ASIC imposes 7-year ban on former UGC Head of Advice
The former head of advice at Melbourne-based UGC, Louis Van Coppenhagen has been banned from providing financial services for seven years.
The Australian Securities and Investments Commission (ASIC) announced it had banned Van Coppenhagen from providing financial services, controlling an entity that carries on a financial services business or performing any function involved in carrying on a financial services business.
It said it had found that Van Coppenhagen, while authorised by MWL Financial Services Pty Ltd (MWL), gave inappropriate advice to certain clients which was not in their best interests.
The regulator said Van Coppenhagen recommended certain MWL clients invest most of their superannuation into the ‘High Growth’ or ‘Growth’ class of the Shield Master Fund (Shield) which were high risk investments.
ASIC also found that Van Coppenhagen, while authorised by United Global Capital Pty Ltd (UGC), was instrumental to the implementation of UGC’s advice model including preparing a template Advice Proposal Document. ASIC cancelled UGC’s licence for providing conflicted personal advice concerning highly speculative investments.
ASIC has reason to believe that Mr Van Coppenhagen is not a fit and proper person, is not competent and is likely to contravene a financial services law.
The banning order took effect from 16 December 2025.
Nerida Cole – the head of dodgy Dixon’s Advisers with the MIS top down forced sales through their advisers ?
Nothing from ASIC to ban or fine her.
Instead she gets a plum job with Treasury to oversee all Adviser compliance.
The insane level of cover up and corruption over Dixon’s is just astounding.
DIXON’s must be investigated totally.
But will never happen as too many Canberra Pollies and Bureaucrats are exposed for their failures and cover ups.
The Head of Compliance, The Head of Sales, the Business Managers and other Seniors Managers are all still working because they’re not Directors and they’re not Authorised representatives or Relevant providers.
These people, cracking the whips at Finanical advisers working at United Global Advisers to sell more First Guardian products, are all likely to win an FAAA award in the next few years. it’s been done before.