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Adviser banned for five yearsBY ELIZA BAVIN | TUESDAY, 26 MAY 2020 11:58AM
A financial adviser who cycled through seven AFSLs in nine years has been banned after ASIC found he provided poor SMSF advice and based insurance advice on the commission he'd receive.
Read more: ASIC, Spectrum Wealth Advisers, Sean Lewis, GWM Adviser Services, AMP Financial Planning, Chubb Insurance Australia, Consolidated Mercantile Group, Meritum Financial Group, NAB, National Australia Bank, Wealth Today
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Pengana Capital's national sales manager for private banking and wealth has left the firm after more than five years, setting his eyes on a new life in sunny Queensland.
In a new paper from Actuaries Institute, Anthony Asher argues financial advice can be made cheaper if the Australian Taxation Office (ATO) provides some of the data necessary for good advice.
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