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Showing 121 - 130 of 273 results for "Statement of Advice"

Former NAB, AMP adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 28 JUN 2018
... afford them. He also recommended clients switch superannuation funds without providing sufficient detail in the Statement of Advice (SoA) for the clients to make informed decisions. Finally, Cowper was found to have recommended clients switch their superannuation ...

FPA predicts self-licensing tsunami

JAMIE WILLIAMSON  |  MONDAY, 25 JUN 2018
... helping them to trade-off between different goals and keeping them accountable for them. It's not the Statement of Advice or the products; it's the mentoring and the relationship. That's what I think is missing from a lot of advice," he said. ...

Dover exit renews self-licensing calls

ALEX BURKE  |  MONDAY, 25 JUN 2018
... he said. "But technology platforms can help with efficiency, such as with managed portfolios to lessen the statement of advice burden, automatic record of advice generation, direct integration with XPLAN and others - it becomes much easier to manage ...

Multi-disciplinary industry trend continues: CBA

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUN 2018
... the new regime found many were uncertain of their new obligations, particularly the requirement to provide a Statement of Advice to SMSF clients. Research released by BT Financial Group around the same time showed 71% of accountants didn't view securing ...

ASIC bans former AMP adviser

HARRISON WORLEY  |  MONDAY, 4 JUN 2018
... from the regulator, with a former Suncorp adviser banned for four years in April for failing to provide a statement of advice to clients prior to recommending they establish an SMSF.

Poor SoAs hindering advice process

JAMIE WILLIAMSON  |  MONDAY, 21 MAY 2018
There is growing concern that a lack of clear and consistent templates for Statement of Advice documents is potentially causing financial advice clients to sign off on advice they don't actually understand. Paraplanning services provider YTML has seen ...

Advice firm impersonated clients

JAMIE WILLIAMSON  |  THURSDAY, 26 APR 2018
... Maxwell staff to McKenna's super funds between November 2016 and January 2017, most during the preparation of a Statement of Advice which was later deemed to be inappropriate. Editor's note: Sam Henderson was featured as one of the 2017 Power 50 influential ...

High profile adviser under fire

JAMIE WILLIAMSON  |  THURSDAY, 26 APR 2018
... her consistently saying that she had no interest in doing so. However, the foundation piece of Henderson's Statement of Advice to McKenna was the establishment of an SMSF, using her State Authorities Superannuation Scheme account as the primary source. ...

Robo-adviser partners with private wealth firm

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... service is deemed appropriate, each user will receive a recommended investment program, documented within a Statement of Advice," Kaura said. Each investment program will contain a diversified portfolio of exchange-traded funds (ETFs). The white label ...

Westpac obscured bad adviser reference check

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... "acting like a stockbroker." Orr asked if Smith was providing personal advice, he should have done so with a statement of advice rather than "dressing it up as execution only instructions?" "Yes. Absolutely," Wright said. After reviewing the file, Wright ...