Court fines advice firm $7.8mBY KARREN VERGARA | FRIDAY, 9 FEB 2018 12:36PMThe Federal Court has banned financial advice firm Wealth and Risk Management (WRM) and its related companies from operating in financial services for 18 years, and ordered the group to pay $7.8 million for engaging in unconscionable conduct. Related News |
Editor's Choice
VanEck switches to AI-powered index
The ETF issuer is making a switch to one of its ETFs, telling Financial Standard the ETF will be Australia's first to use artificial intelligence (AI) to select international stocks, while confirming several new products will be available in the near future.
HESTA, Cbus, Mercer report super returns
HESTA, Cbus and Mercer have delivered strong returns for members over the financial year 2025-26 despite global uncertainty, attributing it to their diversification strategy.
Team Super welcomes new chief of staff
Team Super has appointed a senior executive to oversee its operations and staff, working alongside chief executive Vasyl Nair.
Global concentration risks to reorient investors: JBWere
A rising concentration risk across global and local equities is reorienting investors to income stocks and fixed income exposure, JBWere said.
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
