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Showing 131 - 137 of 137 results for "Advice licensee"

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 ...