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Showing 1541 - 1550 of 4746 results for "Financial advisers"

AMP deed of release bars advisers joining class action

ELIZABETH MCARTHUR  |  MONDAY, 7 SEP 2020
AMP is allegedly handing departing financial advisers a contract with a clause in it that prohibits them from joining the current open class action. The Advisers Association chief executive Neil Macdonald said he became aware of a new clause in AMP's ...

Count Financial faces class action

ANNABELLE DICKSON  |  FRIDAY, 4 SEP 2020
... filed by Piper Alderman in the Federal Court of Australia relate to commissions paid to Count Financial and its financial advisers from 21 August 2014 to 21 August 2020. The class action has come off the back of Count Financial's misconduct revealed ...

LIC seeks conversion to ETF

KANIKA SOOD  |  THURSDAY, 3 SEP 2020
... converting to an unlisted fund.Recent changes to legislation also stopped LICs and LITs from paying commissions to financial advisers. Zenith Investment Partners head of listed strategies and real assets Dugald Higgins says MA1's move may not necessarily ...

IOOF names licensee chiefs, acquires platform

JAMIE WILLIAMSON  |  WEDNESDAY, 2 SEP 2020
... led by Millennium3 chief executive Helen Blackford. The second group will comprise RI Advice and Consultum Financial Advisers and will be led by RI Advice chief executive Peter Ornsby. Ornsby will also lead Financial Services Partners until it is closed ...

AMP does not treat advisers fairly: Poll

ELIZABETH MCARTHUR  |  TUESDAY, 1 SEP 2020
A new poll has revealed widespread disappointment in AMP's treatment of its aligned financial advisers in renegotiating Buyer of Last Resort (BOLR) agreements. Financial Standard polled roughly 250 people in the financial services industry, asking them ...

Advice group flees MLC after IOOF takeover

ANNABELLE DICKSON  |  TUESDAY, 1 SEP 2020
... Financial Standard. It was not just being part of a large group that sparked the shift but also the uncertainty of financial advisers after the Royal Commission and as a small business owner HFM & Partners needs certainty with their clients' portfolios. ...

COVID-19 propels advisers, incumbents into the future

ALLY SELBY  |  MONDAY, 31 AUG 2020
... from around the world to invest in technology. The report had five key findings, the first of which is that financial advisers remain the most efficient distribution channel for incumbent insurance and wealth management companies to achieve scale. However ...

Robinhood effect steers share market

KARREN VERGARA  |  MONDAY, 31 AUG 2020
... markets, and pushing some indices such as the S&P500 Index, to record highs. Lee told the recent Stockbrokers and Financial Advisers Association Virtual Conference of her experience as a Robinhood investor with just $500 back in the day. Not knowing ...

Advice disciplinary body delayed

KARREN VERGARA  |  FRIDAY, 28 AUG 2020
Financial advisers will have to wait until June 2021 for the long-awaited disciplinary body that is purported to professionalise the industry. Assistant Minister for Superannuation, Financial Services and Financial Technology, Senator Jane Hume flagged ...

Advisers more bearish than clients

JAMIE WILLIAMSON  |  FRIDAY, 28 AUG 2020
This year is the first time financial advisers have been less optimistic than retail investors, with advisers only anticipating capital gains of 1.3% over the next 12 months from local shares. That's according to the latest data from Investment Trends ...