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| | | Experienced financial advisers working across major cities are earning as much as $150,000 per year, significantly more than their counterparts in smaller and regional hubs. According to consulting firm Business Health, which canvassed nearly 100 advice ... |
| | | | ... businesses. In our flagship North platform, we have continued to increase the percentage of flows from the independent financial adviser market." She added that she is proud of the significant progress made in 2022. "We have made several new appointments ... |
| | | | Despite reporting bumper profits this morning, Commonwealth Bank continues to put out fires from its misconduct stemming from the Hayne Royal Commission, as it looks to tackle several class actions in 2023. One ongoing lawsuit alleges that Colonial ... |
| | | | Mason Stevens has appointed former Iress chief executive Andrew Walsh as chair of its board. Mason Stevens chief executive Tim Yule said Walsh brings nearly three decades of experience in financial services to the role. "Including 13 years at the helm ... |
| | | | Former Perth financial adviser Rahul Goel and Sydney-based adviser Sean John Sweeney have been permanently banned from having any involvement in financial services. In December last year, Goel was sentenced to three years in jail for fraud offences ... |
| | | | Fiducian saw the number of its financial advisers grow from 66 to 84 representatives in the second half of 2022 and flagged that another five franchises are in the process of joining the fold. Releasing its half-year report on the ASX this morning ... |
| | | | ... will need to satisfy the Good Advice Duty where they provide personal advice to members. If the fund employs a financial adviser to give advice, the adviser will have a duty to act in the best interests of the member and or client. The review chair explained ... |
| | | | ... recommendations, Levy said: "If the regulatory framework continues to require all personal advice to be given by a financial adviser (where it is given by an individual), it would exacerbate the existing accessibility and affordability issues which are ... |
| | | | ... declining," she explained. "If the regulatory framework continues to require all personal advice to be given by a financial adviser (where it is given by an individual), it would exacerbate the existing accessibility and affordability issues which are ... |
| | | | ... use or benefit to the client. It must also be, in all circumstances, good. The Good Advice Duty applies to the financial adviser (relevant provider) if they provide the advice, otherwise it's applicable to the licensee. However, Levy has also recommended ... |
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