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Showing 61 - 70 of 95 results for "Independent advice"

Maurice Blackburn mulls class action against Macquarie

LAURA MILLAN  |  MONDAY, 18 AUG 2014
... investors in a far shorter timeframe." Hardwick also questioned the $5,000 offered to clients who want to obtain independent advice on Macquarie's assessment. "In some instances, this will be adequate, but in others it will be grossly inadequate," he ...

CBA, ASIC unveil details of new compensation scheme

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
... opportunity to raise issues. CBA was also found to be inconsistent when offering $5,000 so clients could obtain independent advice to assess whether CBA's review of their advice and any compensation offer was adequate. This information was made public ...

Fortnum ready to recruit advisers after ANZ stake buyout

LAURA MILLAN  |  WEDNESDAY, 6 AUG 2014
... grow by recruiting new practices. Following the buyout of the ANZ stake, Fortnum is among Australia's largest independent advice businesses. The multi-million dollar deal was a collective effort, with around 80% of Fortnum's 28 practices and 87 financial ...

CBA whistleblower casts doubts over compensation scheme

LAURA MILLAN  |  THURSDAY, 24 JUL 2014
... have received and any settlement that may be due as a result of that advice. It then extends to offer them independent advice from a customer advocate following the discussions with Commonwealth Bank people. If they're not happy with that outcome, it ...

CBA does not address "sketchy" info allegations

LAURA MILLAN  |  THURSDAY, 29 MAY 2014
... business," the bank reiterated, and added that "communication to customers and the offer to reimburse the cost of independent advice were not applied consistently." The committee expressed concern that "it may still not have a correct understanding of ...

CBA forced to review poor compensation methods

LAURA MILLAN  |  MONDAY, 19 MAY 2014
... to raise issues. They were also inconsistent when offering $5,000 to affected clients so they could obtain independent advice to assess whether CBA's review of their advice and any compensation offer was adequate. CBA admitted in a statement that "the ...

Former NAB adviser launches non-aligned platform

JAMES FERNYHOUGH  |  THURSDAY, 13 MAR 2014
Former NAB Private Wealth adviser Sarah Hackney has launched a new open architecture independent advice platform, called Full Circle Wealth Management. The new business, backed by former Ellerston Capital chief executive Glenn Poswell, is aimed primarily ...

Performance, fees still major retention risk

ALEX DUNNIN  |  FRIDAY, 29 NOV 2013
... When seeking advice on super fund switching, less than 20% of people on average perceived they were getting independent advice from bank aligned financial advisers.

Investec launches banking products for advisers

LAURA MILLAN  |  MONDAY, 18 NOV 2013
... planning sector with the launch of a personal banking offering for advisers. The bank already works with about 250 independent advice firms and manages approximately $750 million of client funds, but it will now start to provide financial products to ...

Centrepoint appoints new chief executive

MARK SMITH  |  THURSDAY, 4 APR 2013
... arising from the various regulatory changes, market consolidation and the desire by advisers to provide quality independent advice to their clients. "In addition, the premium funding business presents strong growth opportunities and a potential strategic ...