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Showing 451 - 460 of 817 results for "Advice Business"

Advice not yet a real profession: Kell

ALEX BURKE  |  TUESDAY, 17 APR 2018
In his statement to the Royal Commission, ASIC deputy chair Peter Kell argued financial advice is not yet a profession. Kell told Special Counsel Assisting Rowena Orr that while there are professionals in the industry, "we do not view the industry as ...

AMP's buyer of last resort measures scrutinised

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... became apparent to Regan in 2017 that there were significant problems with the governance and oversight of AMP's advice business. One such example was issues that arose out of an internal business rule that clients could continue to be charged fees without ...

ASIC lifts licence conditions on CountPlus subsidiary

KANIKA SOOD  |  MONDAY, 16 APR 2018
ASIC has lifted the licence conditions it imposed on a CountPlus subsidiary after it paid $2.5 million in remediation to its clients following a compliance issue in 2015. In September, 2015 ASIC placed additional licence conditions on Total Financial ...

Netwealth sells Pathway

JAMIE WILLIAMSON  |  FRIDAY, 13 APR 2018
Netwealth has offloaded its Pathway subsidiary to a large financial services technology provider. Pathway Licensee Services was acquired by IRESS for an undisclosed amount on 1 April. The platform provider confirmed the sale in a quarterly update to ...

CBA advice failures unacceptable: Comyn

DARREN SNYDER  |  FRIDAY, 13 APR 2018
Commonwealth Bank chief executive Matt Comyn apologised for the group's financial advice failures as two CBA planning subsidiaries entered an enforceable undertaking with ASIC - all before the financial services Royal Commission tackles advice on Monday. ...

Link Fund Solutions chief to depart

JAMIE WILLIAMSON  |  TUESDAY, 10 APR 2018
The chief executive of Link Fund Solutions has resigned to take on a new role with a $133 billion fund administrator. Andy Harrison has been appointed as the new chief executive of Mainstream Fund Services, Australia. Taking on the role in October ...

Technology for advisers by advisers

JAMIE WILLIAMSON  |  FRIDAY, 6 APR 2018
... through a formal investment management agreement. "In order to be able to be appointed as an investment manager the advice business must demonstrate a strict governance framework and experienced investment committee with independent members. The challenge ...

Link Advice chief departs in business restructure

ALEX BURKE  |  WEDNESDAY, 4 APR 2018
... advice." Link Fund Administration chief executive Suzanne Holden added: "Link is very excited about the future of our advice business." "Bringing our market leading digital advice capabilities together with our experience and expertise in telephone and ...

Adviser builds new practice under Elders banner

DARREN SNYDER  |  WEDNESDAY, 28 MAR 2018
... for the business." Zwarts said she joined Elders to partner with a group which could "assist me to build a great advice business." "EFP has the capabilities in place to provide me with cutting edge practice development, compliance, technical and education ...

Managed accounts climb to $57bn

ALEX DUNNIN  |  TUESDAY, 27 MAR 2018
The managed accounts sector climbed 46% last year to reach $57 billion by December 2017, according to the latest Institute of Managed Account Professionals market census. The results show that managed accounts are growing three times faster than other ...