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Showing 91 - 100 of 154 results for "Financial Wisdom"

Inquiry sees spike in demand for legal action against CBA

LAURA MILLAN | WEDNESDAY, 2 JUL 2014

... lifetime savings." The inquiry was prompted by cases of bad advice within Commonwealth Financial Planning (CFPL) and Financial Wisdom, both owned by CBA. Ivantsoff said that the victims have shown him letters from Financial Wisdom saying that "they have ...

CBA needs to"lift its game": Treasurer

LAURA MILLAN | MONDAY, 30 JUN 2014

... request to set up a Royal Commission into the cases of adviser misbehaviour within CBA Financial Planning and Financial Wisdom. The government has not yet made its position public regarding the request for a Royal Commission. Last Friday, Prime Minister ...

CBA apologies again, refutes reckless culture accusations

LAURA MILLAN | FRIDAY, 27 JUN 2014

... written statement. "The Group takes very seriously the past events in [Commonwealth Financial Planning] CFP and [Financial Wisdom] FWL. The Group has worked openly and transparently with the Senate Committee and ASIC throughout the inquiry." However ...

Financial Wisdom to face class action for poor advice

LAURA MILLAN | MONDAY, 16 JUN 2014

Commonwealth Bank-owned Financial Wisdom will face a class action started by Shine Lawyers for inappropriate investment advice to more than 3,000 clients. Shine Lawyers confirmed to Financial Standard that the law firm is now collecting evidence to ...

CBA does not address "sketchy" info allegations

LAURA MILLAN | THURSDAY, 29 MAY 2014

... which both organisations had refused to make public. It said that not all CBA Financial Planning and CBA-owned Financial Wisdom customers were offered $5,000 to pay for an independent review of their compensation, that not all received written communications ...

CBA and ASIC "sketchy" info delays inquiry conclusion

LAURA MILLAN | WEDNESDAY, 28 MAY 2014

... described in the submission "was not applied consistently." It said that not all CBA Financial Planning and CBA-owned Financial Wisdom customers were offered $5,000 to pay for an independent review of their compensation, that not all received written ...

CBA forced to review poor compensation methods

LAURA MILLAN | MONDAY, 19 MAY 2014

Commonwealth Financial Planning and Financial Wisdom will have to reopen compensation processes for more than 4,000 clients after its methods were found to be inconsistent and disadvantaged customers. The Australian Securities and Investments Commission ...

AFA names Rising Star finalists

LAURA MILLAN | THURSDAY, 19 SEP 2013

... the Year Award, which recognizes the best new advisers. The six finalists are Kylie George from Harvest Wealth (Financial Wisdom), Ravi Agarwal from MEDIQ Financial Services (Synchron), Mark Wyld from MW Wealth Management (Consultum), James Jagodnik ...

Most planners are aligned, consumers think otherwise

LAURA MILLAN | FRIDAY, 2 AUG 2013

... branded differently to the major fund manager that owns the planning group. As many as 51% of the clients using Financial Wisdom (owned by the Commonwealth Bank) think that it is independent, ahead of the 21% who consider Commonwealth Bank branded planners ...

WB advisers join CBA's Financial Wisdom

LAURA MILLAN | MONDAY, 15 JUL 2013

The 23 authorised representatives of WB Financial Management have joined the Commonwealth Bank-owned Financial Wisdom dealer group. WB Financial board took the decision to go under CBA's umbrella in an attempt to deal with "an increasingly comply regulatory ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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