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Showing 121 - 130 of 393 results for "Personal advice"

OTC derivatives provider loses licence, executives banned

CASSANDRA BALDINI  |  THURSDAY, 14 JUL 2022
... representatives persuaded Sirius Financial clients to trade using pressure selling tactics and provided clients with personal advice when it was not licensed to do so. Sirius Financial was also found to have engaged in unconscionable conduct and conduct ...

Don't forget: Adviser exam deadline looms

CHLOE WALKER  |  MONDAY, 11 JUL 2022
... Tuesday, July 12. If those advisers do not pass the July sitting, October 1 they will no longer be able to provide personal advice and their licensee will be forced to revoke their authorisation. "Financial advisers who lose their status as an existing ...

ASIC releases guidance on super, retirement calculators

ANDREW MCKEAN  |  TUESDAY, 5 JUL 2022
... financial advice, but ASIC chooses to give class order relief from Australian Financial Services (AFS) licensing and personal advice requirements for tool providers. Under ASIC's relief, a financial calculator, including a super calculator, may be provided ...

ASIC freezes assets of unlicensed property mogul

CASSANDRA BALDINI  |  WEDNESDAY, 8 JUN 2022
... months. ASIC further alleges Hopkins has been running a financial services business without a licence by providing personal advice to investors, which included advising investors to roll over their superannuation into self-managed superannuation funds ...

ASIC releases estimate cost recovery levies for 2021/22

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
... implementation statement, ASIC proposed a minimum levy of $1500 plus $1142 per adviser for licensees that provide personal advice to retail clients on relevant financial products. The $1500 flat per licensee charge remains unchanged after the Morrison ...

Lifespan partners with OpenInvest to launch advice solution

ANDREW MCKEAN  |  FRIDAY, 3 JUN 2022
... a digital solution to address the needs of Australians who would like professional assistance at a level below personal advice. "In an ideal world, every Australian would be able to afford a personal financial adviser, however, the reality is that delivering ...

Breach reporting regime a distraction: Report

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
A survey of compliance professionals has found 67% believe ASIC's breach reporting rules distract from other issues and the greatest proportion of reports filed relate to financial advice failures. A report from CoreData, Lawcadia and Gadens looks ...

ASIC extends relief for retirement estimates

CHLOE WALKER  |  THURSDAY, 31 MAR 2022
... retirement estimates' gave conditional relief from the licensing, conduct and disclosure obligations relating to personal advice in the Corporations Act 2001 that might otherwise apply to a superannuation trustee providing retirement estimates to its ...

New scaled advice offering launches

JAMIE WILLIAMSON  |  TUESDAY, 29 MAR 2022
... a client progresses in life and their needs change, the system is designed to push them to seek comprehensive, personal advice from their referring adviser, the group said.

Managed accounts FUM at $131bn

CHLOE WALKER  |  TUESDAY, 15 MAR 2022
... MDA and SMA, is a good thing not just for the value added in dollar terms, but because it is achieved through personal advice provided to clients," Potter said. "The value which the systematic approach of managed accounts embodies is even more critical ...