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Showing 31 - 40 of 208 results for "Statements of Advice"

AAT slashes adviser ban

KARREN VERGARA | MONDAY, 8 JUL 2024

... Financial. ASIC's investigation found that Betalli failed to keep adequate records and gave non-compliant Statements of Advice (SoAs) by not including information about the basis of his advice, leading to his ban. ASIC said these failures showed ...

Platform reveals advice firms' top issues

KARREN VERGARA | FRIDAY, 24 MAY 2024

... tools to assess returns, and specifically about ChatGPT to help write clients' financial objectives for Statements of Advice. In superannuation discussions, advisers raised concern over the Australian Taxation Office's (ATO) delay in acknowledging ...

Adviser with Investport links sees ban affirmed

JAMIE WILLIAMSON | THURSDAY, 7 DEC 2023

... clients' interests and her own interests as she was the recipient of several loans from the scheme. Further, the Statements of Advice provided by Anderson were found to be non-compliant, lacking additional disclosures around costs and benefits lost because ...

Key advice reforms still coming, Jones promises

JAMIE WILLIAMSON | WEDNESDAY, 22 NOV 2023

... Minister for financial services Stephen Jones has confirmed the government remains committed to removing Statements of Advice and the Safe Harbour Steps, as well as accelerating changes to education requirements to meet increased demand for advice. Speaking ...

Paraplanners unfazed by QAR, AI: Survey

KARREN VERGARA | WEDNESDAY, 22 NOV 2023

... satisfaction, this is however, lower than the 69% reported in last year's survey. The QAR recommended that Statements of Advice (SoAs) should be replaced with an advice record that is more fit-for-purpose. However, in the first tranche of legislating ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA | TUESDAY, 14 NOV 2023

... opportunity to have deferred implementing key recommendations on abolishing the Safe Harbour Steps and simplifying Statements of Advice, which would achieve the most in reducing the regulatory cost burden on financial advice," he said.

Viridian launches new specialist division amid acquisition drive

ANDREW MCKEAN | TUESDAY, 12 SEP 2023

... advice firm, Enlightened Financial Solutions, planning to leverage its digital capabilities, such as video Statements of Advice (SoA). The deal aligns with Viridian's strategy to partner with top-tier advisers, underscoring a shared focus on digital ...

Financial advice firms profits jumps: Research

CASSANDRA BALDINI | WEDNESDAY, 6 SEP 2023

... streamlined fee consent was positive, while 6% said it has no impact, and 9% weren't sure. Regarding Statements of Advice only being provided on request, 57% found it a positive, 18% said it would have no impact, 10% saw it as a negative, and 15% ...

Strategic reset delivers for Count

JAMIE WILLIAMSON | WEDNESDAY, 30 AUG 2023

... It now has about 400 advisers. Overall, wealth revenues were up 17% to $18.1 million, and more than 25,000 Statements of Advice and Records of Advice were delivered to clients over the year. In terms of ongoing remediation efforts, as at June end $505 ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA | TUESDAY, 13 JUN 2023

... form, and the requirement to provide a fee disclosure statement will be removed, as per Recommendation 8. Statements of Advice (SoAs) will be replaced with an advice record that is more fit-for-purpose, with consultation to determine the final design ...

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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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