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Showing 1181 - 1190 of 1277 results for "AFS"

Henry Financial Group joins Genesys

HAMISH MADDEN  |  WEDNESDAY, 25 OCT 2006
... growing trend for emerging financial planning businesses to relinquish their own licenses to join reputable, full service AFS licensees. "Once licensees reach a certain size they realise the best way to embed value in their businesses is to relinquish ...

Clearing houses need to be licensed: ASIC

ALEX DUNNIN  |  WEDNESDAY, 4 OCT 2006
The Australian Securities and Investments Commission (ASIC) has announced that it considers clearing houses to be financial products and operators will therefore need to be licensed. In announcing its position, ASIC has drawn a distinction between clearing ...

AFM gets expanded AFSL

ALEX DUNNIN  |  TUESDAY, 12 SEP 2006
Distribution, sales, marketing and compliance adviser Australian Funds Marketing (AFM) has been granted an expanded Australian Financial Services License to operate registered managed investment schemes. "This makes AFM a one-stop shop for responsible ...

Financial mentor to be wound up

HAMISH MADDEN  |  THURSDAY, 31 AUG 2006
A Brisbane financial mentoring operation will be wound up after The Australian Securities and Investments Commission (ASIC) obtained court orders to proceed with liquidation. The Supreme Court of Queensland also ruled that director Andrew Carr had carried ...

Scam targets ethnic community

HAMISH MADDEN  |  FRIDAY, 25 AUG 2006
... take several precautionary steps before investing in a scheme. First, search ASIC's website to see if the operator holds an AFS license and whether the scheme itself is registered. Check the list of illegal investments at www.fido.gov.au to ensure the ...

AIST makes legal appointment

The Australian Institute of Superannuation Trustees (AIST) has appointed a new legal and compliance manager to help boost membership services and benefits and offer internal compliance training and audits. Peta-Gai McLaughlin, a barrister and solicitor ...

SMAs step up to platforms

Australian Financial Services (AFS) Group is the latest to join a growing number of dealer groups who are pioneering the use of separately managed accounts (SMAs), touted the biggest thing since platforms. AFS joins Tolhurst Noall and Lonsdale Financial ...

AMP caught on conflicts

KATE HAGE  |  THURSDAY, 27 JUL 2006
... on a broader range of products than is used by AMPFP planners and was likely to mislead consumers. AMP Financial Services (AFS) managing director, Craig Dunn, only went as far as to admit that there were some inadequacies in some of the documenting planners ...

Reverse mortgages not for inexperienced advisers

HAMISH MADDEN  |  FRIDAY, 21 JUL 2006
Reverse mortgages should not be handled by anyone but the most qualified and skilled financial planner, and planners as a whole need to attain higher benchmark standards in order to manage the entire financial affairs of their clients. That is the message ...

Platinum re-brands to Sentry

KATE HAGE  |  MONDAY, 17 JUL 2006
Adviser group Platinum has been renamed Sentry Group on the back of a business and corporate restructure. Sentry Group managing director, Murray Hills, said the re-branding will help differentiate the group from other Platinum's in the market. The name ...