Wickham Securities Limited (Wickham Securities) is a debenture company based in Brisbane.
PPB Advisory (Messrs Grant Sparks and David Leighwere) were appointed voluntary administrators to Wickham Securities on 21 December 2012, by the director Bradley Sherwin. Creditors resolved at the second meeting of creditors on 6 February 2013 to wind up the company with PPB Advisory now acting as liquidator.
DIY Superannuation Services and Sherwin Financial Planners are entities associated with Bradley Sherwin that provided financial advice and self-managed superannuation services.
On 24 January 2013 Stefan Dopking, Quentin Olde and Michael Ryan of Taylor Woodings were appointed voluntary administrator of seven companies (the Sherwin Group) of which Bradley Sherwin is director:
Sherwin Financial Planners Pty Ltd
DIY Superannuation Services Pty Ltd
Wickham Capital Pty Limited
Astor Funds Pty Ltd
Reacroft Pty Ltd
Blue Diamond Investments Pty Ltd, and
SP Property Pty Ltd.
Help for investors
Investors seeking information about Wickham Securities should contact: PPB Advisory (the liquidator)
Contact: Michelle Harper. email: firstname.lastname@example.org or phone (07) 3222 6828.
Sherwin Financial Planners
Investors seeking information about Sherwin Financial Planners should contact Taylor Woodings Brisbane (email: email@example.com or phone (07) 3041 2905)
DIY Superannuation Services
Investors seeking information about DIY Superannuation Services should contact Taylor Woodings Brisbane (email: firstname.lastname@example.org or phone (07) 3041 2905)
For any tax-related questions or concerns, please contact the Australian Taxation Office on 131 020.
Trouble with debt
If you are having debt and cash flow issues see trouble with debt on ASIC's MoneySmart website.
Complaints/notification of claims to the liquidator
Investors who believe that they were provided with negligent or improper advice and/or who believe they have suffered financial loss by the actions of Sherwin Financial Planners Pty Ltd or DIY Superannuation Services Pty Ltd should urgently consider notifying the liquidator (Taylor Woodings) of their claim.
ASIC requires financial planners to hold professional indemnity insurance cover (PI cover). PI cover is generally offered by an insurer on a 'claims made' basis - that is, any claim to which the PI cover might potentially respond needs to be made or notified within the 'period of cover'.
Notification of claims to the Administrator should be made as a matter of urgency and in any event before 31 March 2013, as there is reason to believe that the PI cover, in favour of Sherwin Financial Planners and DIY Superannuation Services Pty Ltd, may lapse on 31 March 2013. Given the fact of the entry into liquidation of Sherwin Financial Planners Pty Ltd and DIY Superannuation Services Pty Ltd it is most unlikely such PI cover will be renewed by the Administrator (or offered for renewal at a premium that is not prohibitive to the Liquidator) beyond 31 March 2013.
ASIC recommends that investors/clients of Sherwin Financial Planners Pty Ltd and DIY Superannuation Services Pty Ltd, take legal advice in relation to this issue.
Reporting information to ASIC
To report information to ASIC on DIY Superannuation, Sherwin Financial Planners or Wickham, please contact ASIC on 1300 300 630 or go to www.asic.gov.au/complain