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Showing 411 - 420 of 600 results for "Authorised Representative"

Westpac, Count on ASIC radar over complex product advice

LAURA MILLAN  |  TUESDAY, 24 FEB 2015
... and in documenting the basis for advice provided. The regulator was also concerned that a corporate authorised representative of Genesys had not adequately disclosed the risks, features or costs of the products recommended. For HSBC, ASIC found that ...

Advice register more detailed than expected

LAURA MILLAN  |  WEDNESDAY, 18 FEB 2015
The Treasury's public register of financial advisers will be more detailed than it was expected, the regulations introduced by Assistant Treasurer Josh Frydenberg show. As expected, the regulations include the obligation for financial advisers to provide ...

Ex-ANZ adviser sent to jail over $6m fraud

LAURA MILLAN  |  WEDNESDAY, 11 FEB 2015
... representative with Financial Wisdom (now owned by Commonwealth Bank) and in February 2004 she became an authorised representative of ANZ-owned Millenium3. In December 2013, Scott pleaded guilty to three dishonest conduct charges and four charges relating ...

Separate risk advisers from other planners: Synchron

LAURA MILLAN  |  THURSDAY, 29 JAN 2015
A life insurance policy has more in common with car insurance policies than with an investment portfolio and therefore risk advisers should be kept separate from other financial planners, Synchron director Don Trapnell argued. "For some reason, risk ...

Australian Unity acquires Premium Wealth

ALEX BURKE  |  WEDNESDAY, 14 JAN 2015
Australian Unity Personal Financial Services (Australian Unity) has acquired nearly 97% of Premium Wealth Management. Premium Wealth shareholders almost unanimously accepted the acquisition offer, with the transaction being completed on 22 December. ...

ASIC imposes conditions on Guardian Advice

STAFF WRITER  |  WEDNESDAY, 7 JAN 2015
The Australian Securities and Investments Commission (ASIC) has imposed conditions on the licence of Suncorp-owned Guardian Advice following a surveillance which uncovered deficiencies in the advice it provided to retail clients. ASIC said the company ...

Register to include qualifications, association membership

LAURA MILLAN  |  MONDAY, 1 DEC 2014
The government's public financial adviser register will include adviser's qualifications and professional association memberships by March 2015, Treasury has confirmed. A statement by the department confirmed that the register will also include the ...

Treasury seeks consultation on adviser register

LAURA MILLAN  |  THURSDAY, 27 NOV 2014
... retail clients on more complex financial products. The regulation also seeks to redefine the concept of 'authorised representative' so it includes every employee able to provide financial product advice, as opposed to the advisers listed under the Australian ...

Non-aligned licensee inquiries to rise in 2015

LAURA MILLAN  |  MONDAY, 17 NOV 2014
... business cycle that we have seen before." Canopy Private director Christopher Bates left his job as an authorised representative of AMP-owned Charter Financial Planning to set up his own business. He now operates under non-aligned Madison Financial Group. ...

Libertas FP to offer SMA portfolios

STAFF WRITER  |  WEDNESDAY, 12 NOV 2014
Independent firm Libertas Financial Planning has added Bellmont Securities separately managed accounts (SMA) to its approved product list. The offering includes the Bellmont Core Equities Portfolio, which is a blue-chip equities portfolio, giving investors ...