Retirewell Financial Planning director Tony Gillett has dismissed claims made in the mainstream media last week that former Minister for Ageing Santo Santoro received financial advice from the company.
The minister resigned from parliament on Friday after he failed to declare his share trading activities.
These trading activities included the purchase of shares from pharmaceutical company CBio Shares.
The share offer was made through Retirewell.
"We are not Santoro's financial adviser. He only bought a small amount of CBio shares from us. The transaction was part of a share offer, offered to hundreds of people, Gillett said.
Gillett said there was no foundation to media claims that suggest an improper share sale of CBio shares to fund the Family Council of Queensland.
Retirewell's adviser Alan Baker is president of the organisation.
The Family Council of Queensland already received donations from the University of Queensland, the Queensland Labor Government as well as the Brisbane City Council. Alan is a committed Christian and Santo Santoro is a devout Catholic.
Santoro was simply approached to fund the cost of running the Family Expo, Gillett said.
"A lot of what has been reported has been exaggeration. It is not only false, but also preposterous and defamatory," he said.
