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Showing 3181 - 3190 of 9818 results for "Advisers"

Dealer group shuts after advisers depart

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
... A dealer group boss decided to close down its Australian Financial Services License after finding it hard to restock advisers with the FASEA education requirements. Queensland-based Myonlineadvisers was started by James Sutherland in 2012 as a non-aligned ...

ASIC nudges robo-adviser to shutter

ELIZABETH MCARTHUR  |  FRIDAY, 18 OCT 2019
... financial advice. "However, the advice provided through these tools must meet the same legal obligations required of human advisers - the advice must be appropriate to the client and comply with the best interests duty. "ASIC expects AFS licensees and ...

Industry fund head jumps to Mercer

ELIZABETH MCARTHUR  |  FRIDAY, 18 OCT 2019
... Mercer. Joanne Caruana was at HESTA for almost three years where she was responsible for leading a team of superannuation advisers and member education managers. Now Caruana has joined Mercer as a senior relationship manager in the corporate superannuation ...

YouTube fundie walks away

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... Woodford taking to YouTube to issue an emotional apology. Just one day before his resignation, Link appointed BlackRock Advisers as transition manager to wind up the WEIF. Woodford said in response to the wind up: "This was Link's decision and one ...

Count Financial bolsters team as part of transition

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... CountPlus the immediate ability to scale. At the time the sale was announced, Count Financial was home to approximately 350 advisers. CBA also recently offloaded CommSec Advisory to Morgans for an undisclosed sum.

YouTube fundie ousted, flagship fund to be wound up

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... corporate director of the fund, announced last night that it will wind up the Woodford Equity Income Fund (WEIF). BlackRock Advisers have been appointed as transition managers. Woodford said in response to the news: "This was Link's decision and one ...

ASIC grants compliance scheme relief

HARRISON WORLEY  |  WEDNESDAY, 16 OCT 2019
ASIC will grant AFS licensees with relief from the obligation to ensure their financial advisers are covered by a compliance scheme. As part of the government's decision late last week to accelerate the establishment of a single disciplinary body for ...

ASIC using intimidation tactics on grandfathering: AIOFP

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... was passed by parliament on Monday. Johnston confirmed that the legal advice the AIOFP has received is that commissions advisers lose in the banning of grandfathered conflicted remuneration would have to be repaid should the High Court challenge succeed. ...

Grandfathered commissions ban passes

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... supported the phasing-out of commissions on investment products provided it is in the interest of consumers and that advisers have time to adjust their businesses. "The passing of the legislation last night provides certainty to financial planners and ...

AMPFPA selects law firm

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2019
... have typically come to board meetings bi-monthly," Macdonald said. The AMPFPA represents 100% of AMP Financial Planning advisers and Macdonald estimates they contribute up to $50 billion of AMP's funds under management. Macdonald said about 150 AMPFPA ...