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Showing 621 - 630 of 940 results for "AFSL"

MyPlanner enters ASIC radar

JAMIE WILLIAMSON  |  WEDNESDAY, 6 DEC 2017
Privately-owned dealer group MyPlanner has negotiated additional conditions on its AFSL after it was found to be providing poor financial advice and failing to adequately supervise its representatives. ASIC surveillance found there were MyPlanner advisers ...

Longstanding Godfrey Pembroke practice seeks own AFSL

JAMIE WILLIAMSON  |  MONDAY, 4 DEC 2017
... partnership with Godfrey Pembroke. NAB-owned Godfrey Pembroke is assisting Scholten Collins McKissock in transitioning to its own AFSL, in what the practice describes as a natural next step. "This is an exciting time for us in what is an ever-changing ...

Grant Samuel wins RE mandate

JAMIE WILLIAMSON  |  MONDAY, 4 DEC 2017
... entity of the Munro Global Growth Fund. Following approval by shareholders, GSFM has replaced Munro Asset Management - the AFSL holder for Munro Partners - as responsible entity of the fund. In June, GSFM and Munro Partners entered an agreement for GSFM ...

Former BBY adviser cops 10-year ban

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2017
... requirements. Separately, ASIC slapped an interim freezing order on a financial services company for operating without an AFSL. The regulator obtained interim injunctions from the Federal Court to restrain Gallop International Group, Gallop Asset Management ...

New consultancy bridges IFA support gap

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2017
... opportunity for the price to come down, he added. One challenge that comes with exiting a subsided system and setting an AFSL is the professional indemnity cover can go from $5000 or $6000 to up to $40,000. This might sound discouraging but on the other ...

Managed accounts platform doubles FUA

KARREN VERGARA  |  TUESDAY, 31 OCT 2017
... platform has greatly supported it as an independent licensee. "With a large practice in the process of leaving a CBA-owned AFSL and moving onto our licence, we were looking for a partner to add value to our client service and practice efficiency by automating ...

GPS robo-adviser launches

KARREN VERGARA  |  FRIDAY, 27 OCT 2017
... enable accountants using the self-managed superannuation fund software to indirectly provide financial advice without an AFSL. Golombick told Financial Standard at the time that under the partnership, clients can access advice efficiently and cost effectively ...

Fintech regulatory sandbox draft legislation released

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2017
... sandbox draft legislation in an effort to allow fintechs to test financial services and products without the burden of an AFSL. Treasurer Scott Morrison said the proposed legislative package supports the fintech industry which has propelled Australia ...

Regulatory costs unsustainable: FPA

KARREN VERGARA  |  THURSDAY, 28 SEP 2017
... noted that this cost is substantial for small licensees, making it almost prohibitive to establish a business under a new AFSL; it also creates a barrier to entry for small and single-adviser licensees. Time spent on meeting regulatory demands detracts ...

Cuffe to join Class board

EMMA RAPAPORT  |  THURSDAY, 14 SEP 2017
... A.S.A.P. Advice, a Tasmania-based digital advice platform that assists accountants provide SMSF services without the need of an AFSL, and Super Know How, a specialist superannuation service provider, also joined forces with Class in July to help scale ...