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Showing 971 - 980 of 1277 results for "AFS"

Planning firms mispriced on knowledge blacks spots

MARK SMITH  |  MONDAY, 3 JUN 2013
A lack of knowledge among vendors is leading to disparities in the prices being paid for planning practices and client books, according to Chris Wrightson, director of specialist business adviser and broking firm Centurian Market Makers. According to ...

AFS goes into liquidation

LAURA MILLAN  |  FRIDAY, 31 MAY 2013
The Australian Financial Services (AFS) Group has been placed into voluntary liquidation, according to the Australian Securities and Investments Commission (ASIC). The resolution to wind up the company was made yesterday by creditors. At the same time ...

Paragem FUA reaches $1.9bn after new mergers

LAURA MILLAN  |  FRIDAY, 24 MAY 2013
Paragem Australian Financial Services Licence (AFSL)'s funds under advice (FUA) has reached $1.9 billion after three practices joined the group between May and June 2013. The practices are all fee-based and look after more than $280 million FUA, which ...

ASIC takes aim at charitable investment funds

JAMES FERNYHOUGH  |  TUESDAY, 21 MAY 2013
... regulations. The first option is to "remove all existing exemptions for new investment fundraising, except exemptions from the AFS licensing requirements of the Corporations Act for fundraisers that only raise investment funds from associated entities." ...

Planner numbers drop on FoFA changes

ALICE URIBE  |  FRIDAY, 17 MAY 2013
Overall numbers of financial planners have dropped by 2% from a 2012 high point of 18,545 in 2012 according to recent Rainmaker research. According to the research there are currently 18,096 planners in Australia, with a loss of 450 from 2012. "On the ...

Retail business bumps up AMP in Q1

ALICE URIBE  |  THURSDAY, 9 MAY 2013
... performance by its retail business on AMP platforms has contributed to a $387 million bounce back for AMP Financial Services (AFS) in the first quarter this year. AMP Limited reported to the Australian Securities Exchange (ASX) this morning that AFS ...

ASIC warns planners, be careful who you hire

JAMES FERNYHOUGH  |  TUESDAY, 7 MAY 2013
... The warning follows a string of actions against licensees for failing to comply with their Australian financial services (AFS) licences. One result of this is that representatives implicated in ASIC's crackdown, are seeking employment with other licensees. ...

Former AFS executive appointed at BT

LAURA MILLAN  |  TUESDAY, 7 MAY 2013
Former Australian Financial Services Group (AFS) head of Strategic Development Meaghan Unsworth has been appointed senior product development manager at BT Financial Group. Unsworth's LinkedIn profile shows that she was appointed on May and she had ...

SPAA approves government's response to Trio reports

LAURA MILLAN  |  TUESDAY, 30 APR 2013
... continue to advocate for such a scheme where clients have suffered financial losses because of the misconduct or insolvency of an AFS licensee, and that the compensation should be funded by a levy imposed on that sector of the industry where the misconduct ...

Count eyes accounting firms

LAURA MILLAN  |  TUESDAY, 30 APR 2013
Count Financial (Count) sees great opportunity for accountants to provide financial advice, and is training 11 accounting firms to become autorised representatives of Count. On July 1, 2013, accountants will be able to provide advice under new conditional ...