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Showing 41 - 50 of 208 results for "Statements of Advice"

ASIC bans former Madison adviser

CASSANDRA BALDINI  |  TUESDAY, 6 JUN 2023
... adviser did not act in the best interests of clients, failed to provide appropriate advice, and gave defective statements of advice to clients that contained numerous misleading statements and omissions. The regulator further alleged Vick had a business ...

Venture capital rout rattles advice technology sector

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... TIQK, a startup that provided an automated and objective assessment of financial advice, promising to audit Statements of Advice within a matter of seconds. Founded by Lane Cipriani in 2016 and led by Steve Brown as chief executive between 2019 and 2021 ...

Viridian picks up advice firm

CHLOE WALKER  |  WEDNESDAY, 19 APR 2023
... Financial Group has acquired a Queensland-based boutique advice firm, with plans to leverage its use of video Statements of Advice (SoAs). Viridian has acquired Enlightened Financial Solutions, founded by chief executive and Financial Standard Power50 ...

Advice complaints decelerate: AFCA

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
... find themselves in a dispute. To minimise this, he urged advisers to ensure that clients fully understand Statements of Advice (SOA), and to provide them with clarity in documentation in "plain English ensuring consumers understand the type of advice ...

Advice group convicted of hawking

JAMIE WILLIAMSON  |  WEDNESDAY, 22 FEB 2023
... appropriately be delivered in isolation," ASIC said. Carcallas was also found to have provided defective Statements of Advice to clients that, among other things, didn't accurately disclose fees incurred. Following on from that, on Monday the Southport ...

Regulation should be balanced: Levy

ANDREW MCKEAN  |  WEDNESDAY, 1 FEB 2023
... suggested things like reducing the steps in the safe harbour or reducing some of the content requirements for statements of advice, removing annual consent requirements for ongoing fee arrangements, or expanding special exemptions. "But none of these ...

Mixed outlook for paraplanning: Study

ANDREW MCKEAN  |  FRIDAY, 20 JAN 2023
... issues facing paraplanning at the moment is the Quality of Advice Review and its draft proposals regarding Statements of Advice (SoAs). Concerning the cost of advice, KPMG research commissioned by the Financial Services Council (FSC) found the average ...

ASIC accepts EU firm from advice firm

CASSANDRA BALDINI  |  TUESDAY, 15 NOV 2022
... caught ASIC's attention following concerns the firm and its authorised representatives failed to provide Statements of Advice (SoA) to clients as required by the Corporations Act. The investigation identified the firm and its authorised representatives ...

Tech providers support QAR SOA proposals

CASSANDRA BALDINI  |  THURSDAY, 29 SEP 2022
... planning technology providers have agreed with the Quality of Advice Review's (QAR) proposal to remove Statements of Advice. Advice Intelligence founder and chief executive Jacqui Henderson said QAR chair Michelle Levy makes a critical point, consumers ...

A sensible roadmap: Industry responds to QAR paper

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... accessible. Her recommendations include removing the best interests duty, removing the requirement to provide Statements of Advice, and allowing superannuation funds to provide personal financial advice. She has also suggested scrapping 'general ...