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Showing 31 - 40 of 142 results for "AFS licence"

AAT upholds AFSL cancellation

CHLOE WALKER | THURSDAY, 12 JAN 2023

... managed discretionary account (MDA) service and a superannuation rollover business. In March 2020, ASIC cancelled the AFS licence of the Gold Coast-based financial services business following concerns it had breached several of its legal obligations ...

ASIC bans married duo from providing financial services

ANDREW MCKEAN | FRIDAY, 11 NOV 2022

... client's account. An ASIC delegate found that the couple carried on a financial services business without holding an AFS licence from July 2015 until May 2021. Richard Marshall advised clients of his company, RT Marshall, many of whom were elderly, to ...

Charges laid against former BBY head of operations

CASSANDRA BALDINI | TUESDAY, 13 SEP 2022

... October 25. The matter is being prosecuted by the Commonwealth Director of Public Prosecutions. ASIC suspended BBY's AFS licence in May 2015 and it was placed into voluntary administration during the same month. The former stockbroking and financial ...

ASIC releases CCIV guidelines

CASSANDRA BALDINI | FRIDAY, 24 JUN 2022

... Despite this amendment, the corporate watchdog said it will still exercise scrutiny even if the applicant already has an AFS licence. The report further stated that ASIC will prioritise AFS licence applications from prospective corporate directors for ...

ASIC bans financial adviser for five years

ANDREW MCKEAN | FRIDAY, 20 MAY 2022

... ASIC also found Guan was not competent to provide financial services as he had failed to identify that he required an AFS licence to conduct a financial services business in Australia. Guan also failed to maintain adequate client records and breached ...

ASIC outlines cybersecurity expectations

JAMIE WILLIAMSON | FRIDAY, 13 MAY 2022

... requirements for individual licence holders. We do, however, expect licensees to address cyber risk as part of their AFS licence obligations, including risk management," the regulator said. Failure to comply with such expectations could result in ASIC ...

Advice firm rebrands, scores own AFSL

KARREN VERGARA | FRIDAY, 21 JAN 2022

The move to self-licensing continues to grow as a Victoria-based advice practice scored its own AFSL after operating under a dealer group for 13 years. Armed with a new AFSL, Retireinvest has rebranded to Templeton Advice Group. Templeton has three ...

Advice firm targets teen financial literacy

KARREN VERGARA | FRIDAY, 7 JAN 2022

... Financial advice regulator ASIC is going on the offensive and is currently looking at finfluencers who do not hold an AFS licence and meet educational requirements. It is also engaging with social media platforms and their moderators. Scifo says that ...

ASIC bans two Sydney based advisers

CHLOE WALKER | WEDNESDAY, 15 DEC 2021

... banned the directors of Premier Wealth Management from providing financial advice, while also stripping the firm of its AFS licence. The corporate regulator announced on Tuesday (December 14) it has banned Sydney-based financial advisers Gerald Cummings ...

Demand for niche advice firms increases

KARREN VERGARA | TUESDAY, 16 NOV 2021

Radar Results is seeing an uptick in demand for niche 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 ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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