AMP-aligned firm gets wind-up order

Another AMP-aligned advice firm has been added to ASIC's insolvency list after the Australian Taxation Office filed a winding-up order against the firm.

According to ASIC's notice, the ATO filed an application to wind up Victoria-based Blazer Wealth Management on 5 January. The Federal Court will hear the order in Melbourne on 5 February, the notice said.

Blazer's director, Tony Blazevski, has been licensed by AMP Financial Planning since 2004, ASIC's adviser register shows.

Speaking to ifa, an AMP spokesperson said the wind-up order was the result of an administrative misstep.


"Blazer Wealth Management is working with the ATO to resolve a business administrative error, unrelated to client service," the spokesperson said.

"The firm continues to operate as normal."

ifa reported yesterday that a former Genesys-licensed firm, which went into liquidation six months ago, may not be able to compensate all of its creditors.

In July, former AMP-aligned Murray River Financial Services went into liquidation. ASIC's register shows the firm's director, Colin Smith, is no longer licensed by AMP Financial Planning.

AMP-aligned firm gets wind-up order
ifa logo

Subscribe to the ifa bulletin

Receive daily online news,analysis, reports and business strategies
By signing up you agree to our Terms of Use and Privacy Policy

from the web

Website Notifications

Get notifications in real time and stay up to date with content that matters to you.