engagement letters, contracts, paperwork regarding or concerning the advice you received or the product you invested in.

Names, addresses and proper identity details for advisers is critical.

Dates of meetings or phone calls need to be precise.

Make a first contact with our team once you have the information above. One of our expert lawyers will talk with you, in person or over the phone, and ensure you understand everything.