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

Search Results

Showing 11 - 20 of 118 results for "Securitor"

Former licensee head in new role

JAMIE WILLIAMSON  |  WEDNESDAY, 6 MAY 2020
... appointment of Mark Fisher as general manager of Godfrey Pembroke and MLC Connect. Fisher wrapped up as general manager of Securitor in May 2019 when Westpac shuttered the dealer group, along with Magnitude, as part of its decision to exit personal financial ...

Why remediation jobs aren't short-term

ELIZABETH MCARTHUR  |  TUESDAY, 24 MAR 2020
... have to repay more than 30% of the ongoing advice service fees charged by authorised representatives of Magnitude and Securitor. In its 2019 results, AMP estimated its remediation costs would hit $778 million. Many of the big banks have boosted their ...

WealthO2 appoints national BDM

ALLY SELBY  |  WEDNESDAY, 4 MAR 2020
... administration senior roles. He also spent more than four years with BT Financial Group as the NSW/ACT state manager securitor and licensee select, where he coached advice professionals on how to make their business more scalable, saleable and profitable. ...

Former Securitor manager joins Paragem

ALLY SELBY  |  WEDNESDAY, 12 FEB 2020
HUB24's financial advice subsidiary Paragem has hired a former Securitor state manager in a general manager role. Paragem has appointed Craig Kouimanis as a general manager of practice development to help support advisers and their practices as the ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... the group sold off part of its advice arm to Viridian Advisory and shuttered its aligned dealer groups, Magnitude and Securitor. Advisers were given the option of going elsewhere, though many ultimately made the transition to Viridian, with many having ...

Adviser moves show industry upheaval

ELIZABETH MCARTHUR  |  TUESDAY, 5 NOV 2019
... trustee. The spokesperson said advice services for members have remained unchanged. Former Westpac-aligned dealer groups Securitor and Magnitude ceased during the period, with advisers choosing to exit or move to other licences. In August, Financial ...

Down but not out: Top advisers adapt

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
... wealth operations. After exiting personal advice, Westpac lost 338 advisers since February - the most of any licensee. Securitor shed 146 advisers over the same period, bringing its total to just 85. Magnitude lost 79 advisers, going from 116 to just ...

Financial advice drags BTFG results

KARREN VERGARA  |  MONDAY, 6 MAY 2019
... million from its salaried financial planners. About 28% is estimated to be refunded. Authorised representatives from Securitor and Magnitude on the other hand received $966 million, but 31% will likely be refunded. A total of $200 million in compensation ...

Westpac reveals Magnitude, Securitor adviser remediation

HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
... set to repay more than 30% of the ongoing advice service fees charged by authorised representatives of Magnitude and Securitor. Westpac announced it would take a $357 million hit to cash earnings in its first half result based on currently available ...

Former Dover, Securitor adviser banned

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
... to October 2017 and was most recently with Lifestyle Asset Management, a boutique Sydney AFSL. ASIC was notified by Securitor Financial Group, which he was licenced by from 2006 to 2010. ASIC found Chigwidden consistently failed to address the needs ...