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

Search Results

Showing 471 - 480 of 980 results for "AFSL"

500 advisers exit during COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
Rainmaker analysis of the ASIC Financial Adviser Register shows that just shy of 500 financial advisers have left the industry in the last two months. From 27 February 2020 to 23 April 2020 the ASIC FAR dropped from 23,226 advisers (excluding time share ...

Dealer group AFSL in limbo

ALLY SELBY  |  THURSDAY, 23 APR 2020
The suspension of MyPlanner Professional Services' AFSL is on ice as the Administrative Appeals Tribunal reviews ASIC's decision. It comes after the corporate watchdog suspended the advisory firm's AFS licence on February 12 on the grounds ...

Should unused services on AFSLs be subject to ASIC levy?

KANIKA SOOD  |  FRIDAY, 17 APR 2020
An AFSL holder asked the court to review its entreaty to ASIC to waive industry funding levy for services that it was licensed to offer but did not. Polymath Investors acquired an Australian Financial Services Licence in 2010 to work with wholesale ...

BAS agents to give financial advice

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
... Statement of Advice when doing so; permitted registered tax agents to give advice to existing clients about the scheme without an AFSL; and issued a temporary no-action position for super trustees to expand the scope of personal advice that can be provided ...

ASIC provides relief around early super access advice

JAMIE WILLIAMSON  |  TUESDAY, 14 APR 2020
... Advice (SOA) when doing so; permitted registered tax agents to give advice to existing clients about the scheme without an AFSL; and issued a temporary no-action position for super trustees to expand the scope of personal advice that can be provided ...

ASIC winds up three financial services companies

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
... companies and their solvency. ASIC's said investigations into each of the companies are ongoing. The regulator cancelled the AFSL of Marigold Falconer in August 2016 when the regulator was not satisfied that it could obtain insurance cover for the services ...

ASIC cancels slew of AFSLs

JAMIE WILLIAMSON  |  FRIDAY, 3 APR 2020
... unexpected events," its website reads. Your Super Life was found to have failed to comply with financial services laws and its own AFSL conditions. The company failed to lodge annual financial reports and auditor reports for 2017, 2018 and 2019. Finally ...

YBR national advice lead moves to Interprac

ELIZABETH MCARTHUR  |  FRIDAY, 3 APR 2020
... sale agreement with Interprac. The sale means current YBR Wealth advisers will become licensed by Interprac (which holds an AFSL within the Sequoia Group). Rainmaker analysis of the ASIC Financial Adviser Register shows a few of YBR advisers have left ...

William Buck boosts private wealth office

ELIZA BAVIN  |  WEDNESDAY, 1 APR 2020
... bespoke Private Office service and our broader wealth advisory team, which is the largest in South Australia with its own AFSL." Adrian Frinsdorf, William Buck's head of wealth advisory, said Bradley's appointment was reflective of the growth of the ...

Court confirms Storm Financial founders breached duties

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... Julie Cassimatis. In a two-to-one majority, the appeal was dismissed finding the duo breached their duties as directors of an AFSL. The court said the Cassimatis' had responsibilities including "ensuring that investors obtained from Storm (and particularly ...