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Showing 61 - 70 of 104 results for %22AFSL Register%22

Registration deadline extended: ASIC

ELIZABETH MCARTHUR  |  THURSDAY, 14 NOV 2019
... financial services licensees that they will not be in breach of the law because their financial advisers were not able to register with ASIC-approved compliances schemes. The original deadline for registering was 1 January 2020. ASIC has now granted ...

Adviser moves show industry upheaval

ELIZABETH MCARTHUR  |  TUESDAY, 5 NOV 2019
... Services Partners. One went to Australian Unity Personal Finance, one to Industry Fund Services and one to VicSuper. Another AFSL, Smart Solutions, showed 18 advisers registered in July but had ceased by October. Equipsuper went from four aligned advisers ...

Managed accounts hit milestone

ELIZABETH MCARTHUR  |  WEDNESDAY, 31 JUL 2019
... are Synchron, Merit Wealth, Interprac, Capstone, and Shaw And Partners Limited. The number of advisers in non-institutional AFSL groups is growing almost three times faster than the advisers using institutionally-owned licensees. The average FUA per ...

Spectrum Wealth representatives find new homes

ELIZABETH MCARTHUR  |  MONDAY, 29 JUL 2019
... entity, Freedom Insurance Group. ASIC previously notified Spectrum that it was considering suspending or cancelling Spectrum's AFSL. Freedom first indicated it would offload its administration and financial advice businesses in April. The embattled insurer ...

ASIC FAR, advice industry contract

JAMIE WILLIAMSON  |  MONDAY, 17 JUN 2019
... from just 11 advisers to more than 1080. The rapid and significant increase led ASIC to impose licence conditions on the AFSL earlier this year. At the time, Rainmaker analysis showed many that had joined had done so from Count Financial, CPA Australia ...

Advice dealer group shutters

HARRISON WORLEY  |  FRIDAY, 31 MAY 2019
... further business should be carried on under the agreements. According to Rainmaker analysis of the ASIC Financial Adviser Register, as at yesterday there are 33 financial advisers on Spectrum's books. Freedom said Spectrum will support authorised representatives ...

Former Beacon adviser banned

KANIKA SOOD  |  FRIDAY, 24 MAY 2019
... ban a person for reasons that include: failing to comply with licensee obligations; cancellation or suspension of person's AFSL; conviction for fraud; or ASIC believing the person in not of good fame of character. It also covers the instance or likelihood ...

YBR overhauls wealth arm

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
... distribute wealth products and provide wealth advice to their existing and future clients - it would be done under a separate AFSL with one or more third parties, Bouris said. "Going forward, the cost of maintaining YBR's AFSL and associated compliance ...

Major advice licensee in possible best interest breach

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
Extra conditions have been placed on the AFSL of one of Australia's biggest financial advice licensees following an investigation sparked by phenomenal growth in adviser numbers in just six months. SMSF Advisers Network has had additional licence ...

Federal Court shuts down Linchpin and Endeavour Securities

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
... not identify the nature of such transactions. The Federal Court said Linchpin operated the fund unlawfully and without an AFSL. The directors' conduct was likely to mislead or deceive, it said. Former Association of Independently Owned Financial Professionals ...