QLD Financial Advisor Asking for Original Enduring Power of Attorney?

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Helenm

Active Member
27 April 2018
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1
34
Hi all,

My partner and his sister just visited his mum’s financial advisor (with their Mum) as she has a some money left over after downsizing. The kids both have a Enduring Power of Attorney but the financial advisor (despite giving advice for over two hours) said she then needed them to supply an original of the Enduring Power of Attorney. Why would that be?

She said she needed a copy of original....not copy of their copy...but why on earth would she require this? They showed her the documents the lawyer has given them. With the current issues surrounding banks and advisors, we are wondering why she wanted originals. Seemed a bit insidious especially as her client was right there and in sound mind. Can anyone enlighten me on why she would need original?
 

Rob Legat - SBPL

Lawyer
LawTap Verified
16 February 2017
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2,894
Gold Coast, Queensland
lawtap.com
Were you providing a certified copy? If so, that should have been enough, but some people are overly pedantic. I always advise clients to take the original plus a certified copy - show them the original, leave them the certified.

If it wasn't a certified copy, I would have refused to accept it at as well.
 

Helenm

Active Member
27 April 2018
6
1
34
Hi Rob thanks for your reply. It was a certified copy and original held with lawyer only. It did seem overly pedantic and I don’t think the original should be handed around. Anyway thanks for reply, appreciated.
 

Palmkarl

Member
3 November 2020
3
0
1
Florida Palm Coast
Hi Helen. I don't know if you have already solved your problem but I have a good option for you or for other people who are confronting with a similar problem. One of my partners works also as a financial advisor. And I heard that he has a big experience concerning this type of problems. His employees are very good specialist, and they can help you also with managing your wealth. Telling and calculating where is good to invest. They are very transparent and receptive to all your questions. Hope it will help you and other people!