Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Monday, May 21, 2018

Advisor Firm in Australia Accused of Billing Deceased Clients

image from https://s3.amazonaws.com/feather-client-files-aviary-prod-us-east-1/2018-05-21/aaab59c4-e393-4ee5-b1b8-087645be7426.pngThe Australian Broadcasting Company, or ABC, revealed that financial advisors at a firm based in Sydney were charging deceased clients for services that could not have been taking place. In one instance that was investigated, a widow claimed that after her husband passed away in 2013, the financial firm continued to bill him.

This is not the only Australian financial firm that is being investigated. According to Bloomberg, the Financial Services Royal Commission has been looking into the practices of several firms for fee malpractice.

See Asia Martin, Advisor Firm In Australia Accused Of Billing Deceased Clients, Financial Advisor, April 24, 2018.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.) for bringing this article to my attention.


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