Queensland adviser Garry Bradburn had registered financial planning business Lotustar Financial Planning in May 2020 under an office address in the Gold Coast suburb of Southport.
Lotustar Financial Planning’s website lists Mr Bradburn, who is an authorised representative of Bluewater Financial Advisers, as the company’s executive director.
Mr Bradburn was formerly the director of liquidated advice firm Lotustar Financial for three years. During that time he was an authorised representative of Dover and Synchron before joining Bluewater in mid-2019, ASIC records show.
In June 2020, Mr Bradburn had resigned as director of Lotustar Financial and appointed Paul Logan, who it’s understood had no advice experience or previous involvement in the company, as its sole director.
Liquidator Michael Caspaney was appointed to Lotustar Financial – which was registered to the same Southport office address as Lotustar Financial Planning – in August 2020.
ifa understands the case is now the subject of an ASIC investigation following Mr Bradburn’s refusal to co-operate with liquidators.
The regulator was unable to comment on the status of the investigation, while Mr Bradburn could not be reached for comment.
Hopefully this firm has been shut down by now.
There is a lot more to this story I feel. I think it is appalling journalism to report such nonsense based on innuendo. Maybe look into this story a bit more before reporting this. I know the individual well, and none of this occured.
I don’t think the creditors would agree with you David. Do a simple ABN search and you will see that the article is correct.
You don’t always no the real person
Damn – and this guy is still licensed?? You would think the Tax Practitioners Board would have revoked his affiliation after doing something like this
its what builders do every week….at lest this industry they try and catch up with them