Business
Former AMP, MLC wealth adviser jailed – The Australian Financial Review
Anthony Vivian Dick, who transferred more than $1 million from his clients’ accounts to fund lifestyle purchases including a boat, has been sentenced to eight y…
He had previously been licensed by AMP-owned Jigsaw Support Services between 2004 and 2012, and National Australia Bank-owned GWM Adviser Services from 2012 to 2014. GWM is one of the licensees being closed as the bank readies to transfer ownership of its MLC Wealth subsidiary to IOOF.
“Mr Dick has been found to have breached the trust of his clients, who included unsophisticated investors and intellectually disabled consumers whom he deliberately targeted,” said ASIC deputy chairman Daniel Cre…
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