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Code monitoring move disappoints industryBY ELIZABETH MCARTHUR | MONDAY, 14 OCT 2019 12:05PM
Treasurer Josh Frydenberg and Assistant Minister Jane Hume announced the government will accelerate its implementation of the Royal Commission's recommendation to establish a single disciplinary body for financial advisers.
Read more: AFA, Code Monitoring Australia, Assistant Minister Jane Hume, FASEA, FPA, Treasurer Josh Frydenberg, Association of Financial Advisers, Boutique Financial Planners, Brad Fox, Code of Ethics, Financial Planning Association of Australia, Financial Services Institute of Australasia, Judith Fox, Self-Managed Super Fund Association
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A former financial adviser and licensee director has been sentenced to six years' imprisonment for misappropriating close to $2 million for his own use.
Pinnacle Investment Management's 16 affiliates tallied up only $3 billion in net inflows in FY20 as institutional allocators deferred mandate decisions in COVID-19 but the firm managed to grow NPAT by 5.6% to $32.2 million.
ASX-listed trading platform SelfWealth has renewed its clearing, settlement and execution (CS&E) mandate with retail broker OpenMarkets, in a move that it says demonstrates the two fintech's shared objective of disrupting the status quo.
The self-managed super fund administration and software provider has appointed two new technology leads, set to help Class continue to grow and innovate.
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