Financial Services
Financial Services Solicitors
Financial services law covers the regulation of banks, investment firms and advisers, and disputes with them. Some solicitors advise regulated businesses; others act for customers who have lost money in England and Wales.
- Verified solicitors
- Regulated firms
- Free to use
Overview
What this area covers
Financial services law covers regulated activities such as banking, investments, insurance, lending and financial advice. Most of this is overseen by the Financial Conduct Authority (FCA). It includes both disputes brought by consumers and investors, and compliance advice for firms.
Common situations
When you may need a financial services solicitor
- You lost money on an investment you believe was mis-sold.
- Your business needs FCA authorisation or compliance advice.
- A regulated firm is subject to an FCA investigation.
The solicitor’s role
How a financial services solicitor can help
Solicitors advise consumers on complaints and claims, including when to use the Financial Ombudsman Service, and advise firms on authorisation, rules and enforcement.
Costs
What does a financial services solicitor cost?
Charged hourly, by fixed fee, or in some consumer claims on a conditional basis. Complaints to the Financial Ombudsman Service are free for consumers.
Getting ready
What to prepare before contacting a solicitor
- Product documents and statements
- Advice records
- Complaint correspondence
- Any final response letter from the firm
Choosing a solicitor
Choosing a solicitor
Consumer claims and regulatory advice for firms are distinct specialisms; ask which the firm focuses on.
Every firm listed on Verified Solicitors is regulated by the Solicitors Regulation Authority. You can compare firms’ profiles, locations and reviews before getting in touch.
Find financial services solicitors
Search Verified Solicitors for SRA-regulated firms that handle financial services matters, then compare their profiles.
- Verified solicitors
- Regulated firms
- Free to use
A common question
Do I need a solicitor to complain to the Ombudsman?
No. The Financial Ombudsman Service is free and designed for consumers to use directly. A solicitor may help with larger or more complex losses.
Related legal services
The information on this page is general information, not legal advice. The law and procedures can change and how they apply will depend on your circumstances.