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Showing 81 - 90 of 129 results for "Wholesale clients"

MyState advice arm grows

JAMIE WILLIAMSON  |  FRIDAY, 18 AUG 2017
... financial planning business. Our income funds outperformed their benchmarks and higher demand from retail and wholesale clients helped increase funds under management by 8% to $1.09 billion at 30 June 2017, up from $1.01 billion a year earlier," MyState ...

UBS cops $280,000 ASIC fine

ALEX BURKE  |  FRIDAY, 16 JUN 2017
... time priority to other orders relating to the same product and price parameters. Ten retail clients and 536 wholesale clients were affected by this, although ASIC noted that the retail clients suffered no financial loss; the loss to wholesale clients ...

ASIC cancels AFSL, bans former executives and fund managers

JAMIE WILLIAMSON  |  TUESDAY, 30 MAY 2017
... financial product advice, deal in a financial product and provide custodial or depository services to retail and wholesale clients, and make a market in foreign exchange contracts and derivatives products to wholesale clients. ASIC found Gallop had failed ...

Poor compliance sees AFSL suspended

JAMIE WILLIAMSON  |  MONDAY, 1 MAY 2017
... financial product advice and custodial or depository services other than investor directed portfolio services for wholesale clients. ASIC commissioner John Price said: "Licensees are required to lodge financial statements and auditor reports with ASIC ...

Advisers to foot $24m bill

KERRIE SYDEE  |  TUESDAY, 8 NOV 2016
... on Tier 2 products only to retail clients will pay a $1500 flat levy, general advice providers to retail and wholesale clients will pay a $920 flat levy and wholesale advice providers to only wholesale clients will pay a $170 flat levy. The levies have ...

ASIC cancels AFSL of global firm

KERRIE SYDEE  |  THURSDAY, 18 AUG 2016
... number of classes of financial products, including derivatives, securities and superannuation for both retail and wholesale clients. Marigold Falconer was established in 1997 as Falconer Woods & Company; in 2011 the firm formed an alliance with Hong ...

PMIIG licence cancelled

MARK SMITH  |  FRIDAY, 5 AUG 2016
... obligations. PMIIG was authorised under its AFSL to provide general financial advice and dealing services to wholesale clients. However ASIC found the firm had failed to maintain the competence to provide services covered by its licence; did not comply ...

HUB24 FUA exceeds 120% growth

KERRIE SYDEE  |  FRIDAY, 15 JUL 2016
... services FUA ($150m). HUB24's wholesale FUA is derived from providing custody and administration services to wholesale clients and reporting services FUA represent retail client accounts held outside of custody that the platform provides portfolio and ...

ASIC consulting over managed investment schemes

DARREN SNYDER  |  WEDNESDAY, 1 JUN 2016
... review its policy in relation to relief for individual fee negotiation. This relief is currently restricted to wholesale clients only. ASIC has also released a separate consultation paper proposing to repeal the class order: Managed investment schemes ...

SILC Group appoints new exec director

KERRIE SYDEE  |  FRIDAY, 6 MAY 2016
... assets will not only support but will also grow our pipeline of products we are bring to the market for our wholesale clients."