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Showing 141 - 150 of 574 results for %22Australian Financial Services Licence%22

AFCA delivers $83 million win

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
The Australian Financial Complaints Authority has collected over $83 million for consumers and small businesses in just six months. In its first six months of operations, AFCA received over 35,000 complaints and 60% of those have already been resolved. ...

Managed investment scheme operator AFSL canned

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
The Australian financial services licence of a Sydney-based managed investment scheme operator was cancelled by ASIC. The corporate regulator cancelled the licence of Australian Mutual, which operated a number of investment schemes. The cancellation ...

Small caps boutique shuts doors

KANIKA SOOD  |  WEDNESDAY, 10 JUL 2019
... to investors, a Mhor spokesperson said. Mhor Asset Management also filed to ASIC for its Australian Financial Services Licence to be cancelled. It charged a 1.5% p.a. management fee plus 15.38% performance fee on the amount by which it exceeded the returns ...

ASIC boosts AFSL application requirements

HARRISON WORLEY  |  MONDAY, 8 JUL 2019
ASIC has altered the procedure it uses to assess Australian Financial Services Licence applicants, with many now required to provide more historic information to the corporate regulator. ASIC released information sheet 240 to help guide for AFSLs affected ...

Sydney advice firm loses AFSL

KANIKA SOOD  |  FRIDAY, 5 JUL 2019
... Australasia Wealth Services and Management in suspension saying the firm had failed to obtain membership of the Australian Financial Complaints Authority (AFCA) and had breached its financial reporting and audit obligations. The suspension took effect ...

ASIC to offer AFSL relief to overseas firms

HARRISON WORLEY  |  THURSDAY, 4 JUL 2019
... for foreign providers of funds management services to professional investors to hold an Australian Financial Services Licence. The corporate regulator released consultation paper 315, which outlines its proposal to provide funds management relief by ...

Advice firm expands to Dubai

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUL 2019
A financial advice firm catering to Australian expats is set to establish a new office in Dubai. Atlas Wealth Management will open a new office in Dubai, located in the Dubai International Finance Centre. The goal of the expansion is for Atlas to provide ...

Advisers wary of ethical funds, launch own rating system

ELIZABETH MCARTHUR  |  WEDNESDAY, 5 JUN 2019
... green leaves based on their levels of ethics - however, no fund has achieved a perfect five leaf rating. Future Super, Australian Ethical's Emerging Companies Fund, BetaShares Australian Sustainability Leaders ETF and BetaShares Global Sustainability ...

Former Gold Coast adviser banned

HARRISON WORLEY  |  MONDAY, 3 JUN 2019
... issues with home referrals for SMSFs are not new. Last year the firm was forced to forego its Australian financial services licence after ASIC said it was concerned about the its ability to "do all things necessary to ensure the advice provided by its ...

Advice dealer group shutters

HARRISON WORLEY  |  FRIDAY, 31 MAY 2019
... close earlier than originally intended as it can no longer meet a "key person" requirement of its Australian Financial Services License, following the departure of a number of personnel within its financial services business. "Spectrum is unable to continue ...