In 2007 Lisa and her partner Jason had built up a lump sum and were recommended to speak with a financial adviser from St James Place.
An adviser visited them at their home and the couple were advised to invest a total of £64,000 in ISAs and Unit Trusts. However, soon after the couple invested there was significant turmoil in the UK economy which resulted in the Stock Market being extremely volatile across this period. When Lisa and Jason cashed in their investments the following December they lost around 30% of the money they had invested.
Lisa heard Goodwin Barrett’s ad on the radio and contacted us to see if this was something we could help with. We discussed the couple’s personal and financial circumstances and found that they had been recommended to invest heavily into commercial property. This was too high in risk for clients who had never invested previously.
We submitted our claim to St James Place and explained why we felt Lisa & Jason were advised wrongly. The claim resulted in an award of £42,114 to the delighted couple.