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Showing 81 - 90 of 248 results for "Statement of Advice"

AFA expands support for paraplanners

ELIZABETH MCARTHUR  |  MONDAY, 22 JUL 2019
... Contract Paraplanning Services, an outsourcing service that matches financial advisers with paraplanners for Statement of Advice production and other administrative tasks. "I am honoured to be the inaugural leader of Pulse and look forward to collaborating ...

AMP bolsters managed portfolio offering

HARRISON WORLEY  |  WEDNESDAY, 3 JUL 2019
... managed portfolio transactions are generally centrally implemented - and not requiring the production of a statement of advice for every transaction.

ASIC bans adviser over super theft

ELIZABETH MCARTHUR  |  THURSDAY, 23 MAY 2019
... of another two of the 14 companies. It was also alleged he directed an employee to construct a back-dated Statement of Advice which was presented to his licensee, the now defunct AFS Group, in order to attempt to defend a complaint that was being investigated. ...

Former Millennium3 adviser banned

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
... disclosed fees in percentage terms rather than dollar values, failing to comply with the requirements for a Statement of Advice (SOA). Forster was an authorised representative of now-defunct Breakaway Finance Group from 2012 to 2014. Forster then moved ...

Major advice licensee in possible best interest breach

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... advisers failed to demonstrate compliance with the best interest duty and related obligations. The watchdog found Statement of Advice (SOA) documents used by the group contained heavily templated wording and many files lacked evidence to support adviser ...

ClearView defends risk advice commissions

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
... tax incentive should be expanded to fees such as ongoing personal advice and preparing a financial plan or Statement of Advice, it proposed. ClearView shares last traded at 85.5 cents at publication time.

Sunsuper introduces advice fee caps

JAMIE WILLIAMSON  |  THURSDAY, 28 FEB 2019
... the account balance is less than $50,000, Sunsuper will not authorise payment of the fee without sighting a Statement of Advice. For ongoing fees, the price is capped at the lower of $6600 or 1.1% of the balance per annum (including GST) and payable ...

ASIC bans former NAB, CBA advisers

JAMIE WILLIAMSON  |  THURSDAY, 24 JAN 2019
... submitted to insurers on behalf of two clients, and implemented advice to four clients before providing a Statement of Advice. This occurred between December 2011 and August 2015 while Nguyen was an authorised representative of GWM and continued while ...

VicSuper updates digital advice offering

HARRISON WORLEY  |  TUESDAY, 22 JAN 2019
... 2018, 22% of the members using Beeline were millennials, and 19% of those millennials have since generated a statement of advice. VicSuper chief executive Michael Dundon said the tool bolstered the fund's other financial advice offerings. "Beeline complements ...

Collaboration needed for AI and machine advice programs

OSKAH DUNNIN  |  TUESDAY, 15 JAN 2019
... become an ideal candidate for automated solutions." Symons suggested if industry associations wanted efficient statement of advice (SOA) review solutions to be developed, "then we need to come together and collaborate...working together is going to be ...