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Showing 2671 - 2680 of 9818 results for "Advisers"

Advice remediation tops $1bn

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
... Financial advice: Fees for no service and ASIC report 515 Financial advice: Review of how large institutions oversee their advisers. When it comes to fee for no service of misconduct, AMP paid or offered $145 million to almost 200,000. In addition it ...

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
... September 2014 to August 2017 Asgard charged 404 customers around $130,006 for financial advice after requests were made for advisers to be removed from their product accounts and after the advisers ceased providing advice. It also said that BT, as trustee ...

Dealer group eyes aggressive expansion

ELIZABETH MCARTHUR  |  THURSDAY, 20 AUG 2020
... said its plans for growth are to "aggressively pursue inorganic opportunities". The dealer group said 79 new financial advisers had joined the licence in the last year along with 49 new firms. With the advisers that left Centrepoint, the dealer group ...

Morgan Stanley duo establishes advice boutique

KANIKA SOOD  |  THURSDAY, 20 AUG 2020
Two former Morgan Stanley financial advisers have started a new private wealth firm focused on HNW and UHNW clients. Craig Emanuel and Tim Whybourne have worked together for 10 years, at UBS and more recently, Morgan Stanley Private Wealth Management. ...

Cromwell fights ARA takeover

ELIZABETH MCARTHUR  |  THURSDAY, 20 AUG 2020
... served on the board of a listed company before. He was formerly a senior partner of Arnold Block Leibler, ARA's legal advisers, which Cromwell said is enough of an association with ARA to make him conflicted. "ARA continues to incorrectly and selectively ...

Unmet advice needs increases for SMSF trustees

ANNABELLE DICKSON  |  THURSDAY, 20 AUG 2020
Self-managed superannuation (SMSF) trustees are faced with unmet advice needs as costs and confidence in financial advisers stands in the way. The Vanguard Investment Trends Planner Report revealed a 6% increase in the number of SMSF trustees with unmet ...

Perpetual profits plummet

ALLY SELBY  |  THURSDAY, 20 AUG 2020
... 27% from the previous financial year. Despite this, it was able to "materially grow its network of culturally aligned advisers", onboarding 20 new advisers with more than 150 high net worth clients. Together with flows from Perpetual Private's existing ...

Netwealth reports $43.8m in FY20 profits

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
... billion, according to Strategic Insight, March 2020. In the year ahead, it is looking to add a mobile client portal app for advisers to use for their wealth management clients. It said it will strategically increase the spend on IT infrastructure, people ...

New 'cash plus' style sovereign bond fund

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
... Sydney multi-boutique Channel Capital. The new fund is currently awaiting ratings but has been raising money via financial advisers with a past relationship with the boutique through its other strategies.

Calls for consent forms, opt-ins to be scrapped

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... have increased the entry-level cost for clients to receive advice. "Annual opt-ins create extra red tape and also forces advisers to only consider ongoing service arrangements with the clients who are able to pay them enough that they can deliver enough ...