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Showing 321 - 330 of 600 results for "Authorised Representative"

Commonwealth Bank refunding millions in fees for no service

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
In its three submissions to the Royal Commission, Commonwealth Bank has admitted to at least $118.5 million of fee for no service misconduct. Providing examples of misconduct by authorised representatives and financial advisers employed by CBA and related ...

ANZ issues last minute RC submission correction

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
ANZ issued a correction to its submissions to the Royal Commission over the weekend ahead of the next fortnight's hearings on financial advice. Senior Counsel Assisting Rowena Orr said the Royal Commission was provided with a correction by ANZ on Sunday ...

AMP admits to serious misconduct in RC submissions

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
AMP has acknowledged hundreds of instances of misconduct in relation to the provision of financial advice between 1 January 2008 and 30 June 2015. In opening the Royal Commission's inquiry into financial advice today, Senior Counsel Assisting Rowena ...

Former Millennium 3 adviser banned

JAMIE WILLIAMSON  |  FRIDAY, 2 MAR 2018
... Millennium 3 from 29 September 2008 to 12 September 2011. He then switched to Lonsdale where he served as an authorised representative until April 2016. He was since licensed by Hunter Green, an AFSL controlled by the G & A Hunter Family Trust. At the ...

ASIC bans Perth adviser

DARREN SNYDER  |  FRIDAY, 23 FEB 2018
... looked at several of Leake's client files from Wealthsure Financial Services Pty Ltd, where he was an authorised representative from March 2015 until January 2018. ASIC said the outcome is a result of its Life Insurance Lapse Data Project. The project ...

Former Charter adviser receives permanent ban

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2018
... investment accounts and directed clients to make payments directly into his personal bank account. An authorised representative of Charter Financial Planning from June 2010 to June 2016, Poynter provided advice on superannuation products to a number ...

Best interest duty failures lead to EU

JAMIE WILLIAMSON  |  MONDAY, 19 FEB 2018
... of five years. He is also unable to be a director of a financial services company that is a corporate authorised representative of an AFS licensee; or apply for an AFSL. Orth will also make a $400,000 donation to Financial Literacy Australia.

Synchron appoints state manager

KARREN VERGARA  |  FRIDAY, 16 FEB 2018
Financial advice dealer group Synchron named Matthew Wallis as the new state manager for New South Wales. Wallis will succeed Paul Del Grande who resigned to focus on his financial advice practice, InSync Financial Services. Sydney-based Wallis has ...

Advisers can fill aged care demand gap: Study

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2018
The growing demand for aged care planning will shift financial advisers' service offering and provide a new source of revenue in the medium-term, a joint study by Aged Care Steps and Swiss Re reveals. The research, which explored the challenges and ...

ASIC bans ex-CBA adviser for five years

KARREN VERGARA  |  THURSDAY, 18 JAN 2018
... for instructing clients to pay fees-for-service into his personal bank account. ASIC said Alafaci, an authorised representative of Centra Wealth between 2 July 2014 and 11 January 2016, was not of good fame or character. The investigation determined ...