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Showing 481 - 490 of 1906 results for "licensee"

Count Financial adds advice firm

KARREN VERGARA  |  TUESDAY, 30 NOV 2021
... in Sunbury. It was most recently part of the Nextplan and prior to that was licensed with Total Financial Solutions (a licensee that was owned by CountPlus). Financial Momentum director and financial adviser Matthew Holmes said: "We have ongoing relationships ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... Management is remediating more than $12 million to about 8000 members. Also on advice, ASIC alleges that Westpac's former licensee groups BT Financial Advice, Securitor Financial Group and Magnitude Group charged ongoing contribution fees for financial ...

Fortnum hires engagement and growth leads

KARREN VERGARA  |  THURSDAY, 25 NOV 2021
Fortnum Private Wealth made two senior hires who will oversee practice engagement and growth for the AFS licensee. Brisbane-based Simon Wright and Sydney-based Jaimie Ramsey joined Fortnum as practice engagement and growth managers as part of the licensee's ...

Are managed accounts living up to the hype?

ELIZABETH MCARTHUR  |  THURSDAY, 25 NOV 2021
... improved for financial advisers? Has advice documentation and admin actually reduced?" Bevan asked. Younger said as a licensee he is on the fence about whether they are. "There are still a number of impediments to implementing a managed accounts solution ...

APRA questions trustees on financial resilience

CHLOE WALKER  |  MONDAY, 22 NOV 2021
The Australian Prudential Regulation Authority (APRA) has issued a discussion paper seeking information from superannuation trustees on their plans to maintain the financial resilience needed to protect members' best financial interests. APRA's prudential ...

ASIC launches remediation review

KARREN VERGARA  |  WEDNESDAY, 17 NOV 2021
A new ASIC review will force licensees to improve identifying remediation issues and rectify and compensate consumers sooner. The corporate watchdog launched a new consultation with the advice industry to ensure that AFS licensees act efficiently, honestly ...

BT Practice Principals' Community goes independent

ELIZABETH MCARTHUR  |  TUESDAY, 16 NOV 2021
Former BT executive Kon Costas has spun out the institution's self-licensee offering, launching his own business. Now known as the Principals' Community, Costas has formed it as an independent and dedicated self-licensed offer with the objective ...

Demand for niche advice firms increases

KARREN VERGARA  |  TUESDAY, 16 NOV 2021
... areas of financial advice, which includes risk insurance businesses. Currently, there is demand from buyers for complete licensee groups with between 50 to 200 authorised representatives. Another area of demand is pure risk insurance businesses of any ...

Government advances adviser levy drop

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
The federal government is forging ahead with slashing the financial adviser levy by more than a third for those that provide retail advice. Corporate watchdog ASIC today updated its 2020-21 Cost Recovery Implementation Statement, which lays out how ...

BT closes self-licensee business

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 NOV 2021
BT will shutter its Practice Principals' Community (formerly known as BT Select or BT Open), with the head of the offering to depart BT to start an independent service for self-licensed practices. Kon Costas, who has been with BT for a decade and ...