ASIC has banned a former Westpac financial planner, Anthony Bishop, of Chelmer, Queensland, from providing financial services for eight years.This outcome is a result of ASIC's Wealth Management Project, established in October 2014 to lift the standards of conduct among the largest financial advice firms - namely: NAB, Westpac, CBA, ANZ, AMP and Macquarie.In a media announcement, ASIC said that during the period from July 2010 to April 2014, when he was an employee representative of Westpac Financial Consultants Ltd - a part of the Westpac Banking Corporation - Bishop provided inappropriate advice to clients and, in one instance, also failed to provide a client with a written statement of advice and made one misrepresentation concerning tax savings.The investigation started after Bishop's behaviour was reported to ASIC in May 2014.In its critique of Bishop's approach, ASIC said Bishop implemented a "one size fits all" advice strategy that:•    did not tailor advice to clients' personal and financial circumstances; and•    led to clients being over insured with inappropriate level of premiums.ASIC said that a customer remediation process was undertaken and 29 former clients were paid a total of $1,127,543 made up of advice fees, refunds of premiums for inappropriate advice and market loss relating to investments.Bishop joins two other ex-Westpac financial advisers, Amanda Ritchie and Martin Hodgetts (both earning life bans for falsifying records), on the sin bin bench. The list of banned or suspended financial services advisers, which seems to be dominated by Macquarie Equities, now shows more than 20 of ASIC's actions have succeeded.