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Showing 1781 - 1790 of 10448 results for "advice"

ASIC confirms advisers can offer home equity access guidance

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
... planners," Miller said. But the lack of commission and small borrowing amounts make it unlikely that brokers will provide advice on the HEAS. Additionally, the HEAS is often used in conjunction with other financial products, such as age pension entitlements ...

ASIC FAR to display adviser QTRP status

CHLOE WALKER  |  TUESDAY, 10 JAN 2023
... February 1, ASIC's Financial Advisers Register (FAR) will display whether a financial adviser can provide tax (financial) advice services to retail clients. To provide tax advice services to retail clients, a financial adviser must meet certain new requirements ...

Regulator issues interim stop orders

JAMIE WILLIAMSON  |  MONDAY, 9 JAN 2023
... Entity Services is prohibited from issuing interests in, providing a product disclosure statement, or providing general advice to retail clients about investing in the fund for 21 days. ASIC said it is concerned that certain risks and features of the ...

Former adviser sees ban reduced

CHLOE WALKER  |  MONDAY, 9 JAN 2023
... participation in a cash rebate procedure. It also found that Sherwal failed to prioritise his client's interests in the advice he gave and that there were instances of inappropriate advice and failures to comply with the additional requirements of advice ...

Federal Court finds against finfluencer

JAMIE WILLIAMSON  |  MONDAY, 9 JAN 2023
... trading and recommending stocks on Instagram. The court handed its decision down in December, with the judge saying the advice provided by Scholz "formed part of the continuous and systemic business operations by which Mr Scholz derived profit". The ...

Managed accounts dominated by SMAs

ANDREW MCKEAN  |  WEDNESDAY, 21 DEC 2022
... separately managed accounts' (SMA) footprint in the managed account sector has risen dramatically in two years. SMAs funds under advice (FUA) in the past two years increased 151%. Meanwhile, managed discretionary accounts (MDAs) increased by 44% over ...

Lifespan welcomes markets veteran to investment committee

CHLOE WALKER  |  TUESDAY, 13 DEC 2022
The privately-owned financial advice network has appointed high profile financial markets veteran Jonathan Pain to the Lifespan Investment Committee. Pain brings over 38 years of international investment experience and has led investment teams in London ...

ASIC abandons $500k SMSF threshold

ANDREW MCKEAN  |  FRIDAY, 9 DEC 2022
ASIC has updated guidance on SMSF advice, deciding to remove $500,000 as an indicator of the "appropriateness of advice" to establish a SMSF. ASIC hasn't opted to nominate a minimum threshold but said fund expenses are proportionality higher, and net ...

Latest adviser exams see 57% pass rate

CASSANDRA BALDINI  |  FRIDAY, 9 DEC 2022
... cycles are held to the same standard. It added those who have passed demonstrated the skills to apply their knowledge of advice construction, ethics and legal requirements to the practical scenarios tested in the exam. Further analysis revealed by ASIC ...

BT head joins Colonial First State

ANDREW MCKEAN  |  THURSDAY, 8 DEC 2022
... major Australian wealth platform innovation in the last decade. Quirk said the new platform will sit at the heart of an advice tech stack, bringing together the software that sits inside advisers' practices, with managed accounts at its core.