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Showing 1571 - 1580 of 3938 results for "USI"

High profile adviser under fire

JAMIE WILLIAMSON  |  THURSDAY, 26 APR 2018
The Royal Commission heard how Fair Work commissioner Donna McKenna received inappropriate financial advice from Sam Henderson, chief executive and senior financial adviser at Henderson Maxwell. McKenna sought financial advice from Henderson in late- ...

ANZ blames systems for inadequate controls: RC

KARREN VERGARA  |  MONDAY, 23 APR 2018
ANZ has blamed its systems and processes for failing to adequately monitor in-house financial advisers as well as its authorised representatives within three of its aligned dealer groups. Week two of the Royal Commission tasked with scrutinising advice ...

Chief economist update: Malcolm puts agricuture in the middle

BENJAMIN ONG  |  MONDAY, 23 APR 2018
"You are all right when you say when you say politically it would have been better for us if we had done it years ago." These are the words from Australian Prime Minister Malcolm Turnbull doing a "mea culpa" for waiting two years before establishing ...

Government targeted for delaying Royal Commission

ALEX BURKE  |  FRIDAY, 20 APR 2018
The Turnbull Government's initial resistance to the Royal Commission was targeted by social media this week. Perhaps unsurprisingly, much of the criticism was leveled by Labor and Greens politicians - although the former Deputy Prime Minister also expressed ...

Royal Commission to boost ETFs: VanEck

KANIKA SOOD  |  FRIDAY, 20 APR 2018
A $1.4 billion ETF manager believes growth in the sector will soar as the Royal Commission hears evidence on the conflicts of interest within vertically-integrated institutions. An increasing number of financial advisers have been using ETFs to diversify ...

ASIC totally unprepared for advice reforms: Tynan

ALEX BURKE  |  THURSDAY, 19 APR 2018
Connect Financial Service Brokers chief executive Paul Tynan believes if the Royal Commission has made anything clear, it's that ASIC is in the dark about how to police financial advice misconduct. Speaking to Financial Standard, Tynan said the key ...

Cardena Private Wealth adds life insurance

KANIKA SOOD  |  WEDNESDAY, 18 APR 2018
The boutique wealth manager and advisory firm has signed onto MBS Insurance's life insurance offering, after 12 months of using its personal insurance consultancy for clients. Risk consultancy MBS will now advise Cardena's client base of high-net-worth ...

Insto licensees still bleeding talent

ALEX BURKE  |  WEDNESDAY, 18 APR 2018
The number of advisers using non-institutional licensees increased by 11.9% in the 12 months to December 2017, while institutionally-owned licensees saw adviser numbers fall by 4.4%. A new Rainmaker report explains that the number of registered advisers ...

ASIC hits former NAB adviser with permanent ban

ALEX BURKE  |  WEDNESDAY, 18 APR 2018
ASIC permanently banned an adviser who worked for a NAB-aligned licensee for about a decade. Grant Taylor was the principal of TFG Advice Solutions, an authorised representative of NAB-owned GWM Adviser Services, from 2003 to 2013. During that time ...

Robo-advice on the rise but no replacement

JAMIE WILLIAMSON, KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
Robo-advice presents opportunities for increasing consumer accessibility to financial advice, but Investment Trends data and adviser insight suggests it will never be a panacea. Latest Investment Trends research shows adoption of robo-advice in Australia ...