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Showing 41 - 50 of 59 results for "Senior Counsel Assisting"

Westpac obscured bad adviser reference check

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... the same NAB hybrid securities on the same day. BT Financial Advice general manager Michael Wright told Senior Counsel Assisting Rowena Orr that recommending clients invest in the securities without considering if it was appropriate for their individual ...

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
... years, Wright said. Ironically, Wright's LinkedIn profile describes himself as a "sales professional", Senior Counsel Assisting Rowena Orr pointed out. Wright said he personally wants the industry to move to a fee for service model - like AMP's Anthony ...

ROYAL COMMISSION: Top stories

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
... between 1 January 2008 and 30 June 2015. In opening the Royal Commission's inquiry into financial advice, Senior Counsel Assisting Rowena Orr provided a summary of the three submissions made by AMP and related entities. AMP acknowledged it has engaged ...

RC questions adviser sales tactics

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... industry and that the profession is far from earning the public's trust. "We haven't earnt it yet," he told Senior Counsel Assisting Rowena Orr. Ironically, Orr pointed out that Wright's LinkedIn profile describes himself as a "sales professional." The ...

Royal Commission case study: advice put retirement in ruins

JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
... McDowall was brought to tears relaying her experience with a Westpac financial adviser in 2015. Answering to Senior Counsel Assisting Rowena Orr, McDowall explained how she sought the assistance of the Melbourne adviser to implement a retirement income ...

Dead advice clients slugged ongoing service fees

JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
... that had died. Referring to a document from a December 2015 CBA risk and compliance committee meeting, Senior Counsel Assisting Michael Hodge told the Commission of an instance in which service fees were charged to a client that passed away in 2007 by ...

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

KANIKA SOOD  |  THURSDAY, 19 APR 2018
... executive general manager of the private banking division, Marianne Perkovic, also began her testimony. Senior Counsel Assisting Michael Hodge pursued a line of questioning that revealed CBA slashed adviser numbers even as it grew its client base.The ...

Royal Commission latest: CBA doing more with fewer advisers

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
... Perkovic, who fronted the afternoon session of the financial services Royal Commission on Wednesday. Senior Counsel Assisting Michael Hodge referenced a memo sent to CBA senior staff dated 3 May 2012, detailing concerns about ongoing service obligations ...

AMP platform fees laid bare

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
... deducted would be to call AMP's call centre, which would then be carried out by the operations team. When Senior Counsel Assisting Michael Hodge asked if there was any reason why AMP couldn't do more to facilitate the legislative rules and make it easier ...

Outgoing CEO name removed from critical AMP report draft

ALEX BURKE  |  TUESDAY, 17 APR 2018
... removed outgoing chief executive Craig Meller's name from a draft of a critical report about the business. Senior Counsel Assisting Michael Hodge referred to the Clayon Utz report prepared about misconduct in the advice business. He took AMP advice head ...