Former Financial Wisdom advisor banned by ASIC

21 March 2019

Victorian financial advisor Anneliese Ada Willmott has been banned from providing financial services by the Australian Securities and Investments Commission (ASIC).

Willmott was formerly an authorised representative of Financial Wisdom Limited, a Commonwealth Bank of Australia-owned financial planning firm, from 12 November 2015 to 10 August 2017.

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ASIC found Willmott had:

  • engaged in dishonest, misleading and deceptive conduct by forging client signatures, using false documents and back-dating documents;
  • deleted records to conceal misconduct;
  • falsely declared to have witnessed signatures on Death Benefit Nomination Forms and arranged for others to backdate and falsely witness these forms; and
  • failed to provide Statements of Advice to clients.

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