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Showing 1 - 10 of 100+ results for "AFSL"

ASIC bans adviser, cancels AFSL

ANNABELLE DICKSON  |  TUESDAY, 28 SEP 2021
... banned a Gold Coast-based financial adviser from providing financial services for four years and cancelled the associated AFSL for failure to comply with its general obligations. ASIC found that Frederick Steven Ackerman failed to act in the best interests ...

Asendium partners with licensee support firm

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
Asendium has joined forces with a licensee support firm that has more than 70 AFS Licensees nationwide. My Dealer Services is using the financial advice technology firm's software to develop compliant advice. Advisers will be able to generate in-house ...

More advisers switching practices

KARREN VERGARA  |  TUESDAY, 21 SEP 2021
Nearly 1700 financial advisers jumped from one practice to another in the year to August, Rainmaker's adviser movements pipeline shows. The newly launched database found 1689 advisers moved from one employer to another, while the month to August saw ...

ASIC provides licensing update

ELIZABETH MCARTHUR  |  THURSDAY, 16 SEP 2021
... - revealing an increase in applications. The regulator revealed that between July 2020 and June 2021, ASIC received 1883 AFSL applications and ACL applications, representing a significant increase from the 1346 received in the previous financial year. ...

WTL posts $3.3m loss

KARREN VERGARA  |  WEDNESDAY, 1 SEP 2021
... totalling $2.9 million. WTL commenced its restructuring program in 2018 with the acquisition of Wealth Today, which holds an AFSL and provides dealer group services to financial advisers such as licensing, risk management, education and training, technical ...

Consultum chief joins new firm

ELIZABETH MCARTHUR  |  TUESDAY, 24 AUG 2021
... years with Consultum. Botte said of joining ASVWFS: "Most importantly, it was an opportunity to join a progressive, boutique AFSL with no legacy issues or anchors to the past by being technology, product and investment platform agnostic." He added that ...

Unlicensed crypto platforms robbing investors

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
... urging investors to be wary of investing in such crypto-assets but also to check whether the platform is licensed with and AFSL or AML or not. "If an entity is unlicensed, you are taking a risk that you will not be afforded with the investor protections ...

Halifax auditor to cough up fines

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
... been detected and Halifax would have been required to cease trading until sufficient capital was raised for it to meet its AFSL capital requirements. In effect, the audit failure enabled Halifax to trade while being prima facie insolvent. The clients ...

New AIA advice unit names chief executive

KARREN VERGARA  |  FRIDAY, 30 JUL 2021
... offloaded Count Financial to CountPlus and terminated Financial Wisdom. AIA Financial Wellbeing will operate under a separate AFSL to AIA Australia, offering personal advice to customers of CBA with life insurance and wealth needs. Advice will be provided ...

AMP sued over corporate super misconduct

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... had left those super products wouldn't be charged advice fees, and that the group also contravened obligations as an AFSL to act efficiently, honestly and fairly. In a statement, AMP acknowledged the proceedings and said it became aware in 2018 that ...
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