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Showing 1 - 10 of 33 results for "Financial Advice Provider"

ASIC bans advisers for dodgy Shield Master Fund advice

KARREN VERGARA  |  WEDNESDAY, 9 JUL 2025
Two former MWL Financial Services financial advisers who invested clients' superannuation in the Shield Master Fund have copped bans from the regulator. Matthew Simon Bradley has ceased working in financial services for eight years after ASIC found ...

Keystone Asset Management to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2024
Keystone Asset Management will be liquidated, as ASIC investigates exactly what's happened to funds invested in the Shield Master Fund. Keystone Asset Management (KAM) was the responsible entity for the Shield Master Fund, the assets of which were ...

Coastal Advice Group expands reach

CHLOE WALKER  |  WEDNESDAY, 6 DEC 2023
The Newcastle-based group has acquired RI Brighton and Wealth for Life Financial Planning as part of its strategy to become one of the leading financial advice providers in the country. The acquisition of the firms, both based out of Adelaide, will ...

Mercer fined $12m over advice failures

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... over a fine for $12 million. ASIC deputy chair Sarah Court described the penalty as significant for a financial advice provider. "Mercer failed in its obligation to provide fee disclosure statements to clients, provided misleading information in the ...

NZ advisers begin new licensing regime

KARREN VERGARA  |  FRIDAY, 17 MAR 2023
... or operating as an Authorised Body, which is defined as an entity (company or partnership) named on a Financial Advice Provider licence. FMA director of deposit taking, insurance and advice Michael Hewes said this figure includes licences issued to sole ...

Hostplus expands Industry Fund Services mandate

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
Following a review, Hostplus has retained Industry Fund Services (IFS) as its financial advice provider ahead of expanding its intra-fund and personal advice services. Hostplus is planning to roll out an updated financial advice and literacy model ...

Industry association rebrands

JAMIE WILLIAMSON  |  FRIDAY, 25 MAR 2022
The Stockbrokers and Financial Advisers Association will now be known by a name that more accurately reflects its membership, the body said. The association has received full member support to change its name to Stockbrokers and Investment Advisers ...

CBA Group Super overhauls service providers

JAMIE WILLIAMSON  |  TUESDAY, 25 JAN 2022
... AIA to form the basis of AIA Financial Wellbeing, the insurer's new advice business. The change in financial advice provider has no impact on the group insurance arrangements between AIA and CBA Group Super. These mandates follow another that was ...

Risk advice most sought-after among Kiwis

KARREN VERGARA  |  THURSDAY, 15 APR 2021
An overwhelming 70% of products that New Zealand financial advisers recommend are life insurance products, according to the country's financial markets regulator. New statistics released by the Financial Markets Authority (FMA) reveals that risk products ...

NZ overhauls regulation of advice

JAMIE WILLIAMSON  |  FRIDAY, 19 MAR 2021
... to meet the same standards and subject to a new Code of Conduct. Now, individuals must either hold a Financial Advice Provider (FAP) licence or be operating under a FAP licence as a financial adviser or nominated representative. Those providing advice ...
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