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Showing 151 - 160 of 936 results for "AFSL"

Clime chief executive resigns

KARREN VERGARA  |  MONDAY, 15 JUL 2024
... announced last year it will partner with Godfrey Pembroke's Practice Development Group (PDG) to consolidate operational and AFSL services to create a new entity providing back-office services to their financial advice networks - but it fell through. ...

Bitcoin ETF price war: VanEck, Monochrome cut costs

ANDREW MCKEAN  |  FRIDAY, 12 JUL 2024
... investors and said it "proudly stands" as the first and only Bitcoin ETF in Australia licenced under a retail crypto asset AFSL authorisation. "These crypto-centric investor protection rules were put in place to safeguarding investors from the nuances ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... number of relevant providers on the Financial Advisers Register (FAR) at the end of FY24 that amounted to 2766 AFS licensees (AFSL) with 15,371 advisers. Licensees will only pay the levy in proportion to the number of days in the financial year they ...

Stake to operate under its own AFSL

ANDREW MCKEAN  |  MONDAY, 8 JUL 2024
... financial services as an authorised representative of Sanlam Private Wealth and global payments giant Airwallex; both hold an AFSL. But soon, Stake will operate under its own AFSL, offering services as an authorised representative of Stakeshop AFSL - ...

iExtend receives AFSL after lengthy wait

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
iExtend has been granted an AFSL, after entering a court enforceable undertaking last year over concerns of unlicensed conduct. In November 2023, the life insurance startup entered a court enforceable undertaking after ASIC pinged it for possibly operating ...

ASIC calls out sloppy adviser data

KARREN VERGARA  |  MONDAY, 1 JUL 2024
ASIC is reprimanding AFS licensees (AFSL) for submitting inaccurate information about their financial advisers and will ramp up its enforcement from August. AFSLs are making numerous errors when it comes to providing data on the Financial Advisers Register ...

ASIC takes action against Guildfords FM, director

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
... "significant and systemic failures of oversight and compliance" upon investigating Guildfords, which had an AFS Licence (AFSL) to provide advisory and dealing services with respect to managed investment schemes and securities, as well as custodial and ...

AFSLs undertake more reviews, lack risk documentation

KARREN VERGARA  |  TUESDAY, 18 JUN 2024
Most AFS Licensees (AFSLs) are undertaking more reviews of their systems and processes but still lack documentation when it comes to managing risk, according to a new compliance survey. Holley Nethercote's 2024 Compliance Trends Survey reveals AFSLs ...

Fiducian welcomes two practices

KARREN VERGARA  |  FRIDAY, 14 JUN 2024
... working together to provide exceptional service and support to our clients." Fiducian has 92 advisers operating under its AFSL, according to a recent Rainmaker analysis of the ASIC Financial Advisers Register. At the end of January, Fiducian had more ...

ASIC cancels AFSL of XTrade

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services licence (AFSL) of retail over-the-counter (OTC) derivatives issuer XTrade. XTrade offered clients opportunities to trade in contracts for difference ...