Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 451 - 460 of 600 results for "Authorised Representative"

WealthSure undertakes major reform of the business

LAURA MILLAN  |  TUESDAY, 3 SEP 2013
WealthSure is undertaking a full reform of its business after it entered into an enforceable undertaking following concerns by the Australian Securities and Investments Commission (ASIC) over poor compliance and failure to monitor advisers' actions. ...

ASIC accepts enforceable undertaking from WealthSure

LAURA MILLAN  |  MONDAY, 2 SEP 2013
WealthSure, WealthSure Financial Services and the former chief executive of both companies, Darren Pawski, will be put into an enforceable undertaking (EU) until 2018. The Australian Securities and Investments Commission (ASIC) has accepted an EU from ...

PIS could face class action over "inadequate" advice

LAURA MILLAN  |  THURSDAY, 29 AUG 2013
Slater & Gordon are considering a class action against Professional Investment Services (PIS) after retail investors face losses from the collapse of a Queensland olive farm investment scheme. Over 350 Australians had ploughed approximately $25 million ...

WealthSure faces restructure after Court case

LAURA MILLAN  |  FRIDAY, 23 AUG 2013
Perth-based WealthSure has terminated 90 authorised representatives following a Federal Court case against the group and the appointment of a new chief executive. A Federal Court document revealed that WealthSure chief executive Darren Pawski has been ...

Wealthsure adviser guilty to criminal charges

LAURA MILLAN  |  WEDNESDAY, 21 AUG 2013
... formerly of Minto, New South Wales, pleaded guilty to 22 counts of using a false instrument. Veitch was an authorised representative of WealthSure from December 2005 to February 2010. During this time, he admitted to 21 counts of using false withdrawal ...

AFS advisers question payment model

LAURA MILLAN  |  FRIDAY, 16 AUG 2013
Former AFS Group advisers are questioning the method through which advisers get paid after a Court ruling has made it unlikely that they will receive the money they are owed by the dealer group. In the financial advice space, dealer groups usually set ...

AFS advisers denied access to brokerage account

LAURA MILLAN  |  WEDNESDAY, 14 AUG 2013
The Federal Court of Australia has denied access by former Australian Financial Services Group (AFS) advisers to the money in a brokerage account of the group, which would pay for some of the money owed to advisers. The account holds about $1.9 million ...

Accountants ready to access HUB24 platform

LAURA MILLAN  |  FRIDAY, 9 AUG 2013
Members of the National Tax Accountants Association (NTAA) will be able to access HUB24 after the organisation reached an agreement with the platform provider. HUB24 parent company Investorfirst has signed a platform distribution agreement with InterPrac ...

FoFA could lock advisers into licensees for life

LAURA MILLAN  |  FRIDAY, 26 JUL 2013
... investment clients outside their existing dealership may lose their commission-based revenue. Also, if an authorised representative wants to move from one licensee to another to receive a lower dealer-service-fee arrangement or some other benefit, then ...

Count goes "social" in hunt for accountancy business

ALICE URIBE  |  WEDNESDAY, 17 JUL 2013
Count Financial (Count) is using social media platforms as part of its strategy to attract accountancy firms to work under its Australian Financial Services Licence (AFSL). Count chief executive David Lane told Financial Standard that it is using Twitter ...