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Showing 91 - 100 of 134 results for "Financial product advice"

Advisers to foot $24m bill

KERRIE SYDEE  |  TUESDAY, 8 NOV 2016
... licensees relative to their larger counterparts. The paper notes that providers of digital or automated financial product advice or 'robo-advisers' will not be subject to a separate levy. The funding model is expected to be introduced in the second half ...

BTFG to combine key research divisions

ALEX BURKE  |  WEDNESDAY, 2 NOV 2016
... information on managed funds, structured investments and other products for the use of advisers who provide financial product advice through BT Advice aligned financial planning channels. This includes Securitor Financial Group, BT Select (operating ...

AMP Capital responds to ChinaAMC unitholder offer

ALEX BURKE  |  WEDNESDAY, 28 SEP 2016
... ChinaAMC, but "that request has been refused." The statement implored unitholders to seek "independent financial product advice before taking any action in relation to the offer." "In particular, unitholders should ensure that they understand the impact ...

ASIC cancels AFSL of global firm

KERRIE SYDEE  |  THURSDAY, 18 AUG 2016
... could obtain insurance cover for the services it was authorised to provide, which included providing financial product advice and dealing in financial products. Marigold Falconer had its AFSL suspended in May 2016 following the end of its professional ...

Unlicensed product adviser receives four year ban

KERRIE SYDEE  |  THURSDAY, 28 JUL 2016
... through a self-managed super fund. The court also permanently banned Park Trent from providing unlicensed financial product advice to clients regarding SMSFs. As a key decision maker of Park Trent, ASIC found Cross was knowingly involved in Park Trent's ...

AFSL cancelled for Sydney firm

KERRIE SYDEE  |  MONDAY, 4 JUL 2016
... and will take further action where licensees do not comply," Kell said. Etern Wisdom provided general financial product advice in relation to derivatives and foreign exchange contracts to Australian retail clients. The firm has the right to appeal to ...

ASIC warns SMSF accountants to have backup plan

KERRIE SYDEE  |  WEDNESDAY, 8 JUN 2016
... been granted, or they become an authorised representative of a licensee, they are not able to provide financial product advice on self-managed superannuation funds (SMSFs). ASIC senior executive leader, assessment and intelligence, Warren Day noted that ...

ASIC accepts EU of former adviser

KERRIE SYDEE  |  WEDNESDAY, 18 MAY 2016
... following the ban, he must notify ASIC and undergo additional prescribed training in the provision of financial product advice. Melamed has acknowledged that ASIC's concerns about his advice were "reasonably held".

Treasury seeks consultation on adviser register

LAURA MILLAN  |  THURSDAY, 27 NOV 2014
... to redefine the concept of 'authorised representative' so it includes every employee able to provide financial product advice, as opposed to the advisers listed under the Australian financial services (AFS) licence. Treasury is planning to finalise the ...

Tight regulation getting in the way of digital advice: Minter Ellison

LAURA MILLAN  |  MONDAY, 22 SEP 2014
... conditions mean that very few providers can rely on it even for simple calculators that do not contain financial product advice or only general advice," the law firm said in a submission to the Financial System Inquiry. Minter Ellison argued that there ...