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Showing 41 - 50 of 177 results for "Statements of Advice"

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 ...

Paraplanners tackle compliance challenges

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 NOV 2019
... to the individual while achievable within an appropriate time frame. Docker said she reviews hundreds of Statements of Advice and finds that over and over again, goals are not specific enough or lack all of the key elements that make a goal compliant. ...

Countdown to FPA Congress

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2019
... Tate-Lovery said the panel session providing FASEA exam insights on day two and another on the future of Statements of Advice have proven most popular. Other hot topics to be discussed at the Congress include how culture leads performance, building trustworthy ...

No one reads the PDS: ASIC

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... for us to do what we want. For example, firms can make products easy to get into, but hard to get out of." Statements of advice also came under fire in the report, with ASIC and AFM finding that SOAs cannot provide consumers with skills, knowledge and ...

Technology coming for advice jobs

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 SEP 2019
... generates in seconds what takes paraplanners hours or even days. It also has the ability to read all the statements of advice ever written by the advice firm to maintain tone and structure. "Bots may not entirely replace humans, but their ability to ...

Industry Fund Services adopts regtech solution

KRISTI CHENG  |  FRIDAY, 13 SEP 2019
... reviewed and checked at a faster rate. Advice providers are already starting to introduce automated review of Statements of Advice to fulfil compliance requirements. IFS, however, will be one of the first licensees to use a machine learning AI platform ...

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... said he also recommended high risk investments contrary to clients' risk appetites and failed to provide statements of advice, product disclosure statements or fee disclosure statements. ASIC found Michael engaged in unlicensed financial advice beyond ...

Former Gold Coast adviser banned

HARRISON WORLEY  |  MONDAY, 3 JUN 2019
... needs, objectives and circumstances of his clients. ASIC added Renneberg also failed to provide clients with statements of advice to demonstrate the advice he provided and the information on which he provided it. ASIC commissioner Danielle Press said= ...

Former Dover, Securitor adviser banned

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
... needs or objectives than their existing products. ASIC said Chigwidden also failed, in some cases, to provide Statements of Advice and Records of Advice to clients when he was required to do so. When he did provide those documents however, he failed ...

Editor's Choice

Early release of super scammers cop prison time

KARREN VERGARA
Three people will go to prison after pleading guilty to defrauding the COVID-19 early release of superannuation scheme for $103,500.

Super funds slash external mandates by 54%

KARREN VERGARA
The number of investment managers winning institutional mandates has tanked 54% in less than two years as superannuation funds ramp up the in-house management of assets, Rainmaker Information research reveals.

ASIC tells super funds to 'step it up'

ELIZA BAVIN
ASIC commissioner Simone Constant delivered a stern warning to super fund trustees.

Brookfield bids for majority stake in Neoen

ANDREW MCKEAN
Brookfield and its institutional partners have lobbed a bid to acquire a 53% majority stake in French renewable energy company Neoen.

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