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Showing 141 - 150 of 273 results for "Statement of Advice"

Former BBY adviser cops 10-year ban

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2017
... also traded in client accounts that was inconsistent or contrary to, the investment strategy agreed in the Statement of Advice. ASIC commissioner Cathie Armour said: "Financial advisers are expected to act with honesty and in the interests of their clients. ...

Super changes increasing adviser workload: Financial Standard poll

KARREN VERGARA  |  MONDAY, 16 OCT 2017
... then decays quickly when the client leaves and you then have to manually summarise the fact-find, create the Statement of Advice, review it, send it out and manually construct a portfolio," he said. Symons urged advisers not to waste a crisis. "This ...

Focusing on the bad to make it better

JAMIE WILLIAMSON  |  THURSDAY, 12 OCT 2017
... then decays quickly when the client leaves and you then have to manually summarise the fact-find, create the Statement of Advice, review it, send it out and manually construct a portfolio. "Technology can take all that pain away for you," he said. Further ...

Fee models an art, not a science

DARREN SNYDER  |  THURSDAY, 12 OCT 2017
... pricing examples around how certain components are priced, including: Initial meeting; fact find meeting; statement of advice (SoA); implementation - as disclosed in your SoA; service agreements - as disclosed in your SoA; and the claims management service. ...

ASIC toughens MDA suitability rules

KARREN VERGARA  |  THURSDAY, 14 SEP 2017
... service, Wivell Plater added. ASIC is requiring the MDA operator now to undertake a suitability review of the statement of advice (SOA) as provided by the external adviser to determine if the MDA contract and investment program might not be suitable. ...

Advice business offers enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
... to how the move would improve client outcomes. In some cases a justification was provided in the client's statement of advice but was found to be a generic statement claiming the FIA-branded product would generate long-term returns. ASIC said that in ...

SQM rolls out low-cost adviser platform

ALEX BURKE  |  MONDAY, 31 JUL 2017
... research, equities data, as well as investment fund qualitative ratings, enabling advisers to give a more detailed Statement of Advice," SQM managing director Louis Christopher said. He added the new platform will enable SQM "to achieve its ultimate ...

ASIC audits limited AFSLs

KARREN VERGARA  |  THURSDAY, 20 JUL 2017
... adviser information, ASIC said, adding some licensees were uncertain about providing documents, in particular a statement of advice to SMSF clients. Licensees told ASIC they were actively seeking training and assistance on a number of aspects of the ...

ASIC clarifies IFA definitions, extends SoA deadline

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2017
... against those using such terms. Separately, the deadline for financial advisers to provide retail clients with a Statement of Advice was extended by ASIC for those providing urgent superannuation advice in preparation for next week's reforms. Advisers ...

Centrepoint to deliver efficiency via tech

JAMIE WILLIAMSON  |  TUESDAY, 13 JUN 2017
... engage clients in a number of financial planning processes from simple meetings, to completing applications to statement of advice delivery," McDonnell said. "It allows the adviser to document the advice process with recordable video meetings and recordable ...