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Showing 121 - 130 of 130 results for "Advice licensee"

Advice licensee uses tech to bypass paraplanning

DARREN SNYDER  |  THURSDAY, 6 AUG 2015
State Super Financial Services (SSFS) has partnered with a technology provider to add efficiency to the advice process and bypass paraplanning completely. SSFS managing director, Michael Monaghan, said the company is pursuing a growth strategy that ...

Aligned execs join Fortnum in advice arm restructure

LAURA MILLAN  |  MONDAY, 27 JUL 2015
... training so they're resourced and empowered to deliver of great advice," he said. Fortnum became an independent advice licensee after buying the 20% stake that ANZ owned in the group in August 2014. The latest edition of Financial Standard is out now. ...

ASIC developing regulatory guide for advice remediation

ALEX BURKE  |  WEDNESDAY, 6 MAY 2015
... in place to protect their clients," said ASIC deputy chair Peter Kell. "We want to ensure that if a financial advice licensee needs to provide remediation, they do so in a way that is fair, honest and efficient. Consumers will have greater trust if they ...

ASIC investigating false fees in large advice firms

ALEX BURKE  |  THURSDAY, 16 APR 2015
As part of its ongoing Wealth Management Project, ASIC is investigating instances of advice fees being charged without advice in large financial planning firms. Established in October 2014, the Wealth Management Project was designed to specifically ...

CBA rolls out IRESS systems to all advice groups

LAURA MILLAN  |  WEDNESDAY, 11 MAR 2015
Commonwealth Bank (CBA) has extended the use of its IRESS technology solutions to all of its financial planning groups. IRESS was already deployed within CBA-owned Count Financial and the Commonwealth Bank's Business and Private Bank. The new agreement ...

Managed accounts boost advice business valuations

ALEX DUNNIN  |  WEDNESDAY, 21 JAN 2015
New research from Rainmaker reveals that managed accounts are not only enabling advisers to improve their clients' investment outcomes as well as boost their own business' worth, they are enabling new investment managers to enter the market. The research ...

ASIC cracks down on advisers over PI insurance

LAURA MILLAN  |  THURSDAY, 7 AUG 2014
The Australian Securities and Investments Commission (ASIC) has cancelled seven Australian financial services (AFS) licenses that did not comply with professional indemnity (PI) insurance obligations. The review targeted licensees which had not requested ...

Advice insto ownership steps up post GFC

ALEX DUNNIN  |  MONDAY, 11 NOV 2013
... groups as not all financial advisers wish to be aligned with banks and insurers. This has resulted in the number of advice licensee groups increasing from about 650 in 2008 to 800 in 2013. An expected 10,000 accountant-advisers that industry observers ...

Synchron appoints state manager

LINDA HAUSKEN  |  THURSDAY, 16 AUG 2012
Boutique financial advice licensee, Synchron has named Bernie Fernandes as a new state manager for Western Australia. Prior to his new role, Fernandes was a state manager for Accountancy Insurance and Mortgage Choice in WA, where he successfully restructured ...

Ripoll recommends investor compensation fund

MICHAEL HOBBS  |  TUESDAY, 24 NOV 2009
... said the government should investigate launching a "last resort statutory compensation fund" to cover financial advice licensee failings. The committee received a number of submissions from the regulator and Financial Ombudsman Service (FOS), which highlighted ...