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| | | Investment management group Select Asset Management has acquired Australian financial services business Total Fund Services (TFS) today for an undisclosed amount. TFS provides specific regulatory services to Australian managed investment schemes, acting ... |
| | | | ... surrounding consolidation of accountancy and financial planning services, and the recent changes to Australian Financial Services Licenses by Minister for Financial Services & Superannuation, Bill Shorten. Steer said the wealth management division was ... |
| | | | Some accountants could have no choice but to take up the proposed Australian Financial Services License when it is finalised to retain their existing clients. Minister for financial services and superannuation Bill Shorten last week released draft regulation ... |
| | | | ... fund." Consumers will also benefit from competition driving down prices, said Shorten. A limited Australian Financial Services License was announced as part of The Government's Future of Financial Advice reforms. This will replace the current accountants' ... |
| | | | ... Australian finance businesses, but said that the amount would be "substantial." Right now, many Australian financial services companies are using European operations as a proxy for business in Asia, he said. Two of the first phases of the Investment ... |
| | | | ASIC has cancelled the Australian Financial Services (AFS) licence of Sydney-based Australian Performance Financial Planning, effective immediately. In April, the corporate regulator suspended the company's licence because it had been had been put under ... |
| | | | ... Future of Financial Advice (FOFA) reforms these accountants will have to gain a 'class of product' Australian Financial Services Licence. "We believe the legislative changes will provide an opportunity for accountants to grow and diversify their business ... |
| | | | Independent Australian Financial Services License (AFSL) provider Paragem has signed Ford + Scott Financial Planning Pty Ltd, after the Tasmanian-based business resigned from Westpac's Securitor AFSL. "We've enjoyed a long and successful relationship ... |
| | | | ... including Hobbs and the former Vanuatu company, Future Trading Corporation Ltd., none of whom held an Australian Financial Services licence, targeted Australian investors and self-managed superannuation funds. Nineteen defendants are named in the proceedings. ... |
| | | | ... regulatory change, such as FoFA, represents both a challenge and an opportunity in the highly competitive Australian financial services marketplace. Nick Frolich, executive manager of Wealth Management at GBST said to be FoFA compliant will be a challenge ... |
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