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Showing 71 - 80 of 149 results for "Financial Wisdom"

ASIC to watch CBA advisers closely

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
... has appointed a compliance expert to examine the performance of advisers at Commonwealth Financial Planning and Financial Wisdom. KordaMentha Forensic will review past activities by Commonwealth Bank (CBA) advisers and will report to ASIC three times. ...

CBA appoints litigators as customer advocates

LAURA MILLAN  |  MONDAY, 3 NOV 2014
... CBA's program to compensate victims of advice given by financial planners at Commonwealth Financial Planning and Financial Wisdom. CBA also announced "an extension of the customer contact element of the program," but said that details about it will be ...

Financial Wisdom and Count also subject to higher standards

LAURA MILLAN  |  THURSDAY, 23 OCT 2014
Advisers at Commonwealth Bank-owned (CBA) Financial Wisdom and Count Financial will be subject to higher education standards from today, joining their counterparts at Commonwealth Financial Planning and BW Financial Advice. The new standards apply to ...

CBA receives 4200 requests for advice review

JAMES FERNYHOUGH  |  MONDAY, 13 OCT 2014
Approximately 4,200 customers of Commonwealth Financial Planning (CFP) and Financial Wisdom have applied to have advice they received reviewed by the Commonwealth Bank's (CBA's) Open Advice Review program. This figure represents around 1% of customers ...

CBA looks for plaintiffs to assist in remediation process

LAURA MILLAN  |  MONDAY, 25 AUG 2014
... inquiry unveiled systemic problems within CBA's financial advice businesses Commonwealth Financial Planning and Financial Wisdom. CBA is offering customers an independent assessment of the advice received at no cost and those who are not satisfied with ...

Greens slam CBA executives pay rise

LAURA MILLAN  |  TUESDAY, 19 AUG 2014
... (ASIC) prompted by cases of poor advice at CBA. The inquiry concluded that poor advice was widespread within CBA's Financial Wisdom and Commonwealth Financial Planning. It unveiled cases of document forgery and a large number of deficiencies in CBA's ...

Macquarie forced to contact all advice clients for remediation

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
... process that mirrors that of Commonwealth Bank's financial planning divisions, Commonwealth Financial Planning and Financial Wisdom. At the time of publishing, Macquarie had not responded to Financial Standard 's requests for comment. Speaking to the ...

CBA dismisses Murray's concerns over vertical integration

LAURA MILLAN  |  THURSDAY, 14 AUG 2014
... imposed by the Australian Securities and Investments Commission (ASIC) on CBA's Commonwealth Financial Planning and Financial Wisdom businesses. "The financial impact of the Open Advice Review program and new licensee conditions are a contributor as ...

CBA appoints international experts to oversee advice program

LAURA MILLAN  |  MONDAY, 11 AUG 2014
... inquiry unveiled systemic problems within CBA's financial advice businesses Commonwealth Financial Planning and Financial Wisdom. The bank has so far set up a dedicated team, a website and a phone number to attend customer's demand for a review of their ...

CBA, ASIC unveil details of new compensation scheme

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
... to compensate victims of poor advice was found to be inconsistent. Commonwealth Financial Planning (CFPL) and Financial Wisdom (FW) will have to reopen the compensation process by contacting more than 4,000 clients with an assessment of the advice received ...