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
ASIC has permanently banned a financial adviser after he allegedly concealed information from clients and misused client funds, among other breaches.
Disgraced adviser Joshua Fuoco described himself as the “biggest monkey” at AFSL Group and provided financial advice via WhatsApp, all while being banned for 10 years, court documents show.
The Compensation Scheme of Last Resort has released the FY26 revised levy estimate, but the FAAA is concerned costs will be pushed into the following year.
Former Iress chief executive, Andrew Walsh, has been promoted to chair of a boutique Sydney advisory firm, having stepped down from the same position at Mason Stevens.