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Showing 1241 - 1250 of 5658 results for "Financial Adviser"

Six cases brought against Westpac now finalised

JAMIE WILLIAMSON  |  FRIDAY, 22 APR 2022
The six Federal Court cases brought against Westpac by ASIC late last year have been finalised, with the banking giant to pay a total of $113 million in penalties. A decision in the final of the six matters, all overseen by Justice Beach, was handed ...

BT Panorama sees SMSF growth

CHLOE WALKER  |  WEDNESDAY, 20 APR 2022
BT has seen the SMSF funds under administration on its Panorama platform soar. According to its latest update, SMSF FUA on the platform sits at $26 billion as of March end. It's more than doubled year on year, having sat at $11.93 billion in March 2021. ...

Vanguard overhauls distribution leadership

JAMIE WILLIAMSON  |  TUESDAY, 19 APR 2022
... Vanguard is leaving the business, while the current head of intermediary is moving to a new role and a head of financial adviser services has been appointed. Matthew Lumsden, who has been with Vanguard for the last 12 years, will depart in June. Currently ...

3000 advisers left industry last year

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 APR 2022
... advisers left the industry in the last 12 months, according to Rainmaker's most recent analysis of the ASIC Financial Adviser Register. The number of ASIC-registered financial advisers decreased 15% through the 12 months to end March 2022 to reach 17,602. ...

Former ANZ Australia head in new role

CHLOE WALKER  |  TUESDAY, 12 APR 2022
Fred Ohlsson has joined wealth management firm Amplifi Group as managing director. Ohlsson announced in December 2018 that he was taking a career break, stepping down from the role of group executive for Australia at ANZ. He left ANZ in 2019 and in ...

BetaShares opens Perth office, hires

ELIZABETH MCARTHUR  |  MONDAY, 11 APR 2022
ETF manager BetaShares has expanded to Perth and hired to lead sales and client services in Western Australia. Brendan Prowse will lead BetaShares' sales and client servicing efforts in WA. Prowse joins BetaShares with 35 years' experience across funds ...

BT Funds Management fined $20m

JAMIE WILLIAMSON  |  FRIDAY, 8 APR 2022
... changed commissions via their premiums that went to financial advisers, event where they had elected to have the financial adviser component removed from their account. This case was one of the six filed by ASIC at once in November 2021 and the first ...

COVID-19 financial advice relief to be repealed

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
ASIC will allow the COVID-19 advice-related relief instrument to automatically repeal on 15 April 2022. The COVID-19 instrument commenced on 15 April 2021. This was an extension of a raft of relief measures that were initially introduced in April 2020. ...

ASIC takes Federal Court action against Macquarie Bank

ANDREW MCKEAN  |  TUESDAY, 5 APR 2022
... by Macquarie could've impacted customers by $2.9 million in unauthorised withdrawals by now convicted former financial adviser Ross Andrew Hopkins. Last year Hopkins was sentenced to a six-year imprisonment term for the misappropriation of his clients' ...

Border rule-breaking former adviser banned

JAMIE WILLIAMSON  |  TUESDAY, 5 APR 2022
Mark Babbage, the financial adviser who was jailed last year for breaching Western Australia's tough border restrictions to attend the AFL Grand Final, has been banned from providing advice for 10 years. Babbage was arrested by Western Australia police ...