Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1331 - 1340 of 5660 results for "Financial adviser"

ASIC unveils details of FSCP operations

CHLOE WALKER  |  THURSDAY, 23 DEC 2021
... specified training, counselling or supervision and report certain matters to ASIC. It may also suspend or cancel a financial adviser's registration, issue infringement notices in certain circumstances, recommend that ASIC commence civil penalty proceedings ...

ASIC bans adviser for two years

CHLOE WALKER  |  WEDNESDAY, 22 DEC 2021
ASIC has banned Sydney-based financial adviser Christopher Betalli from providing financial services for two years. Betalli has been banned from providing financial services for two years. Following a review by the corporate regulator, Betalli, who ...

Morningstar to buy Praemium for $65m

CHLOE WALKER  |  WEDNESDAY, 22 DEC 2021
Praemium has agreed to sell its international business to Morningstar for £35 million (A$65.1 million). The international business includes Praemium's operations in the United Kingdom, Jersey, Hong Kong, and Dubai. The sale of its business will allow ...

Shoddy exam feedback fuels adviser stress

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
Financial advisers who failed the mandatory examination multiple times are slamming FASEA's feedback process, claiming it is inconsistent and fails to help them stay in the industry. As the failure rate continues to balloon, advisers making genuine ...

FASEA defers Standard 3 amendment to ASIC

KARREN VERGARA  |  TUESDAY, 21 DEC 2021
The Financial Adviser Standards and Ethics Authority is deferring the amendments to Standard 3 to ASIC because the industry could not agree on a better alternative. FASEA floated the idea of amending Standard 3 in November, which currently states: "You ...

February 2022 adviser exam dates released

KARREN VERGARA  |  MONDAY, 20 DEC 2021
... help of the Australian Council for Educational Research, which also facilitated the exam administration for the Financial Adviser Standards and Ethics Authority, which shuts down on December 31. "We are working with ACER to finalise Sitting 17, Sitting ...

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
The Financial Services Council released two new standards, one of which helps members abide by the newly mandated advice fee consent requirements. FSC members will need to comply with FSC Guidance Note No. 43 from 1 January 2022, which was constructed ...

Disqualified adviser convicted of managing company

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
A former ANZ and Commonwealth Bank financial adviser who defrauded clients $6 million has been convicted of managing a corporation while disqualified. Melinda Scott, who was banned from managing corporations for 25 years until 2 December 2037, set up ...

Adviser population drops below 19,000

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... than 2200 advisers this year, marking an 11% year-on-year drop to 18,822. Rainmaker modelling of ASIC's Financial Adviser Register reveals that only 18,822 advisers are left as of yesterday, December 16. At the beginning of 2021, there were 21,103 ...

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... should be enough to meet the education requirements for existing financial advisers. This is a backflip on the Financial Adviser Standards and Ethics Authority (FASEA) education requirements which required all advisers - regardless of experience - to ...