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Showing 81 - 90 of 1072 results for "Representatives"

Sequoia liquidates Libertas Financial Planning

KARREN VERGARA  |  FRIDAY, 1 SEP 2023
... deregistration, and the cancellation of its AFSL. Sequoia acquired Libertas in 2019, which at the time had 68 authorised representatives, in a bid to scale its financial advice offering. This was in exchange for 1.5 million fully paid ordinary shares ...

Guideway launches file note AI tool

KARREN VERGARA  |  THURSDAY, 24 AUG 2023
... request forms. Guideway is in the final stages of beta testing verbal paraplanning requests within its authorised representatives, he said. This version of FinTalk will also launch on September 1.

Madison FG, Godfrey Pembroke's PDG combine services

KARREN VERGARA  |  THURSDAY, 17 AUG 2023
... Together, they will have some $8 billion in funds under management and over 130 advisers. Madison had 73 authorised representatives overseeing $3 billion of FUA at the end of June, according to ASIC's Financial Adviser Register. Godfrey Pembroke ...

Advice from Shartru failed best interests duty, ASIC says

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2023
ASIC has imposed additional licence conditions on dealer group Shartru Wealth Management, saying representatives have not been adequately supervised, leading to some financial advice provided failing the best interests duty. The additional conditions ...

AMP loses BOLR changes class action

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... Buyer of Last Resort (BOLR) rules. In handing down its decision, the Federal Court found in favour of authorised representatives of AMP Financial Planning who challenged AMP's decision in 2019 to slash BOLR business valuations from 4x recurring revenue ...

ASIC permanently bans David Sutton

ANDREW MCKEAN  |  TUESDAY, 4 JUL 2023
... that was misleading and deceptive or was likely to mislead and didn't take reasonable steps to ensure McFaddens representatives didn't accept conflicted remuneration. The regulator added Sutton failed to exercise his power and discharge his duty with ...

Morrison Securities pays infringement over DTRs

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
... were recognised by Morrison's filters as aberrant orders and diverted to Morrison's Designated Trading Representatives (DTR) for review. The DTRs approved the six orders, which resulted in significant price variations in the relevant securities ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... scope of advice allowable for a fund; education standards required for an employee or representative; and holding representatives to an appropriate duty. Stream Three will examine the role for other institutions such as banks and insurers. "As Treasury ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
... members affected were vulnerable, obviously unable to monitor their accounts and were entirely reliant on the representatives of their estates." ASIC deputy chair Sarah Court said: "The AMP companies had been notified that these customers had died, and ...

US default risk: Are credit default swaps signalling trouble?

ANDREW MCKEAN  |  WEDNESDAY, 17 MAY 2023
... political partisanship. "Today's supercharged political partisanship - with Republicans controlling the House of Representatives and Democrats controlling the Senate and the White House - has only served to heighten market concerns that we might ...