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Showing 671 - 680 of 3996 results for "Personal"

SEC charges duo over church-based fraud

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... to investors $31 million in bad checks that bounced due to insufficient funds. They also used about $1.8 million for personal expenses, like vacations, entertainment, and payments for a luxury rental home. "As we allege in our complaint, Bartlett and ...

Finfluencer receives jail sentence

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
A finfluencer who used social media to manipulate the share price of 20 different listed stocks was handed jail time and a $40,000 fine. Gabriel Govinda, known online as Fibonarchery, received two and a half years imprisonment for market manipulation ...

Digitisation, personalisation key for advice firms: BlackRock

CHLOE WALKER  |  WEDNESDAY, 3 MAY 2023
In an exclusive interview with Financial Standard, BlackRock US wealth advisory group director Jim Renitsky said digitisation and personalisation at scale have become key differentiation points for adviser businesses. Reflecting on trends seen in the ...

Adopt QAR recommendations now: Levy

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... industry that such institutions already provide "general advice" and said the changes will simply mean the customer's personal circumstances will need to be taken into consideration, resulting in the best outcome for consumers. "It is true that some ...

Skynet fraudster terminated by ASIC

JAMIE WILLIAMSON  |  FRIDAY, 28 APR 2023
... Melbourne's Skynet Financial Services for stealing his clients' retirement savings to fund a lavish lifestyle and pay personal debts. Between 2013 and 2017, Terence Rio Nugara advised clients to withdraw their superannuation from their existing funds ...

Hostplus, IFS adopt 'mass-personalised' advice tool

JAMIE WILLIAMSON  |  FRIDAY, 28 APR 2023
Iress is rolling out a new tool providing simple, digital financial advice, with Hostplus and Industry Fund Services the first to take it up. The SuperSmart tool combines digital advice with member education, personalised via registry data, including ...

Lumiant acquires longevity app

KARREN VERGARA  |  FRIDAY, 28 APR 2023
Lumiant has acquired an app that helps financial advisers monitor clients' health, longevity and aged care risks that could impact retirement. Chicago-based Genivity, deemed a health analysis and longevity optimiser (HALO), will integrate into Lumiant's ...

Former adviser jailed for six years

JAMIE WILLIAMSON  |  WEDNESDAY, 26 APR 2023
... adviser was sentenced to six years behind bars for committing a $650,000 fraud, using clients' SMSF savings to pay off his personal debts. Appearing before the Maroochydore District Court, former adviser Brett Gordon faced nine counts of fraud relating ...

Former adviser jailed for nine years

KARREN VERGARA  |  MONDAY, 24 APR 2023
... company QBiotics and Gold Coast-based company Surf Lakes. In one example, Fineff dishonestly obtained $325,000 via a personal loan from Joyce Williams, who was 85 years old at the time. Fineff told Williams he would invest the funds in Sentinel shares ...

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... their direct access to their SMSF bank account and they are using this money to pay for items such as business debts and personal expenses," he said. Illegal early access occurs in two ways. The first, new registrants enter the system purely to illegally ...