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Showing 31 - 40 of 183 results for "Statements of Advice"

ASIC bans two Sydney based advisers

CHLOE WALKER  |  WEDNESDAY, 15 DEC 2021
... controlling an entity that carries on a financial services business. ASIC said it found Cummings "failed to give Statements of Advice when there had been significant changes in clients' circumstances and the basis for the advice". "He engaged in misleading ...

Financial Advice Hub goes live

KARREN VERGARA  |  WEDNESDAY, 8 DEC 2021
... improve access to affordable personal advice. It recently launched more guidance on Records of Aadvice and Statements of Advice. ASIC is due to release an advice snapshot summarising common terminology and advice concepts. Separately, ASIC published ...

Asendium partners with licensee support firm

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
... day comprehensive and personalised advice that include fact finds, strategy papers, file notes and instant Statements of Advice in a matter of hours, Asendium chief executive Scott Miller said. My Dealer Services director Alexander Everard commented ...

AFA slams new SOA measures

KARREN VERGARA  |  WEDNESDAY, 7 JUL 2021
... for causing "confusion" and "interfering" with financial advice as they look to introduce new changes to Statements of Advice. The association points to the regulators' joint letter dated June 30, which advised trustees to review SOAs with respect to ...

ASIC takes action against Equiti

KARREN VERGARA  |  FRIDAY, 21 MAY 2021
... existing superannuation accounts into the SMSF; and purchase a property via the SMSF. Court documents show that Statements of Advice were prepared "was made in the absence of advice to the effect that the client take time to consider carefully the recommendation ...

FSC proposes new advice model

KARREN VERGARA  |  MONDAY, 19 APR 2021
... model would be an improvement on the way the industry currently communicates." The FSC suggests abolishing Statements of Advice (SOAs), claiming they are out of date. In its place is the Letter of Advice, providing a substantially shortened and relevant ...

ASIC bans adviser over dodgy super consolidation

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
... give general advice. In doing this, Bhandari failed to act in clients' best interests and failed to provide statements of advice. ASIC also cancelled Australian Dealer Group's licence, finding that its business model was "not designed to comply with ...

ASIC reviewing risk advice, pushes for scaled advice

ANNABELLE DICKSON  |  WEDNESDAY, 14 OCT 2020
... participants whether that be in a video, podcast or by providing checklists or with more examples of short statements of advice. "I think it is a matter of the regulators working all together and I recognise there is more that ASIC can do," she said. ...

Adviser salaries unchanged: Research

ELIZABETH MCARTHUR  |  TUESDAY, 4 AUG 2020
... effective online processes are able to take advantage of these services. And for outsourced paraplanners to write Statements of Advice in-house paraplanners must send across detailed summaries. These figures are base salaries do not take into account ...

FPA accuses ASIC of price gouging

ELIZA BAVIN  |  MONDAY, 15 JUN 2020
... advice to individuals financially affected by COVID-19 about ERS, relief extending the period for giving Statements of Advice and relief to allow a Record of Advice to be given instead of a Statement of Advice in certain circumstances. De Gori said the ...