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Showing 491 - 500 of 940 results for "AFSL"

Advice resilient under pressure: Research

ELIZABETH MCARTHUR  |  THURSDAY, 1 AUG 2019
... said Peker. The survey also highlighted the trend towards self-licensing. About 24% of those surveyed now operate their own AFSL or belong to a self-licensed boutique. About 55% intend to remain with their existing dealer group. However, Peker explained ...

Managed accounts hit milestone

ELIZABETH MCARTHUR  |  WEDNESDAY, 31 JUL 2019
... are Synchron, Merit Wealth, Interprac, Capstone, and Shaw And Partners Limited. The number of advisers in non-institutional AFSL groups is growing almost three times faster than the advisers using institutionally-owned licensees. The average FUA per ...

Spectrum Wealth representatives find new homes

ELIZABETH MCARTHUR  |  MONDAY, 29 JUL 2019
... entity, Freedom Insurance Group. ASIC previously notified Spectrum that it was considering suspending or cancelling Spectrum's AFSL. Freedom first indicated it would offload its administration and financial advice businesses in April. The embattled insurer ...

Managed investment scheme operator AFSL canned

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
The Australian financial services licence of a Sydney-based managed investment scheme operator was cancelled by ASIC. The corporate regulator cancelled the licence of Australian Mutual, which operated a number of investment schemes. The cancellation ...

ASIC boosts AFSL application requirements

HARRISON WORLEY  |  MONDAY, 8 JUL 2019
ASIC has altered the procedure it uses to assess Australian Financial Services Licence applicants, with many now required to provide more historic information to the corporate regulator. ASIC released information sheet 240 to help guide for AFSLs affected ...

Sydney advice firm loses AFSL

KANIKA SOOD  |  FRIDAY, 5 JUL 2019
A Sydney financial advice firm has had its AFSL cancelled by ASIC after an initial suspension period. ASIC earlier put Australasia Wealth Services and Management in suspension saying the firm had failed to obtain membership of the Australian Financial ...

ASIC to offer AFSL relief to overseas firms

HARRISON WORLEY  |  THURSDAY, 4 JUL 2019
... providers of funds management services to professional investors in Australia are exempt from the requirement to hold an AFSL. However, ASIC's proposal stipulates a cap will be applied, ensuring firms can only undertake a certain amount of activities ...

Self-licensing trend boosts ClearView offering

ELIZABETH MCARTHUR  |  TUESDAY, 25 JUN 2019
... suffered from the Royal Commission as being the perfect storm. That perfect storm has pushed many practices to obtain their own AFSL, which in turn has seen dealer services offerings like LaVista grow. "Many of the institutionally-aligned practices we've ...

ASIC FAR, advice industry contract

JAMIE WILLIAMSON  |  MONDAY, 17 JUN 2019
... from just 11 advisers to more than 1080. The rapid and significant increase led ASIC to impose licence conditions on the AFSL earlier this year. At the time, Rainmaker analysis showed many that had joined had done so from Count Financial, CPA Australia ...

Macquarie Securities cops ASIC penalty

KANIKA SOOD  |  MONDAY, 3 JUN 2019
... principal or agent), origin (a notation to identify the person on whose instructions Macquarie was acting) and intermediary (AFSL number of an intermediary using Macquarie's automated order processing system). "The MDP emphasised that the provision ...