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Showing 11 - 20 of 32 results for "Senior Counsel Assisting Rowena Orr"

ANZ culls sales incentives for planners

KANIKA SOOD  |  MONDAY, 7 MAY 2018
... placing higher expectations on the qualifications of its advice professionals after last month, senior counsel assisting Rowena Orr revealed that only 35% of all financial advisers have completed a bachelor degree or above. Financial planners looking ...

Uncertainty abounds future of advice regulation

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
... penalising misconduct. In closing the Royal Commission's inquiry into financial advice on Friday, Senior Counsel Assisting Rowena Orr said the testimonies provided by the Financial Planning Association of Australia, the Association of Financial Advisers ...

RC suggests separating platforms and advice licensees

ALEX BURKE  |  MONDAY, 30 APR 2018
One of the key points made by Senior Counsel Assisting Rowena Orr at the end of the financial advice Royal Commission was that vertical integration of advice licensees and platform providers carries systemic risk. Orr said that licensees using approved ...

ROYAL COMMISSION: Our top stories

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... practice of heavily negotiating enforceable undertaking outcomes with financial advice licensees. Senior Counsel Assisting Rowena Orr asked ASIC senior executive leader - financial advisers, Louise Macaulay, why ASIC did this instead of "exercising its ...

Adviser regulation lacking a professional body, RC hears

KARREN VERGARA  |  FRIDAY, 27 APR 2018
... explaining the professional body aspires to play a bigger role in regulating the industry. Senior Counsel Assisting Rowena Orr unearthed the AFA's passive approach to disciplining and monitoring members' misconduct and why it doesn't receive ...

MGP responds to Henderson's RC hearing

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... through which Maxwell Henderson runs its custom MDA offering. During Henderson's testimony, Senior Counsel Assisting Rowena Orr outlined that about 70% of Henderson Maxwell's total clients and about 84% of its total funds under advice are managed through ...

ASIC grilled over negotiating with banks

ALEX BURKE  |  FRIDAY, 27 APR 2018
... practice of heavily negotiating enforceable undertaking outcomes with financial advice licensees. Senior Counsel Assisting Rowena Orr asked ASIC senior executive leader - financial advisers, Louise Macaulay, why ASIC did this instead of "exercising its ...

Advice firm impersonated clients

JAMIE WILLIAMSON  |  THURSDAY, 26 APR 2018
... calls in which a staffer impersonated a client may have been at his direction. Questioned by Senior Counsel Assisting Rowena Orr on Tuesday, Henderson Maxwell chief executive and senior financial adviser Sam Henderson admitted it was "most likely" he ...

Royal Commission grills professional associations

KARREN VERGARA  |  THURSDAY, 26 APR 2018
... complaint to the FPA in March 2017, which until today has not been resolved, De Gori told Senior Counsel Assisting Rowena Orr. He couldn't confirm precisely when it will be resolved other than it was "imminent." Henderson left the FPA on 3 July 2017 ...

High profile adviser under fire

JAMIE WILLIAMSON  |  THURSDAY, 26 APR 2018
... Planning Association of Australia which, almost 12 months later, is yet to be resolved. Asked by Senior Counsel Assisting Rowena Orr why she chose to share her story with the Royal Commission, McKenna said: "As a semi-public person I considered it was ...