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Showing 771 - 780 of 1135 results for "Representatives"

WealthSure undertakes major reform of the business

LAURA MILLAN  |  TUESDAY, 3 SEP 2013
... independent non-executive directors to the board. The dealer group has also terminated more than 100 authorised representatives following an internal investigation. "The vast majority of advisers retained in the network are good advisers," WealthSure ...

ASIC accepts enforceable undertaking from WealthSure

LAURA MILLAN  |  MONDAY, 2 SEP 2013
... consumers. A Federal Court document recently revealed that the Perth-based dealer group has terminated 90 authorised representatives following a court case against the group. Also, a former WealthSure adviser pleaded guilty to 22 criminal charges following ...

PIS could face class action over "inadequate" advice

LAURA MILLAN  |  THURSDAY, 29 AUG 2013
... Whitwell said that it is likely that most investors were introduced to the investment on the advice of authorised representatives of Queensland-based Australian financial services licensee PIS. "Our investigations also indicate PIS advisors failed to ...

WealthSure faces restructure after Court case

LAURA MILLAN  |  FRIDAY, 23 AUG 2013
Perth-based WealthSure has terminated 90 authorised representatives following a Federal Court case against the group and the appointment of a new chief executive. A Federal Court document revealed that WealthSure chief executive Darren Pawski has been ...

AFS advisers question payment model

LAURA MILLAN  |  FRIDAY, 16 AUG 2013
... establish that the funds in the brokerage account are wholly or in part the beneficial property of the authorised representatives of AFS." The ruling makes it almost impossible for advisers to get their money back. Former AFS adviser Brett Strong told ...

AFS advisers denied access to brokerage account

LAURA MILLAN  |  WEDNESDAY, 14 AUG 2013
... account holds about $1.9 million coming from commissions and fees generated by AFS Group advisers and authorised representatives. AFS Group was placed into voluntary liquidation last May after a creditors' meeting and BDO Australia administrators Rachel ...

Accountants ready to access HUB24 platform

LAURA MILLAN  |  FRIDAY, 9 AUG 2013
... SMSF funds. InterPrac Financial Planning is an AFSL holder, a member of NTAA advice and has over 90 authorised representatives with over $1 billion in funds under advice. "Issues that were key for us included independence, technology, fees, product flexibility ...

ASIC wants more adviser record-keeping rules

LAURA MILLAN  |  THURSDAY, 1 AUG 2013
... Australian financial services licensees", ASIC asks planners to keep records to prove that the licensee and its representatives have complied with the best interests duty and related obligations. It also reminds advisers that they must keep records of ...

Yellow Brick Road amends staff authorisations after ASIC concerns

MARK SMITH  |  FRIDAY, 26 JUL 2013
... concerns from the regulator. YBR has directly authorised more than 100 people working in its branches as credit representatives. However, the Australian Securities and Investments Commission said that the national credit licensing framework also required ...

FoFA could lock advisers into licensees for life

LAURA MILLAN  |  FRIDAY, 26 JUL 2013
... grandfathering commissions. Radar Results, which specializes in mergers and acquisitions alerted that authorised representatives who wish to sell their commission-based financial planning investment clients outside their existing dealership may lose ...