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Showing 31 - 40 of 100+ results for "AFSL"

ClearView adds advice growth role

ANNABELLE DICKSON  |  THURSDAY, 15 APR 2021
... in the market at the moment with many advisers exploring their options including switching licensees or gaining their own AFSL," he said. "ClearView is in a unique position because it has the ability to continuously invest in its offer and the flexibility ...

Time running out for claims licences

ELIZABETH MCARTHUR  |  FRIDAY, 9 APR 2021
... settling services after 30 June 2021." The requirement for those involved with insurance claims handling to be covered by an AFSL is one of the reforms to come out of the Royal Commission. Claims handling and settling services were previously excluded ...

Junk insurance lands Westpac in court

KARREN VERGARA  |  THURSDAY, 8 APR 2021
... those circumstances was a failure by Westpac to do all things necessary to ensure that the financial services covered by its AFSL were provided efficiently, honestly and fairly," court documents read. The action follows ASIC's investigation of 11 major ...

Count snaps up three former MLC firms

ELIZABETH MCARTHUR  |  THURSDAY, 1 APR 2021
... has over 20 years' experience as a financial adviser. "The biggest drawcard for joining Count Financial is that they are an AFSL that believes in advice first, with no conflicts of interest in manufactured product," Stevens said. "They are not aligned ...

Multiples paid for client books dip

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
... from 2.3x-2.8x. Radar Results founder John Birt said financial advisers who have sold their clients and moved them off their AFSL can sell their AFSL, a process in which the buyer will acquire the company that owns the asset or the AFSL. "Directors and ...

ASIC drops Caddick charges

ELIZABETH MCARTHUR  |  TUESDAY, 30 MAR 2021
... misappropriating investor funds through her company Maliver and was posing as a financial adviser even though she did not have an AFSL. The day Caddick went missing, ASIC raided her home to search for evidence. ASIC clarified that it had to withdraw ...

HGL acquires Supervised Investments

ELIZABETH MCARTHUR  |  FRIDAY, 26 MAR 2021
... Australia. Supervised Investments already had an investment agreement with HGL for The Supervised Fund but operated under its own AFSL. Supervised Investments has been brought into the HGL group as a wholly owned and managed fund manager. HGL said it ...

Aware to restructure advice offering

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 MAR 2021
... they actually are," Aware group executive, advice and financial planning Sarah Forman said. Aware integrated the StatePlus AFSL into the fund in 2019 when it was still known as First State Super. At the start of 2020 First State had 232 financial advisers ...

Perpetual's Garry Laurence starts boutique

KANIKA SOOD  |  MONDAY, 22 MAR 2021
... US-based value manager Barrow Hanley after paying about $465 million to buy a 75% stake in the latter. Laurence received an AFSL for his new boutique last month and is now raising for a "founder class" of units in his global equities strategy. The boutique ...

Trading platform slapped with licence conditions

KARREN VERGARA  |  MONDAY, 15 MAR 2021
... obligations and must appoint an independent expert to review these areas of concerns. Last January, ASIC suspended AxiCorp's AFSL for four months after finding that it failed to comply with certain financial services laws. Among those breaches include ...