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Showing 3311 - 3320 of 9818 results for "Advisers"

Financial Wisdom to shut down

JAMIE WILLIAMSON  |  WEDNESDAY, 7 AUG 2019
Commonwealth Bank has confirmed it will close Financial Wisdom. It will also allow Pathways advisers to commence transitioning elsewhere. Releasing its full year results today, the bank has confirmed it will commence the assisted closure of Financial ...

Sequoia acquires dealer group

JAMIE WILLIAMSON  |  TUESDAY, 6 AUG 2019
... Financial Planning, a national licensee with 68 authorized representatives as at August 1, 60 of which are active financial advisers. Under the arrangement, Libertas will remain separate to InterPrac and continue to operate under its own AFSL, brand ...

AMP MDA constraints frustrate advisers

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
... AMP Financial Planning's managed discretionary account (MDA) licence has resulted in so many constraints on financial advisers that the offering is reportedly "unusable". A source told Financial Standard that AMP Financial Planning's limited MDA arrangement ...

Former adviser cops 20-year prison sentence

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2019
... a popular radio show, which many of the investors knew her from, and was named on the Barron's list of top financial advisers three times. Bennett's company, DJB Holdings, also obtained a line of credit to the tune of $1.1 million (US$750,000) in May ...

AFA, FPA slam haste in ending grandfathered commissions

KRISTI CHENG  |  FRIDAY, 2 AUG 2019
The Financial Planning Association of Australia (FPA) and the Association of Financial Advisers (AFA) have both criticised the time frame given to phase out grandfathered commissions. Treasurer Josh Frydenberg announced earlier this week legislation ...

TPB welcomes independent review

ELIZABETH MCARTHUR  |  FRIDAY, 2 AUG 2019
... arrangements, registration and education requirements, compliance and sanction powers and the regulation of tax (financial) advisers. TPB chief executive Michael O'Neill said the board has worked closely with James to provide all the information needed ...

Jane Hume to address AFA Conference

KRISTI CHENG  |  THURSDAY, 1 AUG 2019
... Assistant Minister for Superannuation, Financial Services and Financial Technology will address the Association of Financial Advisers' National Conference in Adelaide. AFA chief executive Philip Kewin said the AFA is delighted to welcome Senator Hume ...

ASIC reveals advice remediation progress

HARRISON WORLEY  |  THURSDAY, 1 AUG 2019
A 2017 report by ASIC into how the big banks and AMP oversee financial advisers has netted less than $120 million in remediation to date. AMP, ANZ, Commonwealth Bank, NAB and Westpac have paid a total of $119.7 million [see figure 1] in remediation ...

Pengana adds fee class for global equities fund

KANIKA SOOD  |  THURSDAY, 1 AUG 2019
... and a performance fee structure, in response to adviser demand. Pengana has traditionally offered the fund to financial advisers at a flat 0.974% management fee per annum, with no performance fees. It has now created an additional fee class that gives ...

Advice resilient under pressure: Research

ELIZABETH MCARTHUR  |  THURSDAY, 1 AUG 2019
Just 11% of financial advisers plan to leave the industry if the full recommendations from the Royal Commission are implemented. However, data shows the industry's outlook as a whole remains positive. This is a key finding from Investment Trends' 2019 ...