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Showing 5291 - 5300 of 17959 results for "Bank"

RECAP: Advice in the Royal Commission spotlight (Days 1 - 3)

KANIKA SOOD  |  THURSDAY, 19 APR 2018
... Michael Hodge pursued a line of questioning that revealed CBA slashed adviser numbers even as it grew its client base.The bank took two years to notify ASIC that its financial advisers were failing to meet ongoing service obligations. See also: Why wait ...

Sales director moves from Legg Mason

HARRISON WORLEY  |  WEDNESDAY, 18 APR 2018
... sales at Legg Mason Australia and New Zealand, and earlier was an investment manager at Media Super. Before that he was ME Bank head of treasury sales, and during his nineyear career at the bank he held various roles including institutional manager (cash ...

Royal Commission latest: CBA doing more with fewer advisers

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
It took Commonwealth Bank two years to notify ASIC its financial advisers were failing to meet ongoing service obligations - all during a time when it slashed adviser numbers and doubled its client base. This is according to CBA executive general manager ...

AI comes to SMSF administration

HARRISON WORLEY  |  WEDNESDAY, 18 APR 2018
... added BGL had been adding new data feeds consistently over the last year. "Over the past 12 months we have added numerous bank, broker, wrap and platform data fees bringing the total number to an industry leading 200+ integrations," he said.

Former Suncorp adviser banned

HARRISON WORLEY  |  WEDNESDAY, 18 APR 2018
A former Suncorp Financial Services financial adviser has copped a four-year ASIC ban after the regulator found the adviser failed to act in the best interests of his clients. The adviser in question, Gerald Grubwinkler from Queensland, failed to adequately ...

Industry welcomes final Better Banking report

HARRISON WORLEY  |  WEDNESDAY, 18 APR 2018
... are to be achieved," McPhee said. Commenting on the final report, Westpac chief executive Brian Hartzer highlighted how the bank had implemented changes outside of just the Better Banking initiatives. "At Westpac, in addition to implementing the industry's ...

ASIC hits former NAB adviser with permanent ban

ALEX BURKE  |  WEDNESDAY, 18 APR 2018
ASIC permanently banned an adviser who worked for a NAB-aligned licensee for about a decade. Grant Taylor was the principal of TFG Advice Solutions, an authorised representative of NAB-owned GWM Adviser Services, from 2003 to 2013. During that time ...

Why wait for Royal Commission to address trust?

HARRISON WORLEY  |  WEDNESDAY, 18 APR 2018
... to be served by staff that were more professionally qualified, with three in five consumers stating they would trust their bank more if its staff had professional standards. The findings released by FINSIA arrive amid ongoing revelations emanating from ...

CFSGAM prepares IPO, names board candidates

DARREN SNYDER  |  TUESDAY, 17 APR 2018
... an initial public offering and listing on the Australian Securities Exchange following a strategic review from its parent bank. Commonwealth Bank announced this afternoon it had completed the review of its global investment management business and determined ...

RC findings bring shame on advice industry: social media

ALEX BURKE  |  TUESDAY, 17 APR 2018
Multiple social media commentators suggested the findings revealed in today's inquiry have brought shame on the financial advice industry. Today's inquiry focused largely on AMP and the 90-day exception rule which enabled the group to charge fees for ...