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Showing 1 - 10 of 24 results for "MWL"

Another MWL adviser banned over Shield collapse

RIDDHIMA TALWANI  |  THURSDAY, 16 JUL 2026
ASIC has banned another MWL Financial adviser Nicole Niu from providing financial services, controlling an entity that carries on a financial services business or performing any function involved in the carrying on of a financial services business for ...

Tribunal shortens financial adviser's five-year ban

KARREN VERGARA  |  WEDNESDAY, 1 JUL 2026
... ban on providing personal financial advice to three years upon appeal. Henry was initially banned by ASIC while he worked at MWL Financial Services over advice failures linked to recommendations of a managed fund to three client groups in 2023, while ...

ASIC bans another former MWL adviser

ELIZA BAVIN  |  THURSDAY, 23 APR 2026
... decision. Morgan had also brought a stay and confidentiality application which he has now withdrawn. Morgan was authorised by MWL Financial Services from 1 May 2017 to 28 August 2025. On 25 August 2025, ASIC cancelled MWL's Australian Financial Services ...

ASIC bans another MWL adviser

RIDDHIMA TALWANI  |  WEDNESDAY, 8 APR 2026
ASIC has banned another MWL financial adviser David Lofthouse for three years for advising clients to invest at least 75% of their superannuation savings into the High Growth or Growth class of the Shield Master Fund. ASIC said Lofthouse gave six clients ...

Former MWL Financial adviser banned for six years

ELIZA BAVIN  |  TUESDAY, 10 MAR 2026
... returns and outperformed alternatives since 2017 when Shield had only come into existence in May 2021. Terheci was authorised by MWL from 1 June 2022 to 23 December 2024. Prior, she worked as an adviser for short periods at Aware Super and Equip Super. ...

AFCA membership extended for Shield, First Guardian-linked firms

KARREN VERGARA  |  WEDNESDAY, 4 MAR 2026
... or fixed membership end dates." The decision also affects Financial Services Group Australia, which is in liquidation, and MWL Financial Services, which is currently in administration. ASIC estimates 12,000 investors were impacted by the collapse of ...

AFCA reveals outcome of final lead decision

MATTHEW WAI  |  MONDAY, 2 MAR 2026
... distributions. The outcome finalises all lead decisions of entities related to the collapse of Shield and First Guardian, including MWL Financial Services, Financial Services Group Australia, and Interprac Financial Planning.

Another MWL Financial Services adviser banned

ANGELIQUE MINAS  |  THURSDAY, 12 FEB 2026
Effective February 5, ASIC banned former MWL Financial Services (MWL) adviser Neil McPherson for giving advice to certain clients that was not in their best interests. An investigation found that during his tenure with MWL, McPherson recommended some ...

Deadline approaches for Shield, First Guardian victims

MATTHEW WAI  |  FRIDAY, 6 FEB 2026
... lead decisions for complaints involving advice businesses Shield and First Guardian, and has since provided the outcomes for MWL Financial Services, Financial Services Group Australia, and Interprac Financial Planning.

Interprac ordered to pay $120k over Shield advice, blames Macquarie

MATTHEW WAI  |  TUESDAY, 3 FEB 2026
... and First Guardian to streamline over 1800 complaints in December. The outcomes for Financial Services Group Australia and MWL Financial Services were also recently released, with United Global Capital and Next Generation Advice remaining as the only ...
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