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Showing 881 - 890 of 1277 results for "AFS"

Non-aligned licensee inquiries to rise in 2015

LAURA MILLAN  |  MONDAY, 17 NOV 2014
Independence, the flexibility to build an approved product list and cheaper, more advanced technology and platforms are encouraging more advisers to leave large licensees and strike out on their own. The big four banks and AMP have collectively seen ...

ASIC to watch CBA advisers closely

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
The Australian Securities and Investments Commission (ASIC) has appointed a compliance expert to examine the performance of advisers at Commonwealth Financial Planning and Financial Wisdom. KordaMentha Forensic will review past activities by Commonwealth ...

Libertas FP to offer SMA portfolios

STAFF WRITER  |  WEDNESDAY, 12 NOV 2014
Independent firm Libertas Financial Planning has added Bellmont Securities separately managed accounts (SMA) to its approved product list. The offering includes the Bellmont Core Equities Portfolio, which is a blue-chip equities portfolio, giving investors ...

ASIC takes SMSF property spruikers to court

LAURA MILLAN  |  WEDNESDAY, 12 NOV 2014
... declarations that Park Trent is unlawfully carrying on a financial services business without an Australian financial services (AFS) licence. ASIC is also seeking orders requiring Park Trent to notify current and former clients about the proceeding and ...

New Fortnum advice business targeting accountants

MARK SMITH  |  WEDNESDAY, 12 NOV 2014
Independently-owned advisory firm Fortnum Financial Group has launched a new business targeting accountants aiming to become licenced to provide financial advice. Fortnum Professional Strategies will provide class of product licensing as well as education ...

BTFG earnings up 16%

MARK SMITH  |  MONDAY, 3 NOV 2014
... performed well, Australian Financial Services [of which BTFG is apart] has had a particularly strong year. All businesses in AFS delivered double digit earnings growth, with well managed margins and a 6% increase in banking customer numbers."

Government clarifies adviser register funding

LAURA MILLAN  |  MONDAY, 27 OCT 2014
... register of financial advisers will raise $5 million over the next four years by increasing the Australian Financial Services (AFS) licensee annual lodgement fee with the Australian Securities and Investments Commission (ASIC). A spokesperson for Finance ...

Funding for the government's adviser register unclear

LAURA MILLAN  |  FRIDAY, 24 OCT 2014
... the government saying that the money will come via a $5 hike in the annual lodgement fee for Australian Financial Services (AFS) licensees. A statement from Minister for Finance and Acting Assistant Treasurer Mathias Cormann said: "the register will ...

ASIC demands last resort compensation scheme

LAURA MILLAN  |  MONDAY, 20 OCT 2014
... Financial System Inquiry (FSI). ASIC noted that the effectiveness of professional indemnity (PI) insurance "is limited where an AFS licensee is in external administration and more generally as a result of the limitations of PI insurance as a consumer ...

One third of risk advisers non-compliant, ASIC says

JAMES FERNYHOUGH  |  THURSDAY, 9 OCT 2014
... Commission (ASIC) has said. ASIC reviewed more than 200 advice files from large, medium and small Australian financial services (AFS) licensees. It found that while the majority were compliant, 37% of the advice given failed to comply with laws relating ...