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Showing 1 - 10 of 3680 results for "January"

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
... authorisation from a licence holder to issue or provide financial advice about the Qoin Wallet for most of the period since January 2020. BPS was found to have engaged in deceptive practices, falsely claiming that the Qoin Wallet was officially registered ...

Count upgrades synergy benefits after Diverger acquisition

ELIZA BAVIN  |  FRIDAY, 3 MAY 2024
... under advice to $29.9 billion. Count paid $1.3651 for each Diverger share following a 99.97% approval from shareholders in January. The Federal Court approved the deal on February 15. Meantime, former Diverger managing director Nathan Jacobsen is set ...

Chief member officer leaves Insignia Financial

JAMIE WILLIAMSON  |  WEDNESDAY, 1 MAY 2024
... officer for its superannuation business, confirming the departure of Anne Coyne. Coyne was first appointed to the role in January 2023, following close to two years in governance and disclosure roles with the firm. Prior, she spent about 14 years with ...

Treasury shakes up foreign investing framework

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2024
... investment application. Treasury aims to process 50% of cases within the initial statutory timeframe of 30 days from 1 January 2025. Chalmers wants to incentivise early applications and more participation by providing a fee refund for foreign investment ...

Brighter Super to close socially responsible options

JAMIE WILLIAMSON  |  TUESDAY, 30 APR 2024
... investment fees and costs are going down 0.02% to a total of 0.74%. Brighter Super said it plans to further reduce fees in January 2025. Following the changes, Brighter Super will offer 16 investment options to members. This is the second time in two ...

Adviser fakes exam certificate, cops ASIC ban

KARREN VERGARA  |  FRIDAY, 26 APR 2024
... not meet the prescribed education and training standard. Baaini worked at AMP Financial Planning between July 2011 and January 2012. She then went on to work at Affinia Financial Services for about three years and jumped to NAB as senior financial adviser ...

Goldman Sachs ditches robo-adviser Marcus Invest

KARREN VERGARA  |  FRIDAY, 26 APR 2024
... billion in AUM, are the biggest standalone digital advisers in the US that are not backed by established institutions. In January 2022, UBS announced it was interested in acquiring Wealthfront but rescinded an offer tipped to be worth US$1.4 billion. ...

Fund managers nervously await 'golden visa' reforms

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... be surprised if it doesn't include some level of investment component." An article in The Australian published in January claimed that the SIVs were "quietly axed" by O'Neill. This is not the case. Last year, the government announced it will ...

MSC Certane wins Suncorp mandate

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... funding purposes. The MSC Group acquired Certane CT (formerly part of the Australian Executor Trustees business) on 12 January 2024. The group now manages $30 billion under appointment on behalf of more than 250 individual corporate clients and 530 individual ...

Macquarie Bank to pay $10m for unauthorised fee transactions

ELIZA BAVIN  |  MONDAY, 22 APR 2024
... service licensees that they must have appropriate controls in place. "While Macquarie implemented effective controls from January 2020, its earlier failures meant that financial adviser Ross Hopkins was able to fraudulently withdraw around $2.9 million ...
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