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Showing 201 - 210 of 600 results for "Authorised Representative"

Hobart adviser cops ban

ALLY SELBY  |  WEDNESDAY, 29 JUL 2020
... after he encouraged clients to inappropriately double gear their investments. Meritum Financial Group authorised representative David Horton has been banned after ASIC found he had failed to provide financial advice that was appropriate and in the best ...

ASIC terminates illegal investment scheme

ALLY SELBY  |  WEDNESDAY, 29 JUL 2020
... Federal Court has taken action to dissolve an unregistered investment scheme operated by a former AMP authorised representative. MyWealth Manager was operated by Mustafa Mohammed, along with Mahek Mustafa, Mubashir Mohammed. The scheme related to MyWealth ...

ASIC appeal upheld

ALLY SELBY  |  MONDAY, 20 JUL 2020
... subsequently filed an appeal in October 2019, with the hearing held in June this year. Hutchison was an authorised representative for RI Advice, a licensee formerly owned by OnePath (an ANZ subsidiary). The appeal concerned the meaning of the phrase ...

Sequoia acquires advice firm

ALLY SELBY  |  WEDNESDAY, 8 JUL 2020
... additional expense, making a strong contribution to our EBITDA," the company said. TCA is a corporate authorised representative of Sequoia Group and has generated an average of $800,000 in annual income over the past three years. It will be absorbed ...

Super fund members compensated

JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
Members of a retail superannuation offering have been remediated close to $3 million after financial advisers failed to comply with legislation that would have seen them transferred to a lower cost MySuper offering in 2017. More than 1266 smartMonday ...

Confusion over RG 146 requirements

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUN 2020
... They continue to need to be compliant with RG146," Fox said. "It is only if an individual is both an authorised representative and a financial adviser that the FASEA CPD requirements apply to them in their role as a financial adviser."

Advice group acquires software business

ALLY SELBY  |  TUESDAY, 2 JUN 2020
The buyer of Chant West's financial planning software business Enzumo has been revealed, with an ASX-listed dealer group set to fork out $1.5 million for the business. Centrepoint Alliance will acquire Enzumo from Chant West, in a move that chief executive ...

Sequoia to acquire wealth group

KANIKA SOOD  |  MONDAY, 1 JUN 2020
Sequoia Financial Group has entered an agreement to acquire a wealth group, adding about 23 advisers and $1 billion in funds under management. Sequoia Wealth Management will acquire the customer base of Phillip Capital Limited's existing advisers ...

Adviser banned for five years

ELIZA BAVIN  |  TUESDAY, 26 MAY 2020
... The five-year ban follows ASIC surveillance of advice provided by NSW-based Sean Lewis while he was an authorised representative of Spectrum Wealth Advisers. ASIC found that Lewis failed to comply with financial services laws, including failure to provide ...

Adviser guilty of misuse of client money

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
... Dick was working as an adviser for AMP's Jigsaw Support Services. In March 2012, Dick became an authorised representative of NAB's GWM Adviser Services, where he worked for just over two years before beginning an almost four year stint at Synchron ...