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Showing 111 - 120 of 1904 results for "licensee"

FSC explores if adviser licensing framework remains 'fit for purpose'

MATTHEW WAI  |  MONDAY, 28 JUL 2025
... licensing framework remains "fit for purpose". "[The paper] does not take a view on the desirability of any particular licensee model. Rather, it asks whether the current framework places regulatory responsibility with the parties best equipped to manage ...

Picture Wealth named fastest-growing planner: report

MICHELLE BALTAZAR  |  THURSDAY, 24 JUL 2025
... advice where in-person advice is not preferred or possible. According to Rainmaker, the second fastest-growing adviser licensee in the year to June is Endeavor Asset Management, which onboarded 27 advisers, followed by Gallagher Benefit Services, which ...

ASIC sues Fortnum Private Wealth

KARREN VERGARA  |  TUESDAY, 22 JUL 2025
... incident related to legacy data held by a FPW authorised advisory practice for record keeping purposes, from a prior licensee for about 9828 clients. It did not include records where FPW had delivered the advice." Brown went on to say that regulatory ...

ASIC fines advice groups over unregistered advisers

JAMIE WILLIAMSON  |  THURSDAY, 17 JUL 2025
Two advice licensees have paid infringement notices after they were found to have authorised advisers and had them provide personal advice while unregistered. Skye Money and Smart Financial Capital have both paid fines of $31,300 to ASIC for authorising ...

Licensee compliance head banned over fees for no service

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
The former head of compliance at a now defunct advice licensee has been banned for three years over the way he dealt with an adviser's fees for no service misconduct. Former Crown Wealth Group director and head of compliance Andrew Moore has been banned ...

ASIC funding levy to charge advisers $46.2m

KARREN VERGARA  |  FRIDAY, 4 JUL 2025
The financial advice sector can expect to contribute $46.2 million to ASIC's industry funding levy for the 2025 financial year, new estimates show. ASIC's Cost Recovery Implementation Statement (CRIS) report shows that advisers who provide personal ...

Fees for no service see former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
... being charged despite no services being provided, and that she failed to report it immediately to Crown Wealth Group, her licensee. Further, she failed to investigate the conduct and implement systems to prevent it from happening again and did not refund ...

RBA powers deemed 'last resort' for critical financial infrastructure fallout

MATTHEW WAI  |  TUESDAY, 1 JUL 2025
... with "crisis resolution powers" in response to a threat posed to the continuity and stability of a domestic CS facility licensee following the passing of the Treasury Laws Amendment (Financial Market Infrastructure and other measures) Bill in September ...

ASIC releases new relief for reportable situations regime

KARREN VERGARA  |  MONDAY, 30 JUN 2025
... certain contraventions of civil penalties. The new relief clarifies that a report is taken to be lodged with ASIC if a licensee submitted a breach report to APRA that contains all the information APRA has requested. ASIC said the new relief reduces some ...

Super spending calls BFID compliance into question

JAMIE WILLIAMSON  |  TUESDAY, 24 JUN 2025
... identifies practices which fall short of legal requirements, APRA will utilise the full range of its powers to hold an RSE licensee accountable."