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Showing 961 - 970 of 1277 results for "AFS"

Former Everest CEO banned from financial services

LAURA MILLAN  |  THURSDAY, 27 JUN 2013
... Committee (ASIC). For the next two years he will not be able to provide financial services, hold an Australian financial services (AFS) licence and be employed by a financial services company. ASIC accepted Reid's EU following an investigation into his ...

Robbie Bennetts takes stake in Beacon

MARK SMITH  |  THURSDAY, 27 JUN 2013
... Sydney and Brisbane. Beacon group managing director Peter Daly, who was chief executive of Australian Financial Services (AFS), also announced that the group has signed on to use OneVue's Unified Managed Account (UMA) investment platform. Daly said Beacon ...

AFA Adviser of the Year hands back AFSL, joins Affinia

LAURA MILLAN  |  WEDNESDAY, 26 JUN 2013
Adviser Troy Edmondson has handed back his Australian financial services licence (AFSL) and is going to joining Affinia because compliance obligations were taking him away from his clients, he said. Edmondson has handed back the licence of Queensland-based ...

Whittaker Macnaught advisers to operate under Financial Wisdom

LAURA MILLAN  |  TUESDAY, 25 JUN 2013
Former Whittaker Macnaught advisers will operate under Commonwealth Bank-owned Financial Wisdom Australian Financial Services Licence (AFSL). Commonwealth Bank Wealth Management Advice said that this was the last step of its decision to close the Whittaker ...

Accountants eye full AFS licence

LAURA MILLAN  |  MONDAY, 24 JUN 2013
The accountant community is showing interest on getting a full Australian financial services (AFS) licence rather than a limited one, Count Financial (Count) chief executive David Lane told Financial Standard. Count has been in talks with over one hundred ...

ASIC releases more detail on limited AFS licence

LAURA MILLAN  |  MONDAY, 17 JUN 2013
... Securities and Investments Commission (ASIC) has released guidance on applying for a limited Australian financial services (AFS) licence. The guide establishes the exact definition of a limited AFS licence and it gives more details on the steps needed ...

Big groups court AFS advisers with inducements

LAURA MILLAN  |  THURSDAY, 13 JUN 2013
Australian Financial Services (AFS) Group practices have been offered substantial financial deals to join bigger groups after the group entered into administration, according to a former AFS chief executive. Beacon Financial managing director former ...

AIOFP to provide Instreet structured products

LAURA MILLAN  |  WEDNESDAY, 12 JUN 2013
The Association of Independently Owned Financial Professionals (AIOFP) has partnered with Instreet Investment to offer structured products to its members. The partnership is a response to the growing investor demand for tailored financial products that ...

Employed advisers could face $200k liability under FoFA

JAMES FERNYHOUGH  |  TUESDAY, 11 JUN 2013
... legal requirement for employed advisers to be appointed as ARs. They can provide financial services under their employer's AFS licence without it," she said. "If an employed adviser is not an AR, these fines won't apply to them." Violations of the Best ...

TASA necessary for customer protection: accountants

LAURA MILLAN  |  WEDNESDAY, 5 JUN 2013
... tax to advice for ages," Ling said. "The inclusion of financial planners into TASA comes at the same time that the limited AFS licence for accountants, so it puts everyone on the same playing field." Ling admitted that there are still grey areas, but ...