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Showing 11 - 20 of 210 results for "Statements of Advice"

ASIC bans adviser attached to UGC, MWL

ELIZA BAVIN  |  THURSDAY, 23 OCT 2025
... medium-high risk investment. Shield also had a limited trading history. ASIC also found that Videkanic's Statements of Advice to certain clients contained false and misleading statements, implying they would enjoy better returns by investing their ...

ASIC slaps MWL adviser with ban over Shield involvement

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... Master Fund when it was not in their best interests. He was also found to have provided false and misleading Statements of Advice, including representations that Shield had a higher performing track record against other super funds when Shield had only ...

MLC Expand targets time savings with new AI capabilities

MATTHEW WAI  |  THURSDAY, 16 OCT 2025
... to populate a range of client documentation using information from the Client Service Agreement (CSA) and Statements of Advice (SoA). The SoA for new business applications is also being piloted for rollout soon, and is said to be saving advisers, on ...

Shield collapse brings wholesale governance to the forefront

RIDDHIMA TALWANI  |  WEDNESDAY, 24 SEP 2025
... there is also a strong focus on clients' best interests, particularly when putting together portfolios and Statements of Advice. "What I'm hearing more from a governance perspective is the best interests of their clients... I think they are positive ...

ASIC sets sights on 140 advisers

ELIZA BAVIN  |  THURSDAY, 18 SEP 2025
... investigation," Court said. "We have to get investor evidence as to what they were told. We have to review the Statements of Advice that were given. We then have a delegate within ASIC that makes a decision. It's obviously a very serious decision ...

Former United Global Capital adviser banned

JAMIE WILLIAMSON  |  MONDAY, 1 SEP 2025
... explained. ASIC also said that by purporting to limit the advice in the manner he did, Petrovic provided Statements of Advice that were defective and therefore engaged in misleading and deceptive conduct. The regulator said Petrovic did not act in clients' ...

ASIC piles more charges on Merhi

KARREN VERGARA  |  MONDAY, 1 SEP 2025
... unconscionable conduct, failed to act in the best interests of clients, gave conflicted advice, and provided defective statements of advice whilst receiving millions of dollars". The regulator alleged he used marketing companies to push potential clients ...

Shield-linked advice firm director, compliance manager banned

JAMIE WILLIAMSON  |  THURSDAY, 28 AUG 2025
... ensure advisers provided appropriate advice that was in the clients' best interests; providing templated Statements of Advice (SOAs) to advisers that contained misleading representations of Shield's performance; and failing to properly assess ...

Adviser banned for UGC, Shield involvement

MATTHEW WAI  |  TUESDAY, 19 AUG 2025
... a conflict of interest and "jeopardised" client retirement savings by facilitating the transfer. Rankin's Statements of Advice were also found to include projections that were misleading and deceptive, ASIC said. He allegedly increased his advice fee ...

Mulino sits on Tranche 2 for now, grapples with complexity

KARREN VERGARA  |  WEDNESDAY, 30 JUL 2025
... DBFO 2. Released in March, the long-awaited Tranche 2 of DBFO proposed several changes, such as replacing Statements of Advice with Client Advice Records and clarifying what topics super funds can collectively charge for, only to fall through the cracks ...