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| | | Effective February 5, ASIC banned former MWL Financial Services (MWL) adviser Neil McPherson for giving advice to certain clients that was not in their best interests. An investigation found that during his tenure with MWL, McPherson recommended some ... |
| | | | Commonwealth Bank of Australia (CBA) released its half year results today, seeing profits rise to $5.4 billion. As part of is H1 report, the major bank gave an update on its ongoing superannuation and advice-related class actions. CBA said it still ... |
| | | | ... launch a public campaign to educate consumers about the value of licensed financial advice and how to find a financial adviser. It would also like the government to explore ways to improve the affordability and accessibility of aged care advice, recommending ... |
| | | | David Valvo, the former financial adviser, amateur comedian and celebrity impersonator who was convicted on fraud charges last year, has been permanently banned by ASIC. Valvo was convicted last year of engaging in dishonest conduct after he stole $110,000 ... |
| | | | More investors are looking to dump property holdings if the government continues to tamper with the capital gains tax (CGT), including the phasing out of negative gearing, an industry body says. According to Property Investment Professionals of Australia ... |
| | | | ... managed accounts within advice practices. Earlier in his career, Mitchell worked at BT Advice, starting as a financial adviser before becoming a professional capability manager. In that role, he supported adviser development across Western Australia ... |
| | | | A Melbourne-based financial adviser is permanently banned from the industry after signing documents on clients' behalf without their knowledge. Patrick Nong was found to have engaged in conduct in misleading or deceptive conduct in relation to a financial ... |
| | | | Betashares has launched its second momentum ETF, while VanEck added its first cash offering. Betashares expanded its smart beta range this week with the addition of the Betashares Global Momentum ETF (ASX: GTUM), which it said will provide investors ... |
| | | | In a pre-Budget submission, the Financial Advice Association Australia (FAAA) has proposed five key recommendations to increase the number of advisers and cut through regulatory red tape, while supporting consumer protections. The FAAA urged the federal ... |
| | | | ... adviser Michael Pelosi has moved into the role of practice principal, and Daniel Kirk has joined as principal financial adviser. Further, Cullen said there are about six provisional financial advisers conducting their professional year in its central ... |
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