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Showing 501 - 510 of 940 results for "AFSL"

Former Gold Coast adviser banned

HARRISON WORLEY  |  MONDAY, 3 JUN 2019
... necessary to ensure the advice provided by its representatives was compliant". Renneberg was Austplan's sole director when its AFSL was cancelled last November and was an authorised representative from 1 March 2015 until 5 June 2018. Earlier, he was ...

Advice dealer group shutters

HARRISON WORLEY  |  FRIDAY, 31 MAY 2019
More than 30 financial advisers are left without a home as Spectrum Wealth Advisers shuts up shop. Freedom Insurance Group has today revealed Spectrum will close earlier than originally intended as it can no longer meet a "key person" requirement of ...

Former Beacon adviser banned

KANIKA SOOD  |  FRIDAY, 24 MAY 2019
... ban a person for reasons that include: failing to comply with licensee obligations; cancellation or suspension of person's AFSL; conviction for fraud; or ASIC believing the person in not of good fame of character. It also covers the instance or likelihood ...

YBR overhauls wealth arm

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
... distribute wealth products and provide wealth advice to their existing and future clients - it would be done under a separate AFSL with one or more third parties, Bouris said. "Going forward, the cost of maintaining YBR's AFSL and associated compliance ...

Multi-asset SMA launches

KARREN VERGARA  |  TUESDAY, 14 MAY 2019
... Resonant was founded in 2017 by directors and co-portfolio managers Nick Morton and Glen Holder. It recently acquired its own AFSL and is proud to be self-licensed, the founders said. The managers use a 'quantamental' approach, a blend of quantitative ...

Industry fund fined over independent advice claims

KARREN VERGARA  |  THURSDAY, 9 MAY 2019
... this relationship: Hostplus employees were appointed as authorised representatives to provide financial advice under IFS's AFSL; Hostplus paid service fees to IFS for adviser services; and Hostplus was a shareholder of IFS's ultimate holding company ...

Financial advice drags BTFG results

KARREN VERGARA  |  MONDAY, 6 MAY 2019
... date. Some Securitor and Magnitude authorised representatives are expected to move to a newly-established Viridian-owned AFSL and have until September 30 to transition. Overall, BTFG reported a cash earnings loss of $305 million, down 27% or about $64 ...

ASIC suspends advice group AFSL

ELIZABETH MCARTHUR  |  THURSDAY, 2 MAY 2019
ASIC has suspended the Australian financial services licence of a Sydney-based financial advice group. Australasia Wealth Services and Management failed to obtain membership of the Australian Financial Complaints Authority (AFCA), therefore breaching ...

Super startup to relaunch

HARRISON WORLEY  |  TUESDAY, 30 APR 2019
... involved in the venture, with Human Financial - the promoter of FairVine - being a corporate authorised representative of its AFSL. FairVine's website claims the fund asked women about their spending and saving habits, as well as what they believe ...

ASIC bans AFSL chief executives

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
... following an investigation. Jeffrey Worboys and Matthew Barnett were joint chief executives of Australian Mutual Holdings - an AFSL holder and responsible entity operating a number of managed investment schemes, including previously managing the Courtenay ...