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Showing 361 - 370 of 1904 results for "licensee"

Centrepoint Alliance scoping for scale

JAMIE WILLIAMSON  |  FRIDAY, 24 FEB 2023
... Centrepoint Alliance has firmly established itself as the market leader for attracting quality firms looking for a new licensee." Acquisitions remain a priority for the group, it said, and significant work has been undertaken during the period to identify ...

Advice group convicted of hawking

JAMIE WILLIAMSON  |  WEDNESDAY, 22 FEB 2023
... banned by ASIC for 10 years. At the time, ASIC said the firm adopted a 'layered advice' strategy whereby the licensee separated the advice into pre-determined topics, regardless of the client's personal circumstances, goals or advice needs. ...

AMP profits, declares first dividend since 2019

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2023
... million, driven by impairments to the carrying value of practice investments in FY21 not being repeated ($18m), higher licensee fees ($15m), and growth in its equity investment portfolio ($4m). However, it was offset by the sale of the employed advice ...

Netwealth reports significant growth

ANDREW MCKEAN  |  WEDNESDAY, 15 FEB 2023
... and high win rate for new business across all key segments. Netwealth added that it successfully secured several new licensee relationships that will begin transitioning and funding new accounts in the current financial year. The company also said that ...

My mind has not been changed: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 8 FEB 2023
... which the Corporations Act does not require a relevant provider to give personal advice, it will be a matter for the AFS licensee to determine whether the personal advice can be provided by an individual who is not a financial adviser. "Happily, I do ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... applies to the financial adviser (relevant provider) if they provide the advice, otherwise it's applicable to the licensee. However, Levy has also recommended a Statutory Best Interests Duty. This would replace the current obligations for relevant ...

Associations call for improved access to financial advice

ANDREW MCKEAN  |  FRIDAY, 3 FEB 2023
... FINSIA chief executive and managing director Yasser El-Ansary, Institute of Public Accounts chief executive Andrew Conway, Licensee Leadership Forum chief executive Neil Younger, SMSF Association chief executive John Maroney, Stockbrokers and Investment ...

FPA, SMSFA launch specialist pathway

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
The associations have combined to offer CFPs an express pathway for completing the SMSF Specialist Advisor designation. The express pathway will be available to FPA members holding the Certified Financial Planner (CFP) designation, who will be exempt ...

APRA slaps conditions on Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 JAN 2023
... statements made by Cruelty Free Super which overstated the use of investment screens. In August 2022, mobiSuper and its licensee ZIB Financial paid $250,000 for breaching superannuation advice laws. Meanwhile, in December the Administrative Appeals Tribunal ...

Sequoia FG revises profit expectations

JAMIE WILLIAMSON  |  MONDAY, 23 JAN 2023
... its EBITDA for 1H23 is now expected to be about $3.2 million, 40% below budget because of one-off issues. Within its licensee services division, the group has seen a delay in the recovery of claims cost repatriation of more than $2 million along with ...