The Australian Securities & Investments Commission has banned Victorian financial adviser Nicholas Hogan from the financial services industry for four years after finding failures to act in clients’ best interests, inappropriate advice, and misleading, deceptive and unprofessional conduct. The banning order took effect from 18 December 2025. ASIC found Hogan impersonated other advisers, knowingly had statements of advice (SOAs) prepared by others in his name, and presented SOAs under other advisers’ names to clients of Venture Egg and Reilly Financial despite limited interaction with those clients. Four clients were advised to switch superannuation funds using an advice process that outsourced key steps, including fact finding and risk profiling, to an unlicensed third-party referral partner, with predetermined outcomes based on a template SOA recommending a switch to Netwealth and retaining AUD 10,000 in each existing superannuation fund for insurance. Hogan applied to the Administrative Review Tribunal for review and for stay and confidentiality orders on 22 December 2025, but later withdrew those applications and the Tribunal confirmed the matter was dismissed. ASIC recorded the banning on its Financial Advisers Register and Banned and Disqualified register, and referenced Information Sheet 182 on compliance obligations for super switching advice.
Australian Securities & Investments Commission 2026-03-30
Australian Securities & Investments Commission bans adviser Nicholas Hogan for four years over misleading conduct and superannuation switching advice
The Australian Securities & Investments Commission has banned Victorian financial adviser Nicholas Hogan from providing financial services for four years for failing to act in clients’ best interests, giving inappropriate advice, and engaging in misleading, deceptive and unprofessional conduct, including impersonating other advisers and misusing statements of advice. ASIC found four clients were advised to switch superannuation funds using an outsourced, templated advice process involving an unlicensed referral partner and predetermined recommendations. Hogan’s application for review to the Administrative Review Tribunal was withdrawn, the matter dismissed, and the banning recorded on ASIC’s public registers.