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Showing 41 - 50 of 185 results for "Statements of Advice"

Adviser salaries unchanged: Research

ELIZABETH MCARTHUR  |  TUESDAY, 4 AUG 2020
... effective online processes are able to take advantage of these services. And for outsourced paraplanners to write Statements of Advice in-house paraplanners must send across detailed summaries. These figures are base salaries do not take into account ...

FPA accuses ASIC of price gouging

ELIZA BAVIN  |  MONDAY, 15 JUN 2020
... advice to individuals financially affected by COVID-19 about ERS, relief extending the period for giving Statements of Advice and relief to allow a Record of Advice to be given instead of a Statement of Advice in certain circumstances. De Gori said the ...

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... providers and platforms "set the rules" for advisers using them. And, for those who think robo-advice and digital Statements of Advice may be the answer, Yazbeck said in fact these solutions compound the problem. "They embed the very thing ASIC wants ...

Adviser guilty of misuse of client money

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
... for 10 years for providing advice that was not in the best interest of his clients and failing to provide statements of advice and fee disclosure statements. Melbourne-based Bimaljeet Sekhon was banned for three years for failing to comply with financial ...

Former Spectrum Wealth, NAB advisers banned

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
... reasonably inform her clients of all associated costs of holding a property within an SMSF and provide them with statements of advice. "In one instance, Myers advised her client to roll over existing life insurance to the newly established SMSF," ASIC ...

Could relief on advice compliance save consumers?

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... that will streamline the delivery of advice. Being able to do more through records of advice rather than Statements of Advice, for example." Anderson said he's conscious that an SOA is something clients might not be able to wait for in the current ...

Corrupt adviser banned, AFSL canned

ALLY SELBY  |  TUESDAY, 4 FEB 2020
... insurance and policy exclusions for some of the business' clients. ASIC also found that Shapter issued multiple Statements of Advice and inappropriate switching of advice to generate additional fees for himself. The majority of Shapter's clients were ...

Cbus head of advice launches firm

KANIKA SOOD  |  FRIDAY, 17 JAN 2020
... conflicted performance measures (such as measuring an adviser's performance by sales, FUM or the number of statements of advice) towards better performance measures, while maintaining commercial success. The second challenge is for industry super funds ...

Sophistication: More than money

ELIZABETH MCARTHUR  |  TUESDAY, 7 JAN 2020
... high net worth clients, even with someone with $60 million in investable assets, we are generally preparing statements of advice." Lane said where it might be pertinent to use the sophisticated investor definition is in accessing investment options that ...

SMSF adviser hit with ban

ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
... investment manager of Bateau Global Opportunities Fund. He failed to disclose those conflicts of interest in statements of advice to clients. The ASIC Financial Adviser Register shows Blazejczyk is a member of the SMSF Association, the Association of ...