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Showing 431 - 440 of 1866 results for "broker"

Adviser cops 262 month jail sentence

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2019
A financial adviser in the US will spend the next 22 years in prison after he defrauded his own family out of millions. Treyton Lee Thomas has been sentenced to 262 months in prison for wire fraud and 60 months for tax evasion to run concurrently, as ...

Advice firm defrauds retired NFL players

JAMIE WILLIAMSON  |  TUESDAY, 3 SEP 2019
... pay his personal mortgage loans and never repaid. Howard and Reinhard also used the funds to pay themselves fabricated broker fees on settlement advance loans to Howard's clients, the SEC said. The hedge funds were operated out of Howard's law offices ...

Business savvy needed ahead of FASEA deadline

ELIZABETH MCARTHUR  |  THURSDAY, 29 AUG 2019
Connect Financial Service Brokers chief executive Paul Tynan gave financial advisers at the Association of Financial Advisers' National Conference some food for thought on succession planning and the state of the industry. Reflecting on the last 12 ...

Treasurer moves on broker remuneration

ELIZABETH MCARTHUR  |  TUESDAY, 27 AUG 2019
... Treasurer Josh Frydenberg announced the government will introduce a best interests duty for mortgage brokers and seek to reform broker remuneration. It is the next step in the government's response to the Royal Commission, releasing draft legislation ...

Best online brokers revealed

ELIZABETH MCARTHUR  |  THURSDAY, 22 AUG 2019
... customers in Australia. Bell Direct, CMC Markets and SelfWealth clients report the most satisfaction with their online broker. Bell Direct ranked first with 89% of clients reporting good or very good experiences with the online broker - CMC Markets and ...

Montgomery to launch small company fund

HARRISON WORLEY  |  WEDNESDAY, 21 AUG 2019
Montgomery Investment Management will launch a small companies fund in a joint venture with fund managers Gary Rollo and Dominic Rose. The Montgomery Small Companies fund will launch on September 20 after Montgomery struck a joint venture deal that ...

Charles Schwab reverses out of Australia again

KANIKA SOOD  |  MONDAY, 19 AUG 2019
... their Australian office. However, Charles Schwab will continue to serve their Australian customers through the US based broker-dealer Charles Schwab & Co, Inc. and their US based international teams," a spokesperson said. Up until last year, the company ...

Plato to raise $200 million

KRISTI CHENG  |  THURSDAY, 15 AUG 2019
... taking advantage of the higher income on offer from them" he said. The closing date for both the Entitlement Offer and the Broker Firm Shortfall Offer is 30 August 2019. This week, Magellan Financial Group also announced it plans to raise $275 million ...

Magellan posts bumper profits, raising $275m

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
... August 21 and will include a priority offer, a wholesale offer and a general public offer. Magellan is not appointing a broker syndicate for the raise. It will also cover the IPO costs through MFG. "We are addressing potential concerns regarding conflicted ...

Praemium FUA skyrockets

KARREN VERGARA  |  TUESDAY, 13 AUG 2019
Praemium saw funds under administration hit $16.1 billion over the last financial year, thanks largely to its off-platform managed accounts service. The ASX-listed platform's FUA shot up 108% in FY19 as a result of launching the Virtual Managed ...