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Showing 11 - 20 of 208 results for "Statements of Advice"

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 ...

Two more Shield Master Fund advisers banned

MATTHEW WAI | FRIDAY, 25 JUL 2025

... class of the Shield Master Fund. Further, D'Amelio and Crossing purportedly created false and misleading Statements of Advice (SoA), implying Shield has had a higher performing track record against other options when, in fact, it had a limited trading ...

ASIC bans advisers for dodgy Shield Master Fund advice

KARREN VERGARA | WEDNESDAY, 9 JUL 2025

... Financial Services from 11 October 2017 to 27 December 2021, and from 28 March 2022. ASIC found that Bradley's Statements of Advice (SoA) to certain clients included false and misleading statements that implied clients would enjoy better returns if their ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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