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Showing 71 - 80 of 177 results for "Statements of Advice"

Retail managed accounts option gains traction

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2017
... growth, according to director Neil Shellshear. Investors with a minimum amount of $20,000 receive no-fee Statements of Advice (SOAs) and will be charged based on a management and performance fee only. Depending on an investor's risk profile, options ...

ASIC calls on NAB to improve disclosure

JAMIE WILLIAMSON  |  FRIDAY, 7 JUL 2017
... products issued by NAB Group-related firms, including MLC-branded and boutique investment manager products. The Statements of Advice and Financial Services Guides provided failed to fully disclose the connection between each customer's adviser, the advice ...

Regulator bans adviser for seven years

JAMIE WILLIAMSON  |  FRIDAY, 23 JUN 2017
... less his own expenses and to have created insurance application forms, client file notes and profiles and statements of advice containing false information. At the time of the offences Gunner was a representative of GuardianFP. Commenting on the ban ...

Old technology costing advice industry

EMMA RAPAPORT  |  THURSDAY, 15 JUN 2017
... their Excel-based systems into an online application that can automatically generate documents including statements of advice and graphs via their proprietary technology Highlighter. One of the main barriers to taking up new technology, according to ...

Landmark advice reforms pass Senate

EMMA RAPAPORT  |  FRIDAY, 10 FEB 2017
... Life Insurance Framework is wider than the Bill. It includes broadening Approved Product Lists, simplifying Statements of Advice, and very importantly a life insurer Code of Practice. Progress has been made in these areas, but more work is required," ...

ASIC bans former AMP adviser

KERRIE SYDEE  |  MONDAY, 21 NOV 2016
... from 16 December 2011 to 2 April 2015. An ASIC investigation found that McCarthy had created and backdated Statements of Advice and Authority to Proceed documents and forged client signatures to comply with an AMP Financial Planning audit in March 2015. ...

ASIC bans deceptive adviser

KERRIE SYDEE  |  TUESDAY, 8 NOV 2016
... needs when recommending they invest in Protect Ensure Failed to provide appropriate advice Failed to provide Statements of Advice As a result of Karakatsanis' conduct, in part, clients' funds were improperly used to pay Protect Ensure's business related ...

ASIC bans Brisbane life adviser

KERRIE SYDEE  |  FRIDAY, 4 NOV 2016
... providing financial advice. ASIC's investigation found Young had failed to: Provide appropriate detail in Statements of Advice to allow clients to make informed decisions about his advice Keep proper records and in some cases created false or misleading ...

Another former AMP planner cops ban

JAMIE WILLIAMSON  |  WEDNESDAY, 21 SEP 2016
... banned Damian O'Rourke after it found he failed to provide appropriate advice, failed to provide clients with statements of advice (SoA) and borrowed considerable amounts of money from clients, most of which he did not repay. O'Rourke, of Brisbane, was ...

Libertas launches licensing to attract SMSF specialists

KERRIE SYDEE  |  TUESDAY, 3 MAY 2016
... package includes customised software that will guide the adviser through the compliance process and generates Statements of Advice (SOA). The software will also include a suite of client letter templates to use for unlicensed accounting work when providing ...