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Showing 711 - 720 of 1224 results for "Licensees"

Melbourne advice firm cops historic $1 million fine

JAMIE WILLIAMSON  |  MONDAY, 30 OCT 2017
... deputy chairman Peter Kell said: "This outcome makes clear to the industry the serious consequences of financial services licensees failing to comply with their FOFA obligations. ASIC will continue to pursue licensees who fail to do so." In addition ...

Mastering education skillsets will be long-term: Research

JAMIE WILLIAMSON  |  THURSDAY, 12 OCT 2017
... that many of you already have acquired to be recognised by others. This work has now shown that regulators, academics, licensees, advisers, clients and consumers all agree that you need more than technical skills to be a competent adviser," he said. ...

Increased scrutiny driving regtech need

JAMIE WILLIAMSON  |  TUESDAY, 10 OCT 2017
Kaplan Professional is urging financial advisers and their licensees to embrace regtech solutions in the face of ASIC's recent crackdown on non-compliance. Kaplan and Red Marker - which was acquired by Kaplan earlier this year - are working together ...

Powerwrap names new chief executive

JAMIE WILLIAMSON  |  TUESDAY, 10 OCT 2017
... Speaking as a current client of Powerwrap, Davidson said advisers and their clients are moving away from bank-aligned licensees and platforms in search of something unique in the high net worth investor segment with the highest-level of customer service. ...

ASIC outlines industry funding costs

ALEX BURKE  |  MONDAY, 9 OCT 2017
... services will pay a minimum levy of $10,000 which will be graduated based on revenue from activities. For Australian market licensees and exchange operators, levies will be graduated based on the value of transactions traded on each exchange. Market ...

Industry helps shape new adviser expectations

JAMIE WILLIAMSON  |  FRIDAY, 6 OCT 2017
... an exciting moment because through collaboration and a continuous consensus process; advisers, consumers, academics, licensees and manufacturers have built a model of all the skills and competencies needed to be a financial adviser," AFA general manager ...

Advisers flock to non-insto licensees

ALEX BURKE  |  SUNDAY, 1 OCT 2017
... dealer groups captured more than 70% of this growth, according to Rainmaker research. While institutionally-aligned licensees still represent 65% of the country's financial advisers, the research suggests this figure may drop in the coming years, attributing ...

Regulatory costs unsustainable: FPA

KARREN VERGARA  |  THURSDAY, 28 SEP 2017
... adviser's business, the cost of complying with the "unsettled regulatory requirements" impacts on the competitiveness of licensees, the submission said. Small licensees don't have the capacity to absorb the costs emanating from stricter regulation, forcing ...

Managed Accounts Holdings acquires competitor

JAMIE WILLIAMSON  |  TUESDAY, 26 SEP 2017
... investor queries around the implementation process of a managed discretionary account and superannuation service for licensees, outlining the various associated requirements. MGP said that following the initial execution of a Memorandum of Understanding ...

ASIC toughens MDA suitability rules

KARREN VERGARA  |  THURSDAY, 14 SEP 2017
... 'discrete MDA provider' and the adviser is then known as an 'external adviser'. Where you have that situation, there are two licensees who are providing a service, Wivell Plater added. ASIC is requiring the MDA operator now to undertake a suitability ...