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.
AUTHOR
Chris Dastoor
Recommended for you
Wrapping up the reporting season for the 2024–25 financial year, Money Management rounds up the results of Australia’s listed platforms.
Investment platform Praemium has announced an integration with fund services firm Clearstream’s platform into Praemium Spectrum, expanding advisers’ access to global funds and greater operational efficiency.
Financial services firm Akambo has rebranded itself as an investment management and asset consulting business after almost two decades of operation, targeting $20 billion in assets under management.
Big four bank Westpac is seeking to expand the BT Panorama investment offering through strategic alliances as well as launching a low-cost offering.
