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Showing 61 - 70 of 150 results for "Australian Financial Services License"

Report finds fresh barriers to funds management exports

MARK SMITH  |  WEDNESDAY, 29 JUN 2016
There has been very little progress in removing barriers preventing the export of Australian financial services seven years after the release of the Johnson report. Now a new survey of fund managers reveals the situation could even be worse than before ...

Synchron lands payroll tax win

KERRIE SYDEE  |  TUESDAY, 14 JUN 2016
Leading non-institutional licensee, Synchron, has won its battle on payroll tax that would have had major financial implications for Australian licensees. After a five year legal battle, the State Revenue Office (SRO) Victoria has issued a letter to ...

ASIC cracks down on "independent" AFSLs

ALEX BURKE  |  THURSDAY, 3 MAR 2016
ASIC has requested that three Australian financial services licensees "remove or amend" claims about their independence. Wilson HTM, iSelect Life and Citywide Insurance Brokers and Financial Planners have complied with ASIC's request after the regulator ...

Investec buys stake in equity crowdfunding fintech

ALEX BURKE  |  TUESDAY, 9 FEB 2016
Investec has purchased a 20% stake in Equitise, an equity crowdfunding business. Created in 2014, Equitise has been a forerunner in the Australian equities crowdfunding sector, working alongside regulatory shifts to accommodate this new form of investment. ...

ASIC accepts J.P. Morgan enforceable undertaking

ALEX BURKE  |  THURSDAY, 19 NOV 2015
ASIC has accepted an enforceable undertaking from three J.P. Morgan companies. The entities affected are J.P. Morgan Securities plc, J.P. Morgan Securities (Asia Pacific) and J.P. Morgan Securities LLC, about which ASIC said it had "concerns" following ...

Macquarie set to pay $14m to advice clients

LAURA MILLAN  |  MONDAY, 2 NOV 2015
... financial planners going back to 2 March 2004, when Macquarie Private Wealth (MPW) obtained its Australian financial services license (AFSL). Overall, Macquarie Group reported a net profit after tax of $1.07 billion for the half year to 30 September ...

XTBs added to Praemium, HUB24 super platforms

ALEX BURKE  |  WEDNESDAY, 21 OCT 2015
Exchange-traded bond (XTB) units have been added to HUB24 and Praemium's superannuation platforms. XTBs provide retail investors access to units of individual corporate bonds issued by the top 50 ASX-listed companies. As of today, they are available ...

ANZ restructures advice licensees

LAURA MILLAN  |  FRIDAY, 4 SEP 2015
ANZ will bring together the management teams of two of its financial planning licensees and as a result Millennium3 chief executive Richard Klipin will step down from his role. ANZ will consolidate the management teams of Millennium3 and Financial Services ...

Crowd equity funding, the Ashley Madison of finance

LAURA MILLAN  |  FRIDAY, 28 AUG 2015
If Ashley Madison users made adultery cheaper and easier, what's holding crowd equity funding from doing the same with financial services? The Centre for International Finance and Regulation (CIFR) has recommended that crowd equity funding should be ...

Ignition Wealth appoints inaugural chairman

LAURA MILLAN  |  FRIDAY, 21 AUG 2015
... Meurer. Ignition Wealth recently became the first local robo-advice firm to be granted an Australian financial services license (AFSL) ahead of its planned September launch. The company's online advice service is built on its white-labeled financial ...