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Showing 201 - 210 of 1904 results for "licensee"

Expand bolsters SMA menu

MATTHEW WAI  |  TUESDAY, 13 AUG 2024
BlackRock, DNR Capital, Elston, Lonsec and Zenith have been added to the Expand Extra menu, doubling the wrap platform's separately managed account (SMA) offerings. The additional investment managers complement the current fleet of MLC Asset Management ...

Netwealth FUA nears $90bn

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... while statutory net profit after tax rose 24.1% to $83.4 million. "We have expanded and strengthened our new adviser and licensee relationships, plus our new business pipeline including conversion rates, remains very strong across all segments," Netwealth ...

ASIC intends to extend legislative instruments

MATTHEW WAI  |  FRIDAY, 9 AUG 2024
... records for seven years after the day the personal advice was provided to the client. They must also be accessible by the licensee at all times. ASIC Instrument 2021/716 modifies the Corporations Act to exclude certain forms of non-compliance from being ...

AMP sells advice licensees to Entireti, AZ NGA

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2024
... to "transform the advice industry landscape in Australia" while limiting future risks associated with running a large licensee. After offloading the licensees and Jigsaw, AMP said it will instead focus on employing salaried advisers within the Superannuation ...

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
AFS Licensees (AFSLs) and their professional indemnity insurers (PII) that fail to pay a determination will potentially see their licence revoked if the Compensation Scheme of Last Resort (CSLR) has to intervene. CSLR chief executive David Berry warned ...

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... Limited in which Hewish had an interest." ASIC also condemned UGC for violating numerous general obligations as an AFS licensee. UGC was found to not have provided financial services efficiently, honestly, and fairly. It also failed to ensure its representatives ...

ASIC proposes cash equity clearing and settlement rules

ANDREW MCKEAN  |  TUESDAY, 30 JUL 2024
ASIC has released a consultation paper on proposed rules to facilitate competitive outcomes in cash equity clearing and settlement (CS) services provided by the ASX Group. The corporate regulator's release of the consultation paper marks the first exercise ...

Sequoia chief reappointed, hunt for successor kicks off

ANDREW MCKEAN  |  WEDNESDAY, 24 JUL 2024
... until June 2026 allowing him to fulfil the next chapter of our group's mission and strengthening our already successful Licensee and Adviser Services business, as well as overseeing the growth opportunity in the Legal and Administration Services Division ...

Charges brought against ASX pump and dump group

JAMIE WILLIAMSON  |  TUESDAY, 23 JUL 2024
Four people have been criminally charged after an ASIC investigation identified them as key members of a Telegram group named the 'ASX Pump and Dump Group.' Syed Yusuf, Larissa Quinlan, Emma Summer, and Kurt Stuart have been charged with conspiracy ...

ASIC hits Melbourne adviser with travel ban

ELIZA BAVIN  |  TUESDAY, 23 JUL 2024
... King Financial Group (NSW), and King Financial Group (QLD). Wealth Effect Advisory is an Australian financial services licensee of which King is a director. King has held an AFSL since 2007 and was previously licensed under Principal Financial Group ...