Westpac takes former advisers to court

Westpac has lodged proceedings in the Supreme Court against three former advisers, who all left to join the same boutique advice firm, over alleged breaches of contract.

According to documents lodged with the Supreme Court of Victoria, the bank has commenced proceedings against Martin Sherwood, Dale Morgan and James Williams, all of whom were previously licensed by Westpac Banking Corporation, according to ASIC data. 

The former Westpac advisers are currently registered as advisers with Viridian Advisory, a boutique firm based in Melbourne with additional offices in NSW, Tasmania and Western Australia.

According to the Supreme Court documents, the proceedings against Mr Williams and Mr Sherwood have been brought by Westpac Financial Consultants, while the proceedings against Mr Morgan have been brought by Westpac Banking Corporation.


A spokesperson for Westpac subsidiary BT Financial Group confirmed the legal proceedings but was not able to provide further detail on the matter.

“Westpac has commenced legal action against three former employees for breach of contract. As the matter is before the courts, we will not be commenting further,” the spokesperson told ifa.

ifa has sought comment from the three former Westpac advisers. 

Westpac takes former advisers to court
Westpac, Supreme Court, Viridian Advisory, Dale Morgan, Martin Sherwood, James Williams, BT,
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

Website Notifications

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