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Showing 731 - 740 of 1277 results for "AFS"

Former BBY adviser cops 10-year ban

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2017
A former BBY financial adviser has been banned for 10 years, while an ex-CBA adviser pleaded guilty to forging client documents, corporate regulator ASIC said. ASIC banned Perth-based Sergio Nicolo Belardo, a former authorised representative of stockbroking ...

New consultancy bridges IFA support gap

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2017
The rate financial advisers are leaving vertically integrated channels has motivated two industry experts to establish a "ruthlessly independent" community. GreenZone Australia co-founder and partner, Geoff Rimmer, said a significant number of advisers ...

Managed accounts platform doubles FUA

KARREN VERGARA  |  TUESDAY, 31 OCT 2017
Managed accounts provider WealthO2 doubled its funds under administration to $200 million in three months. Managing director Shannon Bernasconi said growth was based on referrals only, with specific demand from advisers seeking a better way to manage ...

GPS robo-adviser launches

KARREN VERGARA  |  FRIDAY, 27 OCT 2017
Plenty Wealth, a robo-adviser that combines human advice has officially launched. Co-founders Josh Golombick and Greg Einfeld said Plenty Wealth provides a financial roadmap and acts like a "GPS service" in terms of financial goals, covering automated ...

Fintech regulatory sandbox draft legislation released

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2017
The Federal Government has released regulatory 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 ...

Advisers face tax registration risk

EMMA RAPAPORT  |  FRIDAY, 29 SEP 2017
... you act now and check that your contact details are up to date," Taylor said. "If you are an Australian financial services (AFS) licensee, remind your authorised representatives to update their details."

Regulatory costs unsustainable: FPA

KARREN VERGARA  |  THURSDAY, 28 SEP 2017
The Financial Planning Association of Australia believes increased red tape across the advice industry will not only reduce competition but see consumers bear the brunt of additional compliance costs. In its submission to the Productivity Commission's ...

Cuffe to join Class board

EMMA RAPAPORT  |  THURSDAY, 14 SEP 2017
Financial services veteran Chris Cuffe is likely to add another directorship to his hat, standing for nomination to the Class board. Class chairman Matthew Quinn said the board was delighted to nominate a director for election with "such a strong background ...

Broaden ASIC banning powers: Report

KARREN VERGARA  |  THURSDAY, 7 SEP 2017
... financial services and credit sectors. ASIC can currently prevent individuals from providing financial services and cancel an AFS license - it cannot stop them from managing a financial firm or remove individuals involved in managing a firm that may ...

Small licensees are PI insurance compliant: ASIC

KARREN VERGARA  |  WEDNESDAY, 30 AUG 2017
... meeting professional indemnity (PI) insurance obligations, according to an ASIC investigation. ASIC's review included 56 small AFS licensees with 20 or less authorised representatives and revenue of $2 million or less. It aimed to determine if the licensees ...