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

Search Results

Showing 191 - 200 of 600 results for "Authorised Representative"

AAT affirms SMSF adviser ban

JAMIE WILLIAMSON  |  WEDNESDAY, 11 NOV 2020
... promote the protective objectives of the licensing regime". Prior to his banning, Blazejczyk was an authorised representative of Ballast Financial Management. He is also responsible manager, director and owner of the company, and was also owner of Bateau ...

PPS Mutual hires from Synchron

ANNABELLE DICKSON  |  MONDAY, 9 NOV 2020
Former Synchron state manager has joined mutual insurance firm PPS Mutual as a senior business development manager to strengthen its distribution in Victoria and Tasmania. Jason Milosevski has been the Victorian state manager at Synchron for the past ...

Derivatives issuer cops $75m penalty

ELIZA BAVIN  |  MONDAY, 19 OCT 2020
The Federal Court has imposed a $75 million penalty on OTC derivative issuer AGM Markets and former authorised representatives OT Markets and Ozifin. AGM was ordered to pay $35 million, while OTM and Ozfin have each been ordered to pay $20 million. ...

Adviser sentenced to eight years' prison

ELIZABETH MCARTHUR  |  FRIDAY, 9 OCT 2020
... before joining GWM Adviser Services for two years. From there, Dick joined Synchron where he was an authorised representative from 2014 to 2018. An ASIC investigation revealed that Dick used clients' money to fund his lifestyle, including $72,000 ...

Adviser charged with stealing super

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
... with four counts of dishonest conduct in relation to hardship superannuation requests. Rahul Goel is an authorised representative of Australian Financial Directions and committed the alleged offences under his business AR Wealth and Finance. Previously ...

New research head at Centrepoint Alliance

KANIKA SOOD  |  TUESDAY, 8 SEP 2020
... taking its total to 317 licensed advisers. It reported $131 million in FY20 revenue (up 11%). The average authorised representative fee of $19,000 increased to an average of $36,000, which offsets legacy rebate revenue decline ($3.3 million). It also ...

Former adviser faces fraud charges

ALLY SELBY  |  MONDAY, 31 AUG 2020
... restraining Gordon from carrying on a financial services business without holding an AFSL or being an authorised representative. The corporate watchdog alleges that between 2015 and 2017, Gordon withdrew a total of $502,000 from the bank accounts of ...

Advice disciplinary body delayed

KARREN VERGARA  |  FRIDAY, 28 AUG 2020
Financial advisers will have to wait until June 2021 for the long-awaited disciplinary body that is purported to professionalise the industry. Assistant Minister for Superannuation, Financial Services and Financial Technology, Senator Jane Hume flagged ...

ASIC takes action against RI Advice

ELIZABETH MCARTHUR  |  FRIDAY, 21 AUG 2020
ASIC has commenced proceedings in the Federal Court against RI Advice for failing to have adequate cyber security systems. ASIC said its action is in response to a number of alleged cyber security breaches through authorised representatives of RI Advice. ...

Dealer group eyes aggressive expansion

ELIZABETH MCARTHUR  |  THURSDAY, 20 AUG 2020
... the group grew by 11% to $131 million. Centrepoint said that in the last financial year its average authorised representative fee of $19,000 increased to an average of $36,000 which offsets legacy rebate revenue decline. Rebate revenue was down $3.3 ...