There are a number of ways you can resolve disputes with your financial adviser. Before you consider legal action, approach your financial adviser about a deal, which could save you both legal fees and a lot of time. Of course, when a financial adviser has been misleading or fraudulent it can be hard to reach a settlement, which is why you should approach a lawyer first before you talk with your financial adviser about your claim. Another thing to consider is if your financial adviser has been fraudulent or negligent or if it is just an honest mistake as in a lot of cases. If a financial adviser has given you solid advice and information about the investments; you have agreed to partake; and the investment is within your means; there is a good chance you will not have a case, as your adviser has provided all the information you would need to make an informed decision.
If this was not the case, and your financial planner didn’t give you all the relevant information in regards to the risk you were undertaking or they have over extended your budget, then there is a good chance you have a claim against their actions. Negligent behaviour by financial planners can also be tied to fraudulent behaviour, in which they personally benefit from your investment. When any negligent or fraudulent investments result in a large loss on your part, your financial planner is responsible for your losses due to their dishonest actions.