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Showing 311 - 320 of 1235 results for "licensees"

Dramatic growth in non-aligned advisers: Research

KARREN VERGARA  |  THURSDAY, 20 JAN 2022
... represent 27% of the segment. Another growing trend Rainmaker found is the rapid rate in which advisers moved between licensees, with nearly 13% switching to a new AFSL. Morgans Financial has the largest superannuation advice business with 379 advisers. ...

Federal Court imposes $4m penalty on industry fund

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
... to ASIC in a timely manner." Court added that breach reporting is integral to board oversight and risk management by licensees, and financial services companies have strict obligations to report contraventions of the law to ASIC, including time limits ...

DomaCom hits $100m in FUM

CHLOE WALKER  |  FRIDAY, 14 JAN 2022
... friends, DomaCom said. DomaCom chief executive Arthur Naoumidis expressed his thanks for the support among investors, licensees and their financial advisers for driving the fractional model forward. "It is this innovation coupled with advisers progressive ...

Midwinter hires advice sales lead

KARREN VERGARA  |  MONDAY, 10 JAN 2022
... and sales roles. "There has been a lot of change in the advice industry. This has created challenges for advisers and licensees, but also makes it an exciting time to be working in advice technology. Software can add substantial value to an advice business ...

MLC Life adds to retail distribution team

JAMIE WILLIAMSON  |  THURSDAY, 16 DEC 2021
... highly experienced insurance industry professionals with a passion for improving our partnerships with advisers and licensees and will strengthen our team immensely."

Do inflows follow performance?

JAMIE WILLIAMSON  |  FRIDAY, 10 DEC 2021
... multi-sector funds where products are more likely to be associated with larger wealth groups (that may also have aligned licensees) and there is a smaller gap between highest and lowest returns," the research states. "In fact, these were the only sectors ...

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
... premiums that included a commission despite them being banned; inadequate fee disclosure across its now defunct advice licensees; continuing to charge fees on deregistered company accounts; and selling on credit card and flexi-loan debt with incorrect ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... premiums that included a commission despite them being banned; inadequate fee disclosure across its now defunct advice licensees; continuing to charge fees on deregistered company accounts; and selling on credit card and flexi-loan debt with incorrect ...

APRA questions trustees on financial resilience

CHLOE WALKER  |  MONDAY, 22 NOV 2021
... identified several issues in this space, meaning improvements need to be made. Some of the issues identified include RSE licensees not being sure of appropriate reserve target amounts and a lack of clearly articulated processes for periodic reviews or ...

ASIC launches remediation review

KARREN VERGARA  |  WEDNESDAY, 17 NOV 2021
A new ASIC review will force licensees to improve identifying remediation issues and rectify and compensate consumers sooner. The corporate watchdog launched a new consultation with the advice industry to ensure that AFS licensees act efficiently, honestly ...