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Showing 151 - 160 of 220 results for "Advice fees"

Business benefits of managed accounts mounting

JAMIE WILLIAMSON  |  THURSDAY, 19 OCT 2017
... meetings. This ability to service more clients also has the potential to generate additional business revenue from advice fees of up to $45,000 per annum, it was determined. Interestingly, a comparison of advisers using managed accounts against those ...

Permanent ban for ex-OnePath adviser

KARREN VERGARA  |  MONDAY, 19 JUN 2017
... WAWM Investment Holdings. Between 14 May 2007 and 30 November 2012, ASIC found Hutchison banked clients' cheques for advice fees into his personal bank account when he was obliged to remit or report them to RI Advice. He also failed to record the receipt ...

Big banks pay $60m in advice refunds

ALEX BURKE  |  MONDAY, 22 MAY 2017
... report into the advice businesses of Australia's largest financial institutions, which found many instances of ongoing advice fees being charged where no personal or general financial advice was actually being given. On a per-institution basis, AMP has ...

Asia-Pacific needs more retirement income specialists: Milliman

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... models, as seen in the UK, Australia Canada, and the USA. Unfortunately, for large segments of the population, fixed advice fees or fees levied as a percentage of assets managed both present a barrier to seeking financial advice." Others cited a lack ...

Macquarie boosts AUM, earnings flat

KARREN VERGARA  |  FRIDAY, 5 MAY 2017
... in December. "Increased platform commissions from higher funds on the Wrap and Vision platforms was offset by lower advice fees from lower adviser headcount," the company said. Head of wealth product and technology for Macquarie Wealth Management Cameron ...

Former Westpac planner banned

JAMIE WILLIAMSON  |  TUESDAY, 29 NOV 2016
... their client." A customer remediation process has been completed, with 29 former clients paid a total of $1,127,543 in advice fees, refunds of premiums for inappropriate advice and market loss related to investments. Bishop is the 22nd financial adviser ...

ASIC confirms systemic failures in advice

KERRIE SYDEE  |  THURSDAY, 27 OCT 2016
... systemic failures occurring in the future. "Changes introduced through the FOFA reforms have shone a light on the advice fees that customers are paying and the services they should be receiving in return,' said ASIC deputy chair Peter Kell. "Our report ...

Actuaries want super dashboard overhaul

DARREN SNYDER  |  MONDAY, 15 AUG 2016
... regulators will take notice of our concerns. In particular, the separation of investment fees and costs from administration/advice fees and costs is critical to member understanding of the value they receive from their superannuation fund. Including ...

Stockspot cuts robo-advice fees

KERRIE SYDEE  |  WEDNESDAY, 6 JUL 2016
Automated investment adviser and fund manager, Stockspot, has reduced fees for all clients and eliminated the annual advice fee for investment portfolios under $50,000. Stockpot founder and chief executive, Chris Brycki, said the decision to reduce ...

Asteron Life upgrades adviser facility

DARREN SNYDER  |  WEDNESDAY, 27 APR 2016
... upgraded adviser service fee facility. The enhanced facility enables an automated collection and payment service for advice fees charged to clients, which can be used at the initial advice stage as well as at the point of renewal. It is designed to be ...