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Showing 1361 - 1370 of 9814 results for "Advisers"

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
The estimated ASIC levy for this financial year will see financial advisers slugged $3217, as the levy freeze comes to an end. Under the estimated levies released yesterday, the levy to be paid per adviser has almost tripled from the $1142 that it was ...

Dealer group adopts profit-for-purpose model

CHLOE WALKER  |  THURSDAY, 29 JUN 2023
... decision making about financial products and services. The program will offer several mechanisms that allow its financial advisers to participate in initiatives that "positively impact their local communities and drive meaningful change." Spark Financial ...

Advice firms merge to create Count Adelaide

CASSANDRA BALDINI  |  WEDNESDAY, 28 JUN 2023
... endorsed by 99.94% of its shareholders. Following the name change, it also completed the acquisition of Affinia Financial Advisers, growing its adviser network substantially. At the time, Humphrey said the acquisition was strategic as the firm looked ...

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... minister for financial services Stephen Jones yesterday announced that he will not extend the temporary levy relief for advisers that was in place in 2020-21 and 2021-22. The levy is currently set at the 2018-19 level of $1142 per adviser. Jones also ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... don't have to rely on exemptions and therefore can include lifetime annuities and make recommendations using human advisers or digital advice tools - but with the appropriate warnings, he said. "It might be argued that they have an obligation to ...

Investors trust ChatGPT for advice

KARREN VERGARA  |  MONDAY, 26 JUN 2023
... financial advisory process redundant in the near future. Instead, it may be used as a back-office solution by financial advisers, who use GPT-4 to generate portfolio recommendations from the investor profiles they generate and which they implement and ...

Rest appoints WTW as asset consultant

CASSANDRA BALDINI  |  MONDAY, 26 JUN 2023
... will commence on July 1 and follows a competitive tender process that began in October 2022. Rest said JANA Investment Advisers will continue as the asset consultant to its investments team, providing advice and additional perspectives to complement ...

Advisers embrace less back-office burden

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
Financial advisers have welcomed the elimination of many back-office inefficiencies under the federal government's adoption of the Quality of Advice Review recommendations. Some of the QAR recommendations assistant treasurer Stephen Jones flagged ...

Former Capstone adviser in EU with ASIC

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
... records to show clients were receiving the services they'd paid for. Gregory Blackaby, formerly of Acquire Strategic Advisers, did not keep adequate and timely records to show he had provided clients with services they were entitled to under ongoing ...

Large AFSLs lead advice complaints: AFCA

KARREN VERGARA  |  THURSDAY, 22 JUN 2023
Financial advisers from large aligned AFSL groups bear the brunt of complaints, according to the Australian Financial Complaints Authority's data, with several AMP and Insignia Financial practices leading the pack. Modelling of the AFCA data shows ...