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Showing 421 - 430 of 1135 results for "Representatives"

YBR overhauls wealth arm

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
... its wealth functions. Rainmaker analysis of ASIC's Financial Adviser Register shows YBR has 62 authorised representatives as of yesterday. Franchisees will still be able to distribute wealth products and provide wealth advice to their existing and ...

Former Kaz Capital adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
... "Licensees must have an adequate and appropriate compliance framework to govern the monitoring and supervision of their representatives. We expect all licensees to comply with this and will monitor their compliance closely." Cornford has the right to ...

ASIC pushes regtech adoption

ELIZABETH MCARTHUR  |  TUESDAY, 14 MAY 2019
... area is utilised." ASIC is encouraging those with innovative regtech to register and showcase the solutions to representatives from government, finance, technology and media. The events will be held in August.

ASIC catches illegal dual licensees

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
... financial services (AFS) licensees have had their authorisation revoked after ASIC found they were also authorised representatives of other AFS licensees. ASIC has revoked authorisation of these dual licence holders after an investigation into 65 AFS ...

Industry fund fined over independent advice claims

KARREN VERGARA  |  THURSDAY, 9 MAY 2019
... were not independent of each other based on this relationship: Hostplus employees were appointed as authorised representatives to provide financial advice under IFS's AFSL; Hostplus paid service fees to IFS for adviser services; and Hostplus was a shareholder ...

Financial advice drags BTFG results

KARREN VERGARA  |  MONDAY, 6 MAY 2019
... group earned $534 million from its salaried financial planners. About 28% is estimated to be refunded. Authorised representatives from Securitor and Magnitude on the other hand received $966 million, but 31% will likely be refunded. A total of $200 million ...

Westpac reveals Magnitude, Securitor adviser remediation

HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
Westpac is set to repay more than 30% of the ongoing advice service fees charged by authorised representatives of Magnitude and Securitor. Westpac announced it would take a $357 million hit to cash earnings in its first half result based on currently ...

ASIC appoints receiver for derivatives issuer

ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
... year when its licence was cancelled. Berndale Capital Securities Management and Algoplus were former authorised representatives of Berndale. ASIC alleges that the financial affairs of each company are "extensively intermingled with the financial affairs ...

Rush of advisers sign up before FASEA deadline

ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
... Register. According to a Rainmaker analysis of ASIC data, an extra 4037 financial advisers registered as authorised representatives to meet FASEA's 31 December 2018 deadline. Eighty percent of the new licences went to non-institutional financial ...

ASIC bans Gold Coast adviser

ELIZABETH MCARTHUR  |  TUESDAY, 23 APR 2019
... case. Peters was previously a director of Australian Share Registry (ASR) - and both he and ASR were authorised representatives of Pulse Markets between March 2015 and May 2016. Pulse was only authorised to provide general advice and trade in equities ...