Few takers for independent tag: FSIBY RUTH LIEW | THURSDAY, 1 MAY 2008 12:47PMThere are approximately 16,000 financial planners currently practicing in Australia - but only 11 can legally call themselves "independent", according to a specialist compliance and licensing company. |
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ASIC takes action on Australian Fiduciaries
ASIC is investigating Queensland financial services firm Australian Fiduciaries, which has $160 million of investor money, and seeks asset preservation orders and the appointment of receivers.
IFM Investors chief of staff exits
The chief of staff at IFM Investors has departed after nine months in the role.
Royal London Asset Management plants flag in Australia
Royal London Asset Management has appointed a Sydney-based regional sales head to expand the firm's footprint in Australia.
ASIC cancels Financial Services Group Australia's AFSL
ASIC has cancelled the AFSL of Financial Services Group Australia (FSGA), which has links to the Shield Master Fund and First Guardian Master Fund. FSGA's responsible manager (RM) Graham Holmes has also been permanently banned from working in the industry.
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John Burke
GLOBAL CHIEF EXECUTIVE OFFICER
BENNELONG FUNDS MANAGEMENT LTD
BENNELONG FUNDS MANAGEMENT LTD
Bennelong Funds Management is like a mainline into the jugular of Australia's financial advice sector, with more than 6500 advisers channelling capital to its funds. But its global chief executive John Burke says the job's not done yet. Andrew McKean writes.
