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Showing 381 - 390 of 936 results for "AFSL"

AAT affirms SMSF adviser ban

JAMIE WILLIAMSON  |  WEDNESDAY, 11 NOV 2020
... responsible manager, director and owner of the company, and was also owner of Bateau Asset Management. ASIC suspended Ballast's AFSL in October until December 18 as it had ceased to carry on a financial services business. In 2015 another former authorised ...

The platforms with the most advisers

KANIKA SOOD  |  TUESDAY, 3 NOV 2020
... is used by 777 AFSLs. Next up was Asgard with 5401 advisers, 6% market share and 739 licensees. The results are based on AFSL-level data collected by Rainmaker. It is estimated the average adviser uses about five different platforms. Five platforms had ...

Fastest-growing AFSLs in the country

KANIKA SOOD  |  FRIDAY, 30 OCT 2020
... months to September end. And which AFSLs have the biggest market share. Overall, there were 19,357 advisers attached to an AFSL at September end, down 2597 from a year ago. In the 12 months, 2832 new names were registered while nearly twice the amount ...

Federal Court freezes investment scam, winds up SMSF operator

ANNABELLE DICKSON  |  TUESDAY, 27 OCT 2020
... the Corporations Act by operating a financial services business without holding an Australian financial services licence (AFSL). ASIC alleges Beresford established Maxwell Financial Services in 2019 and offered investors financial products with high ...

Derivatives issuer cops $75m penalty

ELIZA BAVIN  |  MONDAY, 19 OCT 2020
... AGM be higher than that for OTM and Ozifin, reflecting the failure by AGM to discharge its obligations as the holder of an AFSL," Justice Beach said. "Such a penalty will stand as a deterrent to other AFSL holders, particularly those who are participants ...

A new model is coming: Licensees

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
At the Association of Financial Advisers' Conference, a panel of licensee executives agreed that the advice industry will be pushed towards a new model in the coming years. The panel, facilitated by CoreData founder and principal Andrew Inwood, saw ...

Another MLC advice firm exits group

KARREN VERGARA  |  TUESDAY, 6 OCT 2020
... Queensland-based Designing Financial Solutions (DFS), led by principal and financial planner Kevin Redfearn, is now operating under the AFSL of independent group FYG Planners, which has over $3 billion in funds under management. DFS was licensed with ...

Lifespan adds MDAs to BT Panorama

KANIKA SOOD  |  TUESDAY, 22 SEP 2020
... our support service for existing self-licensees and those advice businesses wanting to transition to their own individual AFSL," Ardino said. Lifespan said it has offered MDA solutions for over 15 years. It currently has $250 million in MDA services ...

ASIC provides relief to Victorian advisers

ALLY SELBY  |  TUESDAY, 22 SEP 2020
The corporate watchdog has shifted to a no-action position on fee disclosure statements and renewal notice obligations for financial advice businesses in Victoria. The no-action applies to AFS licensees and representatives where their business is solely ...

Funds services firm expands offerings

KARREN VERGARA  |  TUESDAY, 8 SEP 2020
... firm is expanding its back-office offering to include trustee, custody and escrow services. Intertrust Group has secured an AFSL that will enable it to provide additional fund services to asset managers, institutional investors and financial institutions. ...