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Adviser banned for five years

A financial adviser who cycled through seven AFSLs in nine years has been banned after ASIC found he provided poor SMSF advice and based insurance advice on the commission he'd receive.

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Read more: ASICSpectrum Wealth AdvisersSean LewisGWM Adviser ServicesAMP Financial PlanningChubb Insurance AustraliaConsolidated Mercantile GroupMeritum Financial GroupNABNational Australia BankWealth Today