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Showing 531 - 540 of 940 results for "AFSL"

Adviser asked to cover regulator costs

KANIKA SOOD  |  MONDAY, 18 FEB 2019
... financial advice to clients to set up SMSFs to facilitate the purchase of investment properties in Australia without holding an AFSL," ASIC said. "Mr Gardner, as the sole director and responsible decision-maker for Advanced Wealth, was knowingly concerned ...

Westpac mulls sale of in-house planners

JAMIE WILLIAMSON  |  WEDNESDAY, 13 FEB 2019
... Melbourne-based wealth management firm to offload about half of the planners attached to the Westpac Banking Corporation AFSL. The deal would see the buyer net about 150 of the top revenue-writing WBC planners, and the remainder of the business would ...

Financial Standard launches FS Aspire CPD

DARREN SNYDER  |  MONDAY, 11 FEB 2019
... identified gaps in the market regarding content around various topics that are important to financial advisers with their own AFSL," Financial Standard director of technical services Giovanni Munoz said. FS Aspire CPD includes audio, video and written ...

ASIC gears up for Brexit

KANIKA SOOD  |  MONDAY, 11 FEB 2019
... the potential impacts on 298 UK firms operating in Australia. This includes 285 UK firms operating in Australia under an AFSL exemption, five UK market operators which hold an Australian market licence and six operating under exemption notices. "ASIC ...

Hayne report raises professionalism stakes

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
... is essentially their livelihood." The licensee won't be relieved from their compliance and monitoring duties. However, AFSL holders would be required to report serious compliance concerns to the proposed disciplinary body. Under this framework, Hayne's ...

Hayne stops short of dismantling vertical integration

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... industry more broadly. This is despite Hayne recognising that conflicts of interest would likely be reduced by separating AFSL holders authorised to issue financial products and AFSL holders authorised to give financial product advice. He also noted ...

AFSL reference checking protocols required

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... 912A of the Corporations Act, Hayne suggested. He has also called for quarterly reporting of serious compliance concerns by AFSL holders to ASIC. The Government also agreed to this, stating: "The Royal Commission has highlighted concerns around the current ...

OPINION: Post RC, where to now for retail super?

ALEX DUNNIN  |  MONDAY, 4 FEB 2019
After a damning report card by the Royal Commission, the big question is where to now for retail superannuation and its advisory network ecosystem? At least we know what's not part of the answer: the status quo. Retail superannuation may not be ...

Synchron renews calls on risk advice separation

KANIKA SOOD  |  FRIDAY, 1 FEB 2019
... advice," he said. Trapnell has long advocated for licensees to be hold a specialist Australian Financial Services Licence (AFSL) to deal in financial planning advice and/or life insurance. A licensee could then choose to hold one or, as Synchron would ...

Former JPMAM executive joins boutique advice group

JAMIE WILLIAMSON  |  FRIDAY, 1 FEB 2019
... Asset Management Australia has opted for a tree change, relocating to regional New South Wales for a new role with a boutique AFSL. Stephen Alcorn has joined privately-owned Profile Financial Services as an associate financial adviser in its Mudgee office. ...