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Showing 1 - 10 of 100+ results for "Advice"

ASIC industry levy to increase

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
... at $2426 charged for each representative plus the $1500. The new costs are applicable to licensees that provide personal advice to retail clients on relevant financial products. ASIC calculates a different levy for advisers who provide retail advice ...

CSLR raises concern among advisers

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
... securities dealers. However, deposit products, superannuation funds and managed investment schemes are excluded. The financial advice industry will seemingly be expected to pick up three-quarters of the cost of this scheme, the AFA said. The annual administration ...

Fintechs settle legal stoush

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
Astute Wealth Advice and Lumiant have reached an agreement to settle an alleged copyright breach. According to AstuteWheel managing director Hans Egger, Lumiant has agreed to a number of actions set out in the Cease and Desist letter sent earlier this ...

M&As to create super advice firms

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
Mergers and acquisitions will power the financial advice industry, culminating in the formation of "advice mega firms" in the near future, a new white paper suggests. According to a new report by AZ Next Generation Advisory (AZ NGA), the collapse of ...

National practice manager joins Madison

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
... leadership team including Annick Donat, Jaime Johns & John Abernethy being instrumental in my decision. Good financial advice is a critical service that I believe more Australians can benefit from, and now more than ever, financial advisers need the ...

Perpetual AUM rises

ANNABELLE DICKSON  |  FRIDAY, 23 JUL 2021
... marginally during the period due primarily to a drop in Bank RMBS issuance," Adams said. Perpetual Private funds under advice increased 6% to $17 billion due to $0.3 billion in net flows and $0.7 billion from market movements. "We expect that positive ...

Finfluencers ensnare female Millennials

KARREN VERGARA  |  THURSDAY, 22 JUL 2021
The growing finfluencer phenomenon is capturing female Millennials who turn to social media for financial advice and education. Analysis by marketing platform HypeAuditor reveals that more than half (57%) of female finfluencers' following are young ...

Advisers overlook home equity release strategies

KARREN VERGARA  |  THURSDAY, 22 JUL 2021
... according to new research. Regtech Fourth Line and retiree financial services provider Pension Boost looked at the Statement of Advice of 15 licensees and 1980 financial advisers. Of the 5000 SOAs produced between 1 July 2019 to 15 May 2021, not one ...

Netwealth launches mobile app

ANNABELLE DICKSON  |  THURSDAY, 22 JUL 2021
... research and what customers are telling us we believe client portals represent the next frontier, and a very real path for advice firms to reinvent their client experience to rival many new and disruptive digital wealth businesses," Netwealth joint managing ...

ASIC bans adviser, cancels AFSL

ANNABELLE DICKSON  |  THURSDAY, 22 JUL 2021
... superannuation funds and proceeded to not put adequate measures in place to ensure the funds were transferred in accordance with his advice. The corporate regulator also deemed Bevan is not fit or proper, having regard to his connection to a refusal ...
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