Adviser cops 10-year sentenceBY KARREN VERGARA | FRIDAY, 6 OCT 2023 12:32PMA former financial adviser who took more than $10 million from clients to fund his lavish lifestyle will spend the next 10 years in jail. Related News |
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Netwealth reports record $36bn FUM in Q1
|Netwealth observed record growth over the first quarter of the financial year, with both funds under administration and funds under management increasing by $3.4 billion and $2.4 billion, respectively.
First Sentier lists active ETF
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Janus Henderson launches global equities active ETF
|Janus Henderson Investors has launched a global equities strategy designed to combine a broad market exposure with research-driven stock selection.
SILC partners with Totality to give clients brokage access
|Wholesale trustee The SILC Group (SILC) has partnered with brokerage firm Totality to provide its equity fund manager clients with access to institutional-grade prime brokerage services.
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Featured Profile
David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
What this outcome proves is that the draconian compliance regime, particularly post RC, is a farce. What oversight was provided by ASIC, AFCA and the relevant AFS Licensees? Passing legislation to require "honest" advisers to complete reems of paperwork does not stop "crooks", because "crooks" simply ignore the compliance.