Former Financial Wisdom advisor banned by ASIC


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.
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.
Recommended for you
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
A $3.5 million settlement for victims of Melissa Caddick has been approved by the Federal Court following an initial agreement last December.
The Reserve Bank of Australia has delivered its first rate decision since the introduction of a new board structure last month.
Digital advice provider Otivo has launched an interactive tool, powered by artificial intelligence and Otivo’s own advice engine, to help answer client questions.