Search ResultsShowing 1 - 10 of 100+ results for "Magnitude"
Financial advice drags BTFG results
KARREN VERGARA  |  MONDAY, 6 MAY 2019
... salaried financial planners. About 28% is estimated to be refunded. Authorised representatives from Securitor and Magnitude on the other hand received $966 million, but 31% will likely be refunded. A total of $200 million in compensation has been ...
Westpac reveals Magnitude, Securitor adviser remediation
HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
Westpac is set to repay more than 30% of the ongoing advice service fees charged by authorised representatives of Magnitude and Securitor. Westpac announced it would take a $357 million hit to cash earnings in its first half result based on ...
Chief economist update: A question of when?
BENJAMIN ONG  |  THURSDAY, 28 MAR 2019
... (nonvoter) told the WSJ the recent yield-curve inversion could be a signal to lower rates, but depends on its magnitude and duration (perhaps months) and "we're not there yet" certainly echoes what I penned only three days before Woe to ...
Westpac exits personal advice, restructures leadership
JAMIE WILLIAMSON  |  TUESDAY, 19 MAR 2019
... representatives attached to its AFSL. The sale is expected to be complete by June 30, and some Securitor and Magnitude authorised representatives may also move to a newly-established Viridian-owned AFSL. They have until September 30 to do so ...
Banks, ASIC still at war over fees-for-no-service
HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
... offer was chided by the regulator for also failing to meet the RG256 guidance. Westpac licensees Securitor and Magnitude and NAB's JBWere also copped heat, with both institutions' report cards littered with instances where the three licensees ...
Chief economist update: Prepare for lift-off
BENJAMIN ONG  |  MONDAY, 11 MAR 2019
... Thanks to its semi-peg (dirty float?) versus the US dollar, China's currency didn't suffer the similar magnitude of depreciation as its emerging market peers. But no thanks. Being a crosshair of Trump's trade rifle, China's ...
FPA disciplines two members
HARRISON WORLEY  |  MONDAY, 4 MAR 2019
... Matthew Brown, chair of the FPA's Gold Coast chapter committee, from MiQ Private Wealth - whose licensee is the Magnitude Group - has been stripped of his association membership and CFP designation for two years and stood down as chapter chair. ...
Ten stories that defined the Royal Commission
HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... the way. The CBA boss, who was appointed to lead the bank in January this year, said he didn't underestimate the magnitude of turning the bank's culture around. Freedom sold life insurance to intellectually disabled man September saw Freedom ...
Comyn promises personal accountability
KARREN VERGARA  |  TUESDAY, 20 NOV 2018
... Comyn said a number of actions are in place to remediate past misconduct and added he doesn't underestimate the magnitude of turning the bank's culture around. "As hard as we will try, I'm sure there will be missteps. But I hope [there ...
Westpac cops BBSW fine
HARRISON WORLEY  |  MONDAY, 12 NOV 2018
... applied a higher penalty. "If I had been permitted to do so I would have imposed a penalty of at least one order of magnitude above $3.3 million in order to discharge [the objectives of specific and general deterrence]. But I am not free do so," ...
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