Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1951 - 1960 of 9816 results for "Advisers"

FASEA defers Standard 3 amendment to ASIC

KARREN VERGARA  |  TUESDAY, 21 DEC 2021
... interest." The advice industry has been vocal about the practical issues when applying Standard 3, which had the intent that advisers must not advise, refer or act in any other manner where they have a conflict of interest or duty that is contrary to ...

Proxy advice reforms force transparency, AFS licensing

KARREN VERGARA  |  MONDAY, 20 DEC 2021
... exercising voting rights on behalf of their members will need to be more transparent with their votes, while all proxy advisers must provide a copy of their recommendations to companies on the same day they are provided to investors. Frydenberg is also ...

February 2022 adviser exam dates released

KARREN VERGARA  |  MONDAY, 20 DEC 2021
As part of its new remit, ASIC has released the first round of examination dates for financial advisers in 2022. The first exam sittings of 2022 will be held on February 17, 18, 19 and 21. Enrolments for this sitting will be open from 10 January 2022 ...

ISPT takes stake in property fund manager

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... the FSREC Property Fund via a proposed placement valued between $240 million and $330 million. E&P acquired Fort Street Advisers in 2018, merging it with its capital markets business to create a corporate and institutional business. Fort Street is a ...

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... took effect on 1 July 2021. The standard provides a template for product providers, superannuation funds and financial advisers when setting up ongoing or non-ongoing fee arrangements. Separately, the FSC unveiled Standard No. 27 Removal of Occupational ...

Adviser population drops below 19,000

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
The financial advice industry lost more than 2200 advisers this year, marking an 11% year-on-year drop to 18,822. Rainmaker modelling of ASIC's Financial Adviser Register reveals that only 18,822 advisers are left as of yesterday, December 16. At ...

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
Not long after Labor suggested it would not require older financial advisers to get degrees, the Liberal party has now backflipped on education standards to match Labor's policy. Minister for superannuation, financial services and the digital economy ...

MLC Life adds to retail distribution team

JAMIE WILLIAMSON  |  THURSDAY, 16 DEC 2021
... joining as adviser partnership managers. Previously a business development manager at Asteron Life, Perrotto will work with advisers in New South Wales. He brings more than 13 years' experience in financial planning and life insurance. Both Galvin and ...

T. Rowe Price launches two new products

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
... Asset manager T. Rowe Price has launched new global equities investment products available to Australian and New Zealand advisers and wholesale investors. It announced the launch of the Global Select Equity Strategy via T. Rowe Price's Concentrated Global ...

Crestone to be acquired by LGT Group

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
... and staff, and has about $25 billion in assets under management. At the time of buying the business, about 70 of the 95 advisers attached to it crossed over. Speaking to FS Private Wealth in 2019, Chisholm spoke of the decision for the firm to only work ...