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Showing 31 - 39 of 39 results for "Record of Advice"

Managed portfolios vital for SMSF diversification

KERRIE SYDEE | THURSDAY, 8 SEP 2016

... said. "One admin example is when a portfolio manager changes a portfolio the adviser doesn't have to supply a record of advice (ROA) to clients. The adviser is not making the decisions or the changes to the investments and as a result don't need to supply ...

FEATURE: Managed accounts - more than meets the eye

ALEX BURKE | FRIDAY, 4 SEP 2015

... says, "under the traditional, non-discretionary model, that's a very difficult thing to do. They have to do a record of advice for each change in asset allocation, send out the paperwork, the client has to sign it and then they can implement it, and ...

Advice firm ditches platform, adopts MDA

STAFF WRITER | TUESDAY, 26 MAY 2015

... self-managed super fund and want to invest directly in broad range of investments without the hassle of responding to a Record of Advice when there are changes to their portfolio," MEDIQ managing partner Ravi Agarwal said. The firm, which mainly caters ...

CFS upgrades FirstChoice and FirstWrap platforms

MARK SMITH | TUESDAY, 7 MAY 2013

... of client accounts and enhanced administration support. Improvements to FirstChoice will see it combine a new Record of Advice (RoA) tool with model portfolio implementation. These latest upgrades will be combined with a new corporate actions capability ...

ASIC MDA review requires further clarity: IMAP

ALICE URIBE | TUESDAY, 30 APR 2013

... an earliest effective date of 2015, and has requested ASIC makes it clear that a review can be taken through a Record of Advice (ROA), rather than a requiring a full Statement of Advice (SOA). A final key proposal made by IMAP in its submission to ASIC ...

Industry cheers red tape cuts

... Accountants in Australia (ICAA). According to the proposed laws, financial planners will only need to provide a Record of Advice (RoA) as opposed to a full Statement of Advice (SoA) for individuals investing less than $15,000. Planners also don't have ...

Advice shortage shows system is failing: TOWER

ALEX DUNNIN | FRIDAY, 15 JUN 2007

... clients unless they have large amounts of investable assets. For these smaller customer, we obviously just need a "record of advice," he said. However, the compliance hurdles are more damaging for consumers seeking advice on insurance. "The proposed ...

FPA opposes creation of product sellers

... responsibility in choosing a particular product will be almost entirely theirs." The FPA has also questioned the proposed 'record of advice' threshold of $10,000, stating that it is too low as most clients seeking advice will have more than $10,000 and ...

At long last some logic on FSR streamlining

ALEX DUNNIN | FRIDAY, 17 NOV 2006

... the recommendation of a product and no remuneration is received for, or in relation to, the advice." Instead, a Record of Advice would be required if the amount being advised on is less than $10,000. The proposals also said the Australian and Securities ...

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BT appoints new head of strategy

KARREN VERGARA | 10:47AM

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI | 12:24PM

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI | 12:21PM

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO | 12:09PM

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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