Matthew Bradley Banned for 8 Years
The Australian Securities and Investments Commission (ASIC) has imposed an eight-year ban on Sydney-based financial adviser Matthew Simon Bradley. Bradley was authorised by MWL Financial Services Pty Ltd (MWL) from 11 October 2017 to 27 December 2021 and again from 28 March 2022.
As a result, Mr Matthew Bradley is no longer permitted to:
Provide financial services,
Control or be involved in businesses that deliver financial services, or
Perform any related roles in financial services.
ASIC found that Matthew Bradley gave advice that was not in his clients’ best interests, specifically recommending they invest most of their superannuation into high-risk options offered by the Shield Master Fund (Shield). This included the High Growth, and Growth classes (high risk), or the Balanced class (medium–high risk).
Mr Bradley’s Statements of Advice included misleading claims in oder to facilitate these investments with Shield, such as:
Projected returns for client superannuation that lacked reasonable foundations, and
Assertions that Shield had a superior performance track record over other funds.
As a result of this ASIC concluded that Mr Bradley was not a fit and proper person, was lacking adequate training or competence, and was likely to breach financial services laws.
The ban came into effect on the 3rd of July 2025. Bradley’s ban has been entered into ASIC’s Banned and Disqualified Register.
This information is based on the ASIC Media Release (25-128MR) from the 9th of July 2025 and is correct at the time of publishing.
If you are former client of Matthew Simon Bradley, and you have suffered financial loss as a result of of the advice you received, we can help you work out if you have an AFCA complaint, and help you with the process.
More information about the Shield Master Fund
In February 2024, ASIC halted new investment offers into the Shield Master Fund by issuing stop orders on multiple product disclosure statements. Since February 2022, over $480 million has been invested in the Shield Master Fund by more than 5,800 consumers, mostly through superannuation platforms managed by Macquarie and Equity Trustees.
Then, in June of 2024, ASIC moved to secure the assets within Shield Master Fund. ASIC sought orders to preserve these assets so that they may be recovered, as far as possible, for the benefit of the investors.
ASIC is still investigating the situation surrounding the Shield Master Fund, including the responsible entity (Keystone Asset Management Ltd), its directors, trustees, lead generators, and advisers.
