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Showing 51 - 60 of 183 results for "Statements of Advice"

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 ...

YTML expands team, signs new client

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... consolidates multiple systems and solutions into an integrated platform with support document generation including Statements of Advice. YTML chief operating officer Piew Yap said: "We are excited to have an innovative group like Merit Wealth using Seido." ...

Former Financial Wisdom adviser banned

KARREN VERGARA  |  THURSDAY, 21 MAR 2019
... by forging client signatures, using false documents and back-dating documents. She also failed to provide Statements of Advice to clients; deleted records to conceal misconduct; and falsely witnessed signatures on death benefit nomination forms and arranged ...

AAT upholds AFSL rejection

OSKAH DUNNIN  |  TUESDAY, 15 JAN 2019
... under Merlea Investments Pty Ltd's employment. Brian Nash, a director of Merlea, told the AAT that "No statements of advice were authorised by Merlea and hence Michael Watson shouldn't have provided any advice to any clients." Despite these findings ...

ASIC permanently bans former Apogee adviser

KARREN VERGARA  |  TUESDAY, 18 DEC 2018
... of his clients. Following an investigation, ASIC determined Saad falsified figures and details in client statements of advice and adviser remuneration fee forms provided to Nulis and Apogee. He failed to act in the best interests of his clients and had ...